External loss database
Getting loss data consortiums to work may require high levels of trust – or intervention from regulators. In a shorter version of their research paper published this month, Hubert Kiss and Daniel Homolya...
A panel, sponsored by IBM, discusses how external data elements can assist risk managers and professionals in their operational risk programmes, particularly for informing scenarios and assessments, and...
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 External loss database articles
While professionals in the aviation industry have a different motivation for minimising risk, many of the issues they deal with are similar to those faced by banks
An issue for op risk managers is scaling modelling data to a relevant size without sacrificing its value through over-manipulation. Using a query model to determine which data to use makes the process easier and reduces the risk of cherry-picking favourable...
OCC regulator warns risk managers to re-examine data integrity and be wary of model risk
Marcelo Cruz highlights the problems that can arise when analysing the relationship between operational risk and macroeconomic factors
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