In the previous article [RAF15] we stressed the necessity of developing specific measures of the Operational Risk (OpRisk) for the Risk Appetite Framework (RAF) in the financial services’ industry. Although we recommended considering a performance measure (based on a ratio of the losses over the ...more »

The Risk Appetite topic is a recent issue: indeed the necessity of implementing a full framework with specific procedures and measures of risks in the financial industry, especially in the banking sector, turns out in response to the financial crisis that began in 2007. There ...more »