Pair replace previous director Robert Khuzami
Higher capital requirements would incentivise banks to fix their problems more than fines, says Craig Spielmann at RBS
The Certificate in Quantitative Finance program provides risk professionals with quant finance tools applicable to their roles, and now offers risk management electives. Join our online info session: 11 June
More Operational risk articles
Focus on risk culture is a priority for many institutions in 2013, and our award winner Thomson Reuters provides the tools to enable clients to achieve this
US banks remain highly cautious about the impact of Volcker rule, industry expert says
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"....
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...
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
Failure is a "black eye" for US financial sector, according to Federal Reserve Bank of Richmond unit head
Keynote speaker highlights dangers of group-think
This whitepaper reviews the fundamental changes of Liquidity Risk Management under Basel III. It discusses how institutions can meet the regulatory requirements on liquidity risk management by enhancing their liquidity risk analytics, funds transfer pricing methodologies, liquidity stress testing frameworks, and enterprise risk management platforms.