In recent years, the occurrence of operational losses in financial institutions has increased the interest of academics and policy makers in operational risk. One of the main problems regarding the economic...
Welcome to the fourth issue of the ninth volume of The Journal of Operational Risk. This year has been a watershed year for operational risk, with large operational losses constantly making the headlines....
But FCA's "tone at the top" focus may hamper progress
More Operational risk articles
Poor professional culture drives bankers to be more dishonest
Operational risk managers highlight repeat failures at firms
Poor IT risk management threatened UK financial system
Community data sharing could change cyber risk protocol
Basel Committee overhauls standardised approaches
Isolating traders to prevent manipulation
The dangers of complacency, excessive risk and management failures
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
This whitepaper reviews the fundamental changes of Liquidity Risk Management under Basel III. It discusses how institutions can meet the regulatory requirements on liquidity risk management by enhancing their liquidity risk analytics, funds transfer pricing methodologies, liquidity stress testing frameworks, and enterprise risk management platforms.