Operational risk management: Using loss-data more effectively.

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Abstract:

Using operational risk loss-data is paying off. It can now be demonstrated that the operational risk in processing transactions is containable Clear governance, systematic data reconciliation and quality assurance are key elements to establishing the foundations for operational risk managers to earn their seat at the decisionmaking table in a modern financial organisation. [ABSTRACT FROM AUTHOR]

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Author Affiliations:
Operational Risk Management, Deutsche Bank, Theodor-Heuss-Allee 70, Frankfurt am Main, Germany.

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