Measuring and managing market, credit and Op risk [70]

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Bullet points include: Heavily reliant on recording and monitoring risks and improving systems of control, see e.g. Chapelle (2005), including: Incident reporting – descriptions of past losses (and near losses?) and their causes Dashboards - reporting frameworks for describing evolution of operational loss events over time, broken down by activity and department Key Risk Indicators Risk and Control Self Assessment – expert analysis of potential risks based on collection and assimilation of information And on applying lessons from the experience of others, e.g. Drexel Burnham Lambert, Morgan Grenfell Asset Management, Barings, Madoff

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