
DEFINITIONS OF
CLASSES
RESEARCH ON
OPERATIONAL RISK
IDENTIFICATION
OF EACH RISK
DATAMINING
MONITORING
OF EACH RISK
INDIVIDUAL RISK
MEASUREMENT
DATA COLLECTION
ANALYSIS OF
EACH OP RISK
CONCLUSIONS
REGARDING ITS CONTROL
ASSESSMENT OF
ALTERNATIVE METHODS
SYSTEM OF MERITS
AND DEMERITS
EFFECTIVE TICK-BY-
TICK CONTROL
LONGER TERM
CONTROL PERSPECTIVE
14 Operational Risk Control
䊏 By changing the parameters of topmost op risks, and
䊏 By altering the control structure, and/or nature of controls.
As we will see in connection to advanced methods for operational risk control
(Chapter 8), experimental design can help in analysis of variance when more than one
factor changes. The existence ...