Applying existing scenario techniques to the quantification of emerging operational risks
Michael Grimwade
Abstract
Michael Grimwade
Abstract
It is emerging operational risks that are habitually cited as keeping executives awake at night. These risks are dynamic and inspire the fear of the unknown, and it is precisely these characteristics that make their quantification so challenging. While there are no perfect solutions, this paper sets out techniques for
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It is emerging operational risks that are habitually cited as keeping executives awake at night. These risks are dynamic and inspire the fear of the unknown, and it is precisely these characteristics that make their quantification so challenging. While there are no perfect solutions, this paper sets out techniques for
Key concepts: Operational risk, Risk analysis (engineering), Computer science, Original research, Risk management, Business, Finance, Library science