Where Next For Operational Risk
Hughes, Peter J.![Where Next For Operational Risk](https://support.digitalhusky.com/media/annotations/sorted/377/37734298/CHSBZCOP0337734298.jpg)
Despite twenty years of endeavor, it's thumbs down for the banks' approach to operational risk management. The Basel Committee on Banking Supervision has abandoned the flagship advanced measurement approach (AMA) - the inhouse models banks use to calculate regulatory capital - and C-suite executives wonder what possible business value can be derived from subjective, non-aggregatable, color-coded risk & control self-assessments. In his book "Wh...