In this paper, a structural model is presented for estimating losses associated with the mis-selling of retail banking products. It is the first paper to consider factor-based modeling for this operational/conduct risk scenario.
‘Advanced persistent threat’ attacks threaten wholesale payment networks
Credit Suisse, US Bank and others to showcase results in March; no update on Digital Asset and JP Morgan project
‘Vague’ anti-manipulation standards a source of frustration for energy firms
Operational risk and the three lines of defence in UK financial institutions: is three really the magic number?
This paper examines the three lines of defence in the context of ORM in UK financial institutions.
Higher volatility of loan loss provisioning will complicate financial planning and hit capital
The authors propose a method to consider business cycles in the computation of capital for operational risk.
Megan van Ooyen from SAS rounds up the top five operational risk losses for January 2017
Dealers could face cash calls to recapitalise an ailing CCP that suffers a critical non-default loss under FSB proposals
Aggregation of conduct risk losses is recommended practice, but it can seriously distort capital calculations
Clarity on model inputs may have averted Brexit chaos, FCMs claim
Analytics are considered key to cyber risk management
Rise in geopolitical turmoil drives other risk factors, suggests a network analysis of 2017's survey
This paper proposes a methodology applied to complex systems to analyze operational risk events in Australian banks.
Customers face more responsibility for understanding dealing terms and more measures may be needed, sources say
Risk.net presents the top 10 operational risks of 2017, as chosen by risk practitioners
This year's Top 10 Operational Risks survey highlights sharp rise in geopolitical risk following Brexit and Trump election
Incidents such as the London Whale losses show an overhaul of model validation should be welcomed, not maligned
Legal settlements with US regulators dominate the year's biggest operational risk charges
Former traders were indicted by the DoJ for the same offences
Allowing seemingly irrelevant problems to fester can lead to catastrophe
Megan van Ooyen from SAS rounds up the top five operational risk losses for December 2016
Accused UK-based traders face maximum 10 years in prison and $1m in fines
Network study shows bottom-line impact of bad news elsewhere