
Awards
March 21, 2023
Acin named Best Operational Risk Management Partner by CFI
Evaluating potential future events to predict possible results and outcomes. US regulators define operational risk scenario analysis as a systematic process of obtaining expert opinions from business managers and risk management experts to derive reasoned assessments of the likelihood and loss impact of plausible high-severity operational losses. Scenario analysis can identify quantitative and qualitative impacts, as well as financial and non-financial ones. Within the Basel Committee operational risk framework, risk scenarios are meant to be forward looking – hypothetical plausible constructs, not forecasts or predictions. They are also meant to compliment internal and external data.