Chase Manhattan Develops Operational Risk Framework
NEW YORK--Chase Manhattan Bank is developing a framework to measure its enterprise-wide operational risks, according to bank officials. The project includes an emphasis on analyzing operational risks in terms of their effect on shareholder value, as opposed to traditional balance sheet-based approaches to risk management.
Chase's Bruce Jurin, a senior vice president working on the bank's operational risk project, recommends that banks adopt an operational risk management framework based on
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