The continued scrutiny that financial services brands have been faced with since 2008 clearly shows no signs of going away. New research, conducted by Ordnance Survey, in association with Operational Risk...
We demonstrate the operational risk associated with type II errors in typical lending decisions made by banks. Type II errors occur when loan officers misidentify healthy borrowing firms that are not destined...
The definition of operational risk given by Basel II is problematic when applied to institutions, since the risk only represents a potential loss. Staff and systems are considered to be the causes of losses,...
Insurance Risk and BNY Mellon have conducted a survey to look at how insurance companies are preparing for the new regime and the opportunities and challenges that the changes will bring.
More Operational risk articles
This paper illustrates how fuzzy logic can be helpful for constructing event-type variables in operational risk management. Even when the available databases cannot be considered "native" fuzzy, we show that modeling them according to fuzzy intervals...
In this paper we discuss operational risk modeling and consider a general Bayesian context incorporating information on market risk profile, expert opinion and operational losses, taking into account the general macroeconomic environment as well. This...
As the end of the year approaches and the arrival of the holiday season is felt all over the world, risk managers in the United States are not able to fully enjoy the festivities as they need to work long hours to prepare the so-called Comprehensive Capital...
Failure to enforce internal controls: top 10 operational risks for 2013
This paper discusses a number of diverse considerations that risk managers need to incorporate into their thought processes and recurring procedures if they are to fulfill their role more effectively in the future
UK, 18th Dec 2013
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