In the current market turbulence operational risk management is a basic function of every financial institution, including insurance companies. In a situation when principles based on prudent business...
The manipulation of the London Interbank Offered Rate (LIBOR) was not a localized event. Unscrupulous traders and managers in some of the largest banks around the world deliberately and systematically...
The advanced measurement approach requires financial institutions to develop internal models to evaluate regulatory capital. Traditionally, the loss distribution approach (LDA) is used, mixing frequencies...
In this white paper, Gordon Russell, Global Head of Risk at Broadridge Investment Management Solutions argues that the chances of survival in this new environment will be greater for funds that implement solutions to efficiently and cost-effectively manage data and risk.
More Operational risk articles
Senior op risk staff set to move into private sector
UK and US authorities fine bank over $6.2 billion trading losses in July 2012
Data security legislation and new technologies require more sophisticated security measures, say CROs.
Modest increase in complaints related to payment protection insurance
Operational risk loss data – August 2013
Multivariate analysis is a powerful tool for finding significant relationships between business environment and risk losses
An open verdict
Authors of their own destruction
When two become one
Recent glitches highlight aggressive culture on Wall Street
Investment advisers accused of lack of preparation in face of Sandy
US insurer's op risk head Kay Rahardjo discusses solvency regulations and the lessons learned from 2012's superstorm
The loss of service at one of the biggest US exchanges emphasises the risk of a failure at key service providers
US insurers dealing with potentially heavier load from federal regulation and the Orsa
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.