David Babbel and Kabir Dutta show that while scenario analysis is an important tool for risk measurement, its use in the measurement of operational risk capital has been quite arbitrary and often inaccurate. They propose a method for the measurement of operational risk exposure of an institution using scenario analysis and internal loss data but based on the Change of Measure approach used for asset pricing in financial economics.
Chambers and Partners recognizes CRA consultants in Global Crisis & Risk Management Guide 2025
CRA Forensic Services VPs Bill Hardin and Kris Swanson were ranked individually and as part of CRA’s ranking within the Cybersecurity and Risk category, along...