Basel II: what if?
Financial services firms are relying on scenario analysis to model their operational risk under the new banking accord
The deadline for Basel II is looming and firms are working hard to meet the global banking initiative. Acknowledging that bad things happen to good divisions, business managers are holding scenario analysis sessions to highlight specific risks. In October, Operational Risk's sister magazine Waters gathered a panel of experts for a breakfast briefing on how to implement scenario analysis for Basel II op risk. The panel included Daniel Mayo, an analyst for DataMonitor; Paul Mokdessi, senior
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