Consortiums look beyond historical loss data
Historical loss data is a prerequisite for any good operational risk management framework, but cannot predict the future. Having more and better historical loss data would not have helped firms predict the financial crisis. However, some suggest more detailed data might have helped banks be better prepared for the downturn.
“The financial crisis has been a salutary experience for risk managers, with the credibility of risk models and scenarios seemingly undermined because of their inability to
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Operational risk
Derivatives
SEC’s Gensler takes aim at Bloomberg’s BSBY index
Credit sensitive SOFR alternative has “many of the same flaws as Libor”, regulator says
Receive this by email
Most read on Risk.net
- The Libor replacement stakes: runners and riders
- SEC’s Gensler takes aim at Bloomberg’s BSBY index
- Asia moves: Deutsche appoints Asia-Pacific treasurer, Citi boosts Australian sales team, and more
- People moves: five leave JP Morgan, MS names co-presidents, and more
- Early deaths could kill defined benefit pension shortfalls