OpRisk North America highlights the limitations of risk management
Discussion at Operational Risk & Regulation’s New York conference focused on limitations of operational risk management, particularly the risks associated with models, data and calculations
Solid economic growth might have lifted the spirits of the rest of the US financial sector in 2012, but at the OpRisk North America conference, held in New York on March 20–23, the atmosphere was cautious. Speakers and discussions focused on the constraints of operational risk management – the risks of model failure, the tendency of risk managers to ignore empirical research and risk indicators
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