Has Asia got the balance right?
The Asia-Pacific region still lags Europe and US in its operational risk management preparedness. But attitudes are split in an interesting way. By Ellen Davis
Although the profile of operational risk management is rising in the Asia-Pacific region -- after a somewhat slow start -- it will take longer for the region to implement advanced op risk approaches than Europe and the US.
This is partly due to the region’s economic and social diversity. Also, most financial institutions are placing their Basel II compliance emphasis on the credit risk side of Pillar I -- for most firms, this makes sense. Problems with credit risk analysis were a key reason for
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