Greater communication between departments also key to risk management
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...
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
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 and severities to build a loss distribution function...
Marcelo Cruz Welcome to the third issue of the eighth volume of The Journal of Operational Risk. September 2013 marks the fifth anniversary of the collapse of Lehman Brothers - a collapse that triggered the greatest financial crisis of our generation....
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.
The European fund management industry is subject to a new set of rules known as the Alternative Investment Fund Managers Directive covering any funds marketed or domiciled in the region. Keir Gordon and Eve Ellis of law firm Charles Russell discuss the...
Modest increase in complaints related to payment protection insurance
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
UK, 18th Dec 2013
UK, 12th Feb 2014
UK, 13th Feb 2014
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