ELSEWARE has developed a forward looking approach for operational risk scenarios quantification. References include the top banks in the US, UK and Europe.
The approach builds on the Exposure, Occurrence and Impact method to analyze the main operational risk exposures of a firm.
Initially created in continental Europe, our method is the first forward-looking approach approved as an internal model by regulators in 2011 (ACPR) and 2015 (PRA).
It is now gaining momentum after its adoption by large US institutions for CCAR, while banks and representatives are pushing for better methods for operational risk capital.
MSTAR is the tool that that implements this approach.
For more informations www.elseware.fr