Clarification & Correction


Tony Chew, of the Monetary Authority of Singapore (MAS), would like to clarify elements of 'MAS releases new technology risk guidance' (OR&C, July 2008).

At the OpRisk Asia conference, Tony Chew illustrated and highlighted the differences between technology and operational risks. Using the Basel II definition of operational risk as a backdrop, he explained that it is important to look at technology risk distinctly on its own, as its magnitude, diversity, complexity and intricacies may not fit

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