In this note, David Babbel addresses reader questions concerning the methodology used in a prior paper, “Scenario Analysis in the Measurement of Operational Risk Capital: A Change of Measure Approach.” The main objectives of the note are to explain the justification of the method introduced, explain why the author thinks that the method is based on the Change of Measure approach, and explain how the method suggested in the study uses and filters the scenarios properly. To read the paper, click the link below.
2024 International Arbitration review: Updates and trends
Dear Clients and Friends, Our activities in 2024 reflected ongoing trends from 2023 and emerging forces affecting the landscape for investors and companies...