Experts advocate op risk scenario rethink
BOSTON – Operational risk managers commonly complain they lack data. However, according to a new research paper co-written by Kabir Dutta and David Babbel, consultants at Charles River Associates, the problem might not be so much a lack of data but the way their models use it.
The paper highlights the problem of how to integrate scenario analysis with internal loss data into advanced measurement approach (AMA) internal models for regulatory capital. Industry experience has faced increasing
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