COSO & ISO 31000 Exposure Valuation

Is ISO 31000 going to make the risk quantification mistakes that COSO did?

I have been following various debates on quantifying operational risk exposure on linked-in and elsewhere on the internet in the backdrop of risk standards such as COSO and ISO 31000.

What is a little disappointing is that it appears we might be falling into the same trap with ISO 31000 as the world has already done with COSO. 

Let's take a look at the single problem around: What is the value of risk from an event?

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