Strength in numbers
Data consortiums for loss information are popping up all over the globe. Why are they proving so popular? Duncan Wood reports
It's a development that must warm the hearts of Basel II's architects. Their rules have been criticised for drowning good risk management in a sea of data, statistics and modelling, but now a growing population of data-sharing consortia are proving that the two can go hand in hand.
Only a small proportion of the hundreds of institutions pouring loss information into these databases intend to model
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