Risk management/Operational risk
In the line of fire
In the global fight against money laundering, financial institutions are developing various hi-tech weapons. Peter Madigan reports
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
Op risk can learn from Berlin's renaissance
I was in Berlin in June at a conference on business processes. Now, some people might think this is probably not how they would choose to spend their time. But the event was something of a revelation to me.
New report blames op risk failures for sub-prime meltdown
Op risk: a culprit in sub-prime mortgage crisis
Future options
Operational risk derivatives have been touted for a few years now, but interest in them moves in waves. The current tide is high, however. Duncan Wood tests the water
Defining the boundaries
PROFILE: HIM CHUAN LIM
The principles of distribution fitting
TECHNICAL
What to do with the treasure we've found?
This month, I've quite literally been around the world checking on the state of the operational risk industry. From my base in London, I've been to our conferences in both Singapore and New York.
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
From small acorns...
In the third of a series, Eric Holmquist considers some practical steps to building a better risk culture
Dealing with the rise of Web 2.0
The rise of Web 2.0 may seem in some ways to be a subject rather remote to the normal concerns of an op risk or compliance executive.
Untangling the risk information knot
In a new OpRisk & Compliance Intelligence survey, sponsored by BearingPoint Management & Technology Consultants, data issues rank high on the risk executive's list of problems. Can Web 2.0 change the face of risk information collection?
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
Profile: Joe Sabatini and the rules of engagement
The guiding principles of Basel II are now shrouded in mists of regulatory detail, says JP Morgan's Joe Sabatini. He tells Duncan Wood op risk managers must now look beyond mere compliance, and focus on adding value to their firms
Changing culture
In the second of a series, Eric Holmquist considers some specific goals in trying to establish a risk culture
Keeping pace with a changing industry
Welcome to the 'new look' OpRisk & Compliance magazine. As many of our long-time readers will know, OpRisk & Compliance has come a long way over the past few years – we are working hard to keep up with the rapid evolution of the disciplines of…
Harnessing our differences
In the first of a series, Eric Holmquist considers the characteristics, challenges and opportunities in developing a risk culture
Global warming: a new risk for firms
MANAGEMENT