Goldman uses scenarios for reputation risk

Goldman Sachs says it is using scenario analysis to study reputational risks, employing operational risk expertise within its broader risk management framework, according to its global co-heads of operational risk management, Spyro Karetsos and Mark D’Arcy. The investment bank turned bank holding company has come under intense scrutiny this year over its involvement in the Greek government’s sovereign debt crisis and executive bonus payments in the aftermath of the US Treasury’s support of the