Scenario analysis

Scenario analysis means a systematic process of obtaining expert opinions from business managers and risk management experts to derive reasoned assessments of the likelihood and loss impact of plausible high-severity operational losses. Scenario analysis may include the well-reasoned evaluation and use of external operational loss event data, adjusted as appropriate to ensure relevance to an Enterprise's operational risk profile and control structure.

Source

12 CFR § 1240.101

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Scoping language

Terms that are set forth in 1240.2 and used in this subpart have the definitions assigned thereto in 1240.2.

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