Risk management/Operational risk
StanChart's Cherriman harnesses people power
Andrew Cherriman, head of operational risk management for wholesale banking at Standard Chartered Bank in Singapore, says his ability to rely on expert staff is the key to operating a sound risk management system across the bank’s many jurisdictions.
Defining liquidity risk
When will firms start realising that liquidity risk contains operational risk? David Benyon argues that companies ignore this link at their peril, and looks towards a more all-encompassing approach to its management
Risk management: how to prepare for the next crisis
Nigel Milbank believes one of the causes of the recent financial crisis was risk professionals’ failure to persuade their organisations of the importance of risk management. Here, he outlines 10 ways to get people on board the risk train and to better…
Reality bites
Op risk management no longer sits solely in the theoretical space, and has been brought down to earth with a thud. Patrick de Fontnouvelle of the Federal Reserve Bank of Boston predicts 2010 will be a year of focusing on the practicalities of…
Dutch banks take a new look at risk
Dutch banks were considered to be among the best and safest in the world, but now they are reducing their global presence and concentrating primarily on their home market. Boris Agranovich looks at what went wrong and at the local risk management…
Active risk control
Richard Bibb explores the pitfalls of value-at-risk statistics and explains how they can be interpreted and incorporated into a meaningful risk management strategy
Can reputational risk be measured
Reputational risk will often come hand in hand with operational risk, but it has yet to be taken as seriously, if it is even considered at all. David Benyon finds out why, and asks what might be done to resolve this situation
Coming of age
$urendra Naidoo, risk management director and group head of operational risk at Standard Bank, believes the operational risk function can claim success when the firm’s business managers are educated to the level where they manage op risk themselves
Brazil: Risk managers in demand for fast growing financial sector
Risk management is increasingly coming to the fore in Brazil’s newly booming banking sector. Operational risk managers with good experience are therefore suddenly in demand, with above-average remuneration available for those up to the task
The top 2010 risks: OpRisk's survey of the challenges ahead
The year ahead looks set to be one of the busiest ever for operational risk practitioners, as they struggle to meet regulators’ increased expectations and fight rising financial crime with fewer resources. OpRisk & Compliance outlines the top 10…
US: Operational risk managers face merger challenges
The operational risk function might not have a say in a firm’s strategic merger plans, but it can prepare it for the risks involved in the union. David Benyon discusses the operational risk manager’s role as adviser to newly married fims, and presents a…