This paper proposes a new framework to reduce the variance and uncertainty in the risk assessment process. Today, this … and a simulation of the risk assessment process, and the improvement in reducing the variance is significant. …

damage on average. Numerical experiments suggest the dependence aspect is important and can alter final risk estimates by as …

and hence their behaviour can influence the reputational risk of the bank. With very limited research on reputational risk … modelling were used in the statistical analysis. The SEM identified three variables that uniquely influences reputational risk … in banks. Operational risk events, behavioural finance biases and depositors level of risk tolerance were found to …