Operating in an ever more complex and risky operational environment, financial companies around the world now face an unprecedented array of challenges.
Few regulators are taking operational risk seriously, says Mike Finlay, chief executive of RiskBusiness
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.
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Simple, singular scenarios don't provide enough insight says RiskBusiness's Finlay
A strong theme emerging from this year’s loss-data consortium conference hosted by Italian consortium Dipo was that loss-data collectors are more interested in improving the usefulness of their data than merely increasing its volume
British Bankers' Association launches co-operative effort with RiskBusiness
The financial crisis has shown historical loss data is not enough to help model and predict future op risk events, so some loss data consortiums are looking to include features such as scenario analysis results in their databases
LONDON – In his first Mansion House speech, on June 16, UK Chancellor of the Exchequer George Osborne confirmed what many in the City have expected for months – that he will abolish the Financial Services Authority (FSA) and put responsibility for...
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
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