Australian Prudential Regulation Authority says industry not ready to model for operational risk capital rules
The passage of the Dodd-Frank Act in the US is putting pressure on institutions to accurately assess their risk exposure across the enterprise. This includes the ability to access all of the relevant data...
Business continuity planning struggles to prepare for a one-in-1,000-year event such as the Japan disaster.
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
The Operational Risk Industry Consortium (Oric) set up by Angelos Deftereos has opened up the market for using insurance to mitigate op risk
Framework extension to Algos OpVar op risk software awarded patent
More losses from within the ‘Clients, products and business practices’ category
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