Dipo conference: Loss-data consortiums switch focus from quantity to quality
A strong theme emerging from this year’s loss-data consortium conference hosted by Italian consortium Dipo was that loss-data collectors are more interested in improving the usefulness of their data than merely increasing its volume
Operational risk loss data from external consortiums has traditionally been used by financial institutions to model a capital number for op risk, but increasingly it is being used for broader op risk management purposes.
"Data and consortiums are important to use to calculate capital requirements, but also for operational risk management," said Gianfranco Torriero, chairman of the board of
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