
164 Operational Risk Control
controlling each distinct class of op risk events, and leads the user towards a
methodology that might also be applicable with credit risk and market risk.
2 An efficient, statistics-based control method known as Six Sigma, which enables
weakness in management control to be identified and redressed.
Six Sigma is above all a discipline, which has been successful if and when top
management stands solidly behind it. This is the case study we will follow in sections
8.6 and 8.7. Taken individually, the tools included in Six Sigma are not new. What is
new is their integration into a methodology that is used by the CEO and senior ...