The more than 10,000 loss events include events where losses were incurred due to inadequate or failed internal processes, people or systems as well as external events. These could be anything from failed hardware, forgery, embezzlement, and fraud, to natural events such as earthquakes and floods. When assessing the impact of operational risk scenarios on its business, Royal & SunAlliance will use the SAS data both in the scenario analysis process as well as a benchmark for its own internal data.
20 September 2004
SAS is gaining momentum...
More global companies have selected the operational risk measurement framework from SAS, and they seem to be gaining momentum in the marketplace.
Posted by Ed at 9/20/2004 04:04:00 PM