New techniques focus US op risk executives on scenario analysis
Use of scenario analysis in the US is on the rise again, as banks adopt new techniques to incorporate estimates into their operational risk capital models
Scenario analysis, once unpopular as a capital tool with US regulators, is gaining in support in the wake of the financial crisis. But its new popularity has engendered new controversy, over both its value and the details of how the analysis should be conducted.
In the early days of the development of the Basel II capital adequacy rules’ advanced measurement approach (AMA) for calculating
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