Op Risk Benchmarking: Inside the G-Sibs
New initiative scrutinises op risk measurement and management practices at the world’s largest banks
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“I often reflect on the fact that RiskMetrics was released in 1992,” says the head of operational risk at a large European bank, referring to the analytics suite JP Morgan published in an attempt to create a standard for market risk. “Thirty years later, despite some good advances in the way we think about operational risk, we still don’t have
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