Seminar

Today I've participated a seminar in which topic is operatinal risk quantization.

There are three large regulatory for that, EU solvency II, BIS Basel II, and the regulatory by FSA, Japan.

It is very difficult to adapt and utilize operational risk quantization for a board. Because there are many barrieres. One is the resistants for collecting operational risks, because it takes additional administration to collect operational risks. The other is that it is quite difficult to persuade the board, because it is not clear that collecting operational risks and quantizing it works for the board's decision.

There were some hints for these difficulties in today's seminar. I hope I can feedback it to my work.