Case Study - Weighing The Dragon: Operational Risk Measurement At ANZ (Part II -- Building The Tools)
In the second of two papers describing his bank's approach to operational risk measurement and economic capital allocation, Mark Lawrence, group general manager responsible for risk management at ANZ Bank, describes how the company selected its approach to quantifying operational risks and translating these values into economic capital -- and highlights the issues faced by an organisation such as ANZ in enhancing its framework for operational risk measurement.
HAVING MADE the high-level choice to
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