Panel welcomes move towards central clearing but warns the necessary system and technology requirements will create operational risks
QIS 5 results show there is a capital advantage to be gained from constructing an internal model
BlackRock’s global op risk head, David Ridgway, talks to ORR about his firm’s central information repository, which he says provides “one version of the truth” for the entire firm to tap into
Insurance Risk and BNY Mellon have conducted a survey to look at how insurance companies are preparing for the new regime and the opportunities and challenges that the changes will bring.
More Victoria Tozer-Pennington articles
True extent of operational risk hidden and many op risk events classified as other risk types
Around 100 UK insurance firms are thought to have opted to go for the internal model approach to operational risk under Solvency II, although few have yet figured out exactly how they are going to model op risk exposure
Simple, singular scenarios don't provide enough insight says RiskBusiness's Finlay
Monetary Authority of Singapore proposes to require CRAs to be licensed
In March, the world saw several disasters – earthquakes in Christchurch, New Zealand and in Japan, which also experienced an ensuing tsunami that triggered an ongoing nuclear crisis. When such multivariate events occur, risk managers must draw lessons...
The Foreign Account Tax Compliance Act expected to impact on the systems and operations both of US and foreign firms
Analysis of the top five operational risk losses in February from SAS Software
This paper discusses a number of diverse considerations that risk managers need to incorporate into their thought processes and recurring procedures if they are to fulfill their role more effectively in the future