Risk-taking ought to be judged by its necessity, not likely outcomes, says Ariane Chapelle
Basel Committee to integrate insurance and divestitures, but SMA still lacks forward-looking approach
Megan van Ooyen from SAS rounds up the top five op risk losses for September
Covering 80% of venues is considered enough to approximate total market size under Mifid II
Bayesian approach touted for mis-selling and other management failures
Credit Suisse among banks that have expanded their second line of defence, conference hears
Firms hope to leave out non-modellable risk factors deemed "immaterial"
Modelling shift to 'crisis mode' mitigates pro-cyclical calculations