OpRisk North America: Speakers question value of capital numbers
Op risk capital calculations might be flawed or irrelevant, conference hears
Operational risk capital is becoming irrelevant as a risk management tool, argued speakers at the OpRisk North America conference in New York on March 22.
Christopher Haines, head of operational risk management at American Express, came to operational risk management via the other categories of risk - and used his experience to draw a distinction between the metrics used elsewhere and the capital
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