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Audio
Why Traditional Operational Risk Models Fail When the Biggest Threats Haven’t Happened Yet
How do you measure a risk that has never happened before? Michael Grimwade explores practical techniques for estimating low-frequency, high-impact operational risks, arguing that historical loss data alone is insufficient. By combining business profile analysis, industry data, scenario modelling, and structured risk decomposition, organizations can make more informed decisions about emerging threats, cyber risks, rogue trading events, and other severe but remote operational losses.
Oct 30, 2026
Michael Grimwade, MD, Operational Risk, ICBC
Tags:
Operational and Non Financial Risk
The views and opinions expressed in this content are those of the thought leader as an individual and are not attributed to CeFPro or any other organization
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