Ho Pioneers New Methodology For Quantifying Operational Risks
THOMAS Ho, president of Global Advanced Technology, the New York-based financial software and consultancy house, has developed a new method for measuring and controlling operational risks across financial institutions.
Ho says operational risk can be quantified by breaking down an institution's operations into "phases", then examining the correlations between the risks of these phases. This method parallels the way market risk is measured across a portfolio of instruments, he says.
Each phase is
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