Anders Meinert Jørgensen, head of group operational risk at Nordea, talks AML awareness and pace of framework change at the bank
One of the original five Fatca partners likely to take its time over signing IGA, expert warns
This webinar looks at the current state of enterprise stress testing and unveils findings of a new study on Enterprise-level Stress Testing (one of several research papers in Chartis' The Risk Enabled Enterprise ® research program)
More Operational risk articles
Unanswered questions remain over the implementation of Vickers by 2019
Reticence among certain insurers to quantify operational risk also to blame for lack of progress in model development
Hotly anticipated final Fatca regulations leave industry disappointed and without an agreement for non-IGA FFIs
Industry hopes for more detail and draft agreements later this month
Clients still in the dark about RDR fees despite January 1 deadline passing
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,...
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...
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...
Top 10 op risks: Failure to enforce internal controls
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.