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.

Popular resources

You may be interested in

Serge De Coster
News
November 7, 2022

Acin adds Chief Client Officer to industry-leading team, as data network continues to expand

Acin announced as the Best ESG risk data provider at the ESG Insight Awards
News
November 1, 2022

Acin announced as the Best ESG risk data provider at the ESG Insight Awards

News
2 mins reading time

Acin wins Risk.net’s OpRisk Innovation of the Year, for second year in a row

Discover more