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.
CrowdStrike names CRA as 2025 Engagement Licensing Program Partner of the Year — Third year in a row
Vice Presidents Bill Hardin, Matt Ahrens, and Adam Hart, along with Principal Bhush Shah, accepted the award on behalf of the Practice. This continued...