Our approach is based on the study of the statistical severity distribution of a single loss. We analyze the fundamental issues that arise in practice when modeling operational risk data. We address the...
While there is an established framework for quantitative modeling of operational risk as a "lingua franca" on an expert level, active operational risk management in the business line as "first line of...
Since the global financial crisis, banking regulators and academics have extended the traditional, narrow definition of "systemic risk" to encompass concepts such as "interconnectedness" and "shadow banking"....
More Operational risk articles
Here we present a comparison of the performance of several numerical methods to determine the probability density of the total severity when a model is known. One method is based on the maximum entropy principle applied to fractional moments. The other...
As spring knocks on our doors we seem to be living through another round of optimism in the financial industry, with people hoping we will return to some kind of normality. However, the usual hiccups are still part of the picture. The disaster scenarios...
Banks must look beyond internal controls to deal with the risk of internal fraud
Business units in banks are being asked the same question too many times, op risk heads warn
Implementation of Dodd-Frank Act raises op risk concerns, conference hears
Banks must be aware of the risks of data transfer, conference is warned
Post-crisis, the value of op risk managers is clear, conference hears
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.
Hong Kong, 1st - 31st Dec 2014
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Singapore, 22nd - 23rd Jul 2014
Australia, 12th - 13th Aug 2014
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