Legal risk can be disastrous but is hard to tackle, argues Kaminski
Basel Committee overhauls standardised approaches
Isolating traders to prevent manipulation
This panel will discuss ways to allocate resources and minimize potential exposure with a set of analytical tools to assess, simulate and quantify operational risk capital to improve business efficiency and performance across the enterprise.
More Operational risk articles
The dangers of complacency, excessive risk and management failures
Volume 9, Issue 3, 2014
We explore a new data source of operational loss events, the Austrian Loss Data Collection, featuring more than 42 000 observations. We provide statistical characteristics per event type and business line...
Increased capital charges for equity and credit spread risk are fine
Rising costs and delays in issuing letters of credit deterring SMEs
Change to definition of unit-linked expenses would increase firms' SCR
Markup language could reduce high levels of operational risk
First-wave filers unclear on regulators' resolution expectations
Banks must heed advisory message promoting compliance culture
Setting up conduct risk units in a hurry may hamper op risk management
Three months after IRS notice, Fatca compliance programmes slackening
Questions on compliance within third parties need to be more focused
Bank pays fine for mortgage fraud in the lead-up to the financial crisis
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.