Nonstationarity in operational risk loss data time series is a known effect, but has so far rarely been analyzed in detail. Taking transaction banking as a segregated object of study, a simple model presented...
Volume 8, Issue 4, 2013
A year of huge fines and settlements has thrown new light on the importance of controls and conduct risk
More Operational risk articles
£28 million penalty for poor incentives – but op risk still largely excluded from pay policies, survey finds
UK regulator reveals that banks will miss deadline for compensating interest rate hedge mis-selling victims
Andrew Legg, senior litigation partner at global law firm Eversheds, examines the challenges businesses can face when navigating the issue of bribery in Africa and calls on the experiences of organi...
Sponsored webinar: MetricStream
Lack of leadership and job insecurity are behind widespread wrongdoing in the financial sector, seminar hears
Operational risk loss data – October 2013
Top of the agenda for the Dubai Mercantile Exchange and its chief executive, Christopher Fix, is assuring the integrity of its crude oil benchmark. He talks to OpRisk about the operational challenge...
Ex-regulator and head of compliance quits UK bank citing stress
In the seventh of our series of top 10 op risks for 2014, we look at long-term business continuity. Op risk managers need to prepare for crises that last months, not days
This whitepaper reviews the fundamental changes of Liquidity Risk Management under Basel III. It discusses how institutions can meet the regulatory requirements on liquidity risk management by enhancing their liquidity risk analytics, funds transfer pricing methodologies, liquidity stress testing frameworks, and enterprise risk management platforms.