Key risk indicators (KRIs)
Op risk appetite: Do firms have a balanced diet?
A balanced diet?
Op risk responsibility: The buck stops with everyone
A problem shared...
Natural selection -- Software rankings
This year’s OR&R software survey shows that not only is operational risk management expanding way beyond its initial remit, but governance, risk and compliance is also establishing itself as a firm favourite among those looking to weather recent market…
Winning hearts
Embedding op risk
RMA switches emphasis to traditional products
Measurement
Algorithmics, RMA and RiskBusiness unite op risk resources
Daily news headlines
The bigger picture
In 2003, rating agencies considered operational risk as a separate risk category, but quantification problems have prompted them to take an integrated, enterprise risk management approach.
Mario Mosse
Volunteer work
A calculated approach
Operational risk economic capital calculation is high on the agenda - at last. So who is using it, and why? A new OR&C Intelligence survey investigates
The data puddle challenge
The loss event taxonomies currently in use are inadequate. The worst problem is the lack of clarity with regard to the boundary conditions between risk event categories. Tara McLenaghen explores the issues
Risk information: science or art?
Industry experts gathered for a roundtable discussion in New York at the end of May to debate the ways firms acquire and use information about risks. Moderated by Ellen Davis
The trouble with GRC
Governance, risk and compliance is posing thorny challenges for many executives
RMA announces KRI monitoring service
Daily news headlines
Room for improvement
Sungard tops our survey of software vendors, its products proving a hit across the op risk and compliance spectrum. But op risk executives continue to demand more from the software industry, reports Dianne See Morrison
KRIs: that difficult age
Key risk indicators (KRIs) were once the golden child of operational risk, but they are now in the midst of a turbulent adolescence. Peter Madigan asks whether KRIs will start to grow up in the next couple of years
A question of discipline
Op risk is showing signs of maturing, although there is still much work to be done. So delivering value to the business continues to be a substantial challenge, according to a new survey
Two heads are better than one
Glenn Christensen of Synovus Financial Corp. introduces an enterprise risk management strategy known as the Bifurcated ERM Methodology
Six can fix it
Op risk executives get visibly animated when discussing the subject of Six Sigma, but not many are taking advantage of it. Ellen Davis asks why
Quantifying operational risk using expert opinions
KEY RISK INDICATORS
Towards a practical capital model
Existing models for calculating and allocating capital for operational risk fail to achieve their goals. Richard Pike proposes a mixture of such approaches to attain a practical capital framework
Baseline's Basel II solution completes development stage
Baseline Capital Limited has announced completion of the development stage of its Basel II data pool solution.
Sponsor's Article > A difference in kind
Tracking key risk indicators is emerging as a central aspect of best practice for operational risk management. Defining these indicators and establishing benchmarks for them, however, is a complex task. David Rowe discusses an industry initiative that…
Industry KRI study takes off
PHILADELPHIA - A new financial industry initiative to study and define key risk indicators (KRIs) is gathering momentum. The results of the first stage of the process and the simultaneous launch of the second phase were announced in late October.
Banks behind in op risk systems implementation
Bank operational risk measurement and management frameworks are not yet being used to drive business decision-making at most firms, according to a new survey by PA Consulting, an international financial services consulting firm.