Operational risk transfer
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The Operational Risk Industry Consortium (Oric) set up by Angelos Deftereos has opened up the market for using insurance to mitigate op risk
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This "guiding light in the field of operational risk and insurance" has consistently been at the forefront in developing better op risk management
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The insurance and banking industries need to work together to fully realise the benefits of using insurance within an operational risk framework
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Contradictions in the US regulations slowing down exit from Basel II parallel run
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Basel paper revolutionises regulatory approach to the use of insurance in the AMA op risk capital model
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Staunch advocate for the use of insurance as a hedge for op risk exposure Carol Sergeant announces she will leave Lloyds Banking Group in January.
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Updated op risk compendium contains guidelines on op risk mitigation; internal governance guidelines on the way
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Andrew Sheen at the UK Financial Services Authority has rapidly become one of the most respected experts in operational risk, perhaps due to his clear vision of where the profession needs to go and what it must do to get there.
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BASEL – The consultation paper issued by the Basel Committee on Banking Supervision’s standards implementation sub-group for operational risk (Sigor), Recognising the risk-mitigating impact of insurance in operational risk modelling, has received...
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For a moment it looked as if the post-crisis drive for reform was losing momentum. But the Basel Committee on Banking Supervision has established working groups to keep the industry focused, and to propose ways to keep moving forward
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