‘Scorecard approach’ – name changed by working group

Basel Committee’s op risk conference

New York – The participants of the ‘scorecard approach’ working group decided to change the name of their discipline to ‘risk drivers and controls approach’ (RDCA), according to group head Mark Lawrence, who is also chief risk officer at ANZ Bank in Melbourne.

Lawrence presented the results of the working group at the Leading edge issues in operational risk measurement conference in New York on May 29–30, organised by the Basel Committee on Banking Supervision. “We found that the word ‘scorecard

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