Belgian companies club together for op risk guide

Five Belgian financial services providers have partnered with PricewaterhouseCoopers to release a set of guidelines for measuring operational risk management.

Operational risk has become increasingly important in the financial sector as the internal ratings-based system comes into common usage under the Basel II regulations. Under this approach, a bank can use its internal system to rate the operational risk attached to clients. In addition, financial institutions can choose a standardised or advanced measurement approach to operational risk management.

The five companies involved in the product, called TransConstellation, are Banksys, Euroclear, Fin-Force, Swift and the Bank of New York’s Brussels office. The guidelines divide each of the eight factors into three levels - foundation, intermediate and best practice - and provide advice on improvements.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here