An operational model
Scarce and shallow loss data has been the bane of operational risk models historically, but a new paper calls for more work on statistical approaches that could improve their sensitivity. By Peter Madigan
The Basel Committee on Banking Supervision has been firing out modifications to Basel II since the financial crisis began. Everything from liquidity and stress testing to value-at-risk and resecuritisation has come under scrutiny. Other changes are imminent, including a requirement to raise the quality of capital, and introduce leverage ratios, capital buffers and new quantitative liquidity
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