Lack of Data Hampers Asian Risk Managers
SPECIAL REPORT
The absence of historical data is the single biggest obstacle for the use of internally developed risk management systems within Asia’s banks, according to a report by Standard & Poor’s (S&P).
The report, S&P’s first annual risk benchmarking study, shows that while a growing number of Asian banks are implementing integrated internal risk management models, few banks have sufficient historical data to support them.
Among the Asian banks surveyed, more than 80 percent indicated that they have no
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