Technical Paper -- Employing Self-Assessment Techniques To Manage Operational Risk
Andrew Lapkin and Kristen Walters, chief operating officer and director of product management at Measurisk.com, propose a qualitative framework with quantitative results modelling for operational risk in the buy-side sector.
BACKGROUND
Operational risk is widely recognised as a substantial contributor to the overall risk institutional investors are exposed to. This fact has been illustrated by numerous high-profile losses pertaining to operational risk over the last decade. These losses -- and the
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