Range of practice in operational risk measurement

Rocky path to convergence

Marcelo Cruz

It is common in risk management industry gatherings to hear that operational risk measurement as a discipline is still in its early stages. This is to a certain point to be expected since Basel II was signed only eight years ago and has still not even been officially implemented in the US. However, compared with market and credit risks it is taking considerably longer for operational risk measurement to take off as a mature discipline.

As a comparison, in market risk the first value-at-risk

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Investment banks: the future of risk control

This Risk.net survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control

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