Rumbles in the ratings jungle
Things are astir
in the ratings jungle. Moody's published a paper earlier this year detailing a specific approach to assessing operational risk. Fitch will shortly be devoting a separate section of its rating reports to op risk. And Standard & Poor's, whilst acknowledging that assessment of op risk remains essentially a qualitative analysis, is developing further metrics by which to assess it in financial companies.Add to that the acquisition by Fitch Risk Management -- an affiliated firm of
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