Setting the scene

Scenario analysis used to be a divisive issue. Advanced measurement approach (AMA) applicants fell more or less neatly into one of two camps: those using loss data to model operational risk, and those using scenarios. Each camp championed its own approach and cast brickbats at the other: loss data was incomplete or irrelevant; scenarios were an overly subjective short-cut.

Today, life is a little more harmonious, says Valerie Belhassen, global head of operational risk at BNP Paribas in Paris. "R

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: