Complying with new account-switching rules not enough without consideration of business risk
Within the loss distribution approach framework, the required capital is the 99.9% value-at-risk of the annual loss distribution, which is based on the fit of the severity and frequency distributions using...
Chinese commercial banks have faced increasingly serious operational risks because of the rapid development of the financial markets and the wide application of information technology. Stringent requirements...
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 Operational risk articles
In this paper we propose a novel approach for measuring risks when the data available is expressed on an ordinal scale. As a result we obtain a new index of risk bounded between 0 and 1, which leads to a risk ordering that is consistent with a stochastic...
We introduce several possibilities for the estimation of the shape parameter of the generalized Pareto distribution through expert opinions, in an ideal context where expert opinions come from self risk assessment scenarios that present a structure richer...
Spring and summer bring with them a number of important operational risk conferences, among them OpRisk North America and OpRisk Europe, both of which are organized by the publishers of The Journal of Operational Risk. These gatherings present me with...
Data privacy laws will continue to pose challenges for banks, conference hears
Loss data is vital to op risk management - but the process is flawed and uncertain, Singapore conference hears
Culture is a priority for op risk managers – but the tools needed remain elusive
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
USA, 9th Dec 2013
USA, 10th Dec 2013
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UK, 13th Feb 2014
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