OpRisk Asia: Loss data collection faces pitfalls, panel warns
Loss data is vital to op risk management - but the process is flawed and uncertain, Singapore conference hears
Practitioners agreed that incentivising staff to report losses tops the list of challenges in loss data collection in a discussion today at the OpRisk Asia conference in Singapore.
"We could do better than rely only on people for our loss data collection, but rely on people is what we do," said Anthony Rizzo, risk executive for operational risk in the institutional banking and markets division of
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