... decisions are taken by the clients’ board of directors, the scope of work undertaken should again be clear and where the bank has relied on work carried out by others, that should be set out. © Company 2001 Banking Risk management strategies Litigation Insurance Legislation During...

..., to apply this approach will require a bank to have a robust internal loss database containing a number of years of data. © MCB UP Limited 2001 --> Risk analysis Accounting standards Banking industry Capital markets Risk management strategies The new basel accord: stepping up...