Banks begin to use op loss databases for qualitative analysis
LONDON
-- Contrary to expectations, external loss databases are proving useful in the qualitative assessment of operational risk. Initially, databases of public knowledge loss events and shared loss information were created to help banks quantify their exposures in order to set aside appropriate capital. Now however, users of the databases -- both those set up by consortia of banks and theOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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