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...
This white paper looks at the heavy impact of regulation on investment managers, the mitigation of outsourcing risk, inefficiencies in corporate actions processing and the growing importance of collateral management.
More Operational risk articles
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
Defining reputational risk still a challenge for risk managers, panel says
Hermes has partnered with private equity company Northern Lights Capital Group to create an acceleration capital fund. Its first investment is in a credit long/short fund run by US-based Taurasi
International definitions of banks' trading book and banking book still woolly, keynote speaker Charles Taylor tells conference
Banks must repair relationships with regulators, Scanlon says
Banks need to implement resolution planning throughout their framework, regulator tells convention
Staff at the Bank of England were ill-equipped to deal with the crisis because they weren't working together, UK regulator tells convention
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.