Loss data
Marcelo Cruz: Robust estimation
Published online only
Source: Operational Risk & Regulation
A number of recent papers submitted to the Journal of Operational Risk on robust estimation reflect the concerns of the op risk modelling community about the reliability of parameter estimation in severity...
Original headline:
Source: Journal of Operational Risk
April saw an unusually large number of insurance-related events, and Hartford Life losing $24 million in refunds after an estimation error
Original headline:
Source: Operational Risk & Regulation
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
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More Loss data articles
On humility
Published online only
Source: Operational Risk & Regulation
It's nice to see op risk managers becoming more aware of their limitations
OpRisk North America provides an overview of industry concerns
Original headline:
Source: Operational Risk & Regulation
The OpRisk North America conference offered the opportunity to question bank representatives on their concerns around a variety of issues, from data modelling to sensitivity analysis, splicing to parameter estimation
Why, when and how should loss data be scaled?
Original headline:
Source: Operational Risk & Regulation
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...
'Clients, products and business practices’ the biggest op risk type...
Original headline:
Source: Operational Risk & Regulation
SAS Software tracks biggest op risk events in March, while the ABA Operational Loss Data Sharing Consortium looks at the main types of op risk occurring in Q3 2011
Cifas data shows identity theft rose in 2011
Original headline:
Source: Operational Risk & Regulation
The latest fraud statistics from UK fraud prevention organisation Cifas and the top five losses in February from SAS
Internal fraud climbs in public sector, PwC survey finds
Published online only
Source: Operational Risk & Regulation
PricewaterhouseCoopers (PwC) survey finds rising fraud levels, especially committed by insiders, and SAS monthly loss data shows financial services firms continued to suffer from ‘Clients, products and business practices’ issues in January
Types of operational risk loss by event, December 2009 to December 2011...
Original headline:
Source: Operational Risk & Regulation
MBIA's $1.1 billion settlement with Morgan Stanley in December causes spike in 'clients, products and business practices' losses
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