• First, they want to build statistical models mapping the severity and frequency of past operational risk losses and use this to judge the amount of the bank's capital at risk from operational failures in the future.

    ECONOMIST: Risk management

  • So the operational impact of any engine-related grounding is decreased by having competing engines, but the frequency of engine-related groundings is probably increased.

    FORBES: Why Adam Smith Isn't Welcome In The Defense Industry

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