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Operational risk

Invisible risks

Op risk managers can expose yesterday’s loss and today’s weakness, but they cannot quantify the risk of tomorrow, says Benedict Roth of Rabobank International

A coherent framework for stress testing

In recent months and years, practitioners and regulators have embraced the idea of supplementing value-at-risk estimates with "stress testing". Risk managers are beginning to place an emphasis and expend resources on developing more and better stress…

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