Risk management/Operational risk
Outsourcing risk: a separate operational risk category?
This paper identifies three steps in sourcing risk.
How cultural 'bleed' across banks could reinforce op risks
Common cultural practices may span the divides between financial institutions – promoting common operational risks
Op risk's role in change management is crucial – MUFG
Managers should be more confident challenging new processes
Sovereign wealth fund interns cost BNY Mellon nearly $15m
Custodians should retrain HR in foreign bribery rules as SEC threatens further action
Business continuity tops the risk list for Options Clearing Corp
CRO explains how disasters have shaped his priorities
Change to broken benchmarks ‘years away’
No significant benchmark reforms likely until regulators take the lead
Zurich Asia CEO calls for greater focus on cyber risk
Complacency still prevalent among companies in Asia
Managing data still biggest technology challenge for Asia banks
Data has been a problem for the past two decades for firms in the region
Monitoring IT operational risks across US capital markets
This paper suggests an approach for assessing IT risk through an incident-based method for monitoring operational IT risk across an extended enterprise based on the ISACA Risk IT framework.
Santander op risk head aims to "get off bottom rung" after CCAR fail
Bank fell short this year on qualitative op risk governance issues
Highlights from OpRisk Europe conference 2015
Exclusive coverage of London event
HSBC op risk team "were not delivering full value", Cooke says
Overhaul focused on simplifying op risk management
Business side must be challenged on risk reports, conference hears
Frontline business may avoid addressing major risks
Live coverage: OpRisk Europe conference 2015 – Day 2
Highlights from London event
GE Capital's Sabath describes '1.2 line of defence' model
Risk review and challenge belongs on the front line, conference hears
Sound corporate governance at the heart of op risk – French regulator
Thomas Friang sets out vulnerabilities of financial institutions at OpRisk Europe
Longevity risk transfer: Amy Kessler Q&A
Sponsored video: Prudential
Bayesian operational risk models
This paper proposes a methodology to frame risk self-assessment data into suitable prior distributions that can produce posterior distributions from which accurate operational risk measures.
A simple, transparent and rational weighting approach to combining different operational risk data sources
The authors propose a generic weighting function based on a nonparametric approach that can be used to weight the different distributions.
Scaling operational loss data and its systemic risk implications
A scaling methodology to include external data in operational risk calculation is introduced
Hirani, Masters and Wilson apply bitcoin to settlement risk
Derivatives market pioneers co-opt bitcoin tech in bid to transform mainstream markets
Q&A: Business veteran Nesbitt on sharing risk management burden
New head of Canada's risk institute says risk management benefits from multiple actors