Firms rise to the op risk data management challenge
TECHNOLOGY
NEW YORK -- Like all risk management problems, operational risk relies on a sufficient supply of good quality data if analysis is to be meaningful and decision-making effective. But op risk requires different kinds of data from market and credit risk -- the issues in its gathering and investigation are also different, and require their own methods and tools.
The main types of data required for operational risk management are data on internal losses, risk self-assessments and key risk indicators
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