Head of Chicago regional office set to join law firm
Complying with new account-switching rules not enough without consideration of business risk
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
Chinese commercial banks have faced increasingly serious operational risks because of the rapid development of the financial markets and the wide application of information technology. Stringent requirements should be met to address these risks and to...
In this paper we propose a novel approach for measuring risks when the data available is expressed on an ordinal scale. As a result we obtain a new index of risk bounded between 0 and 1, which leads to a risk ordering that is consistent with a stochastic...
We introduce several possibilities for the estimation of the shape parameter of the generalized Pareto distribution through expert opinions, in an ideal context where expert opinions come from self risk assessment scenarios that present a structure richer...
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