Applying op risk and probabilistic networks to corporate actions processing
Bayesian belief networks may provide a solution for arriving at loss estimates for Basel II. By Shilpa Ramamurthy, Harpreet Arora and Anirbid Ghosh
WITH the Basel deadlines fast approaching, most affected banks are scrambling to get their operational risk management act together. Among many factors that are impeding the development of stable operational risk management infrastructures, unavailability of loss data is probably the most common. Without a credible internal loss history database, most of the advanced risk analysis and measurement
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