ORX completes first stage of scenario library programme
The Operational Riskdata Exchange says benchmarking is the next step in its effort to help operational risk managers improve their use of scenarios
The Operational Riskdata Exchange (ORX) has completed a scenario library and will now release the results back to the 37 participants that contributed to the programme.
Scenario analysis has long been an important tool to monitor and manage operational risk, but there has been a recent push by industry participants to be more methodical in its use. Compiling the scenario library is the first step in a journey that should enable ORX to perform useful analysis on the scenarios firms should run
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