US white paper stresses op risk challenges

ken-swenson-chicago-fed-2009

NEW YORK – Operational risk has long been seen as the poor cousin of credit and market risk, but this neglect is coming to an end as regulators seek to understand the difficulties and weaknesses of risk calculations.

Early this year, the US Office of the Comptroller of the Currency (OCC) and the North Carolina-based National Institute of Statistical Sciences convened a group of supervisors, financial engineers, statisticians and economists to discuss practical challenges faced in quantitative ri

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

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: