Central bank plans “comprehensive rebuild” of payments platform
Modelling shift to 'crisis mode' mitigates pro-cyclical calculations
Setting an op risk appetite is illogical without reference to reward, argues Ariane Chapelle
This issue contains four technical papers. Two of which deal with an analysis of the SMA, one paper deals with data and another tackles statistical issues around the quantification of operational risk.
Comments on the Basel Committee on Banking Supervision proposal for a new standardized approach for operational risk
In this paper, the behavior of the SMA is studied under a variety of hypothetical and realistic conditions, showing that the simplicity of the new approach is very costly.
Should the advanced measurement approach be replaced with the standardized measurement approach for operational risk?
This paper discusses and studies the weaknesses and pitfalls of the SMA and the implicit relationship between the SMA capital model and systemic risk in the banking sector.
Megan van Ooyen from SAS rounds up the top five op risk losses for August
Protecting yourself against true black swans is the art of the possible, not the probable
Take part in our annual survey to find the top 10 operational risks affecting banks and other financial institutions
Jodi Richard explains overhaul of firm’s op risk programme, including crisis management plans
Icap creates global head of regulatory affairs role; NIBC appoints chief risk officer; Crown Agents boosts risk management
Lack of recognition in new SMA capital charge could cause market to shrink, worry insurers
Sfr270 million transaction by Credit Suisse and Zurich thought unlikely to be copied due to SMA
Cyber criminals are increasingly turning into masters of disguise, OpRisk Asia conference hears
Effective risk management is more important than what your organisational chart looks like
Operational risk managers say idea is too formalised and beset by implementation challenges
Old Mutual appoints new CRO; StanChart hires new head of regulatory reform; Ulster Bank appoints Ireland CRO
Media and UK regulator’s approach to financial crime criticised at Commonwealth discussion
Megan van Ooyen from SAS rounds up the top five op risk losses for July
In a simple model, Vivien Brunel establishes the properties of an operational risk model under the requirement of classification invariance
The US banking supervisor has been taking a leaf out of banks’ books and putting the focus on enterprise risk management
Speedy settlement and resumption of services after cyber attack could be counterproductive
UK regulator promotes the use of financial technology to smooth compliance wrinkles
Op risk veteran Marcelo Cruz says firm faces “absurd” quantity of rules in US mortgage market