Panel defends value of modelling at OpRisk Europe
Op risk models are vital to link business risk management to capital levels, but they can grow too complicated, argues a panel at the conference in London
Speakers at the OpRisk Europe conference in London today (June 11) defended operational risk modelling as a vital link between business decisions and capital allocation, but acknowledged that models have a tendency to grow unnecessarily complex.
Jonathan Humphries, executive director at Aon Benfield, cited the chairman of the Basel Committee on Banking Supervision, Stefan Ingves, who said recently
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