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Operational risk

Operational VAR: meaningful means

Making the assumption that the distribution of operational loss severity has finite mean, Klaus Böcker and Jacob Sprittulla suggest a refined version of the analytical operational value-at-risk theorem derived in Böcker & Klüppelberg (2005), which…

Operational risk at a crossroads

Just where is operational risk going? This is the question that, in one form or another, seems to be dropping from the lips of most executives in the field these days. People are clearly worried.

Continuity is the key

Firms do not seem to be taking business continuity planning as seriously as they should, or indeed even as much as they have done in the past. By Ellen Davis

A feast of futures

Associated British Foods is significantly exposed to commodity price fluctuations. Anna Gordon-Walker asks the company's finance team how it manages these diverse risks

S&P gets responsible

Standard & Poor’s and its Indian affiliate CRISIL are to head a consortium that will develop the first index of emerging market companies based on their environmental, social and corporate governance (ESG) performance.

Equiduct Challenges Project Boat

LONDON—Although Project Boat has been recently hailed as the answer to one of the key Mifid reforms to come on Nov. 1, 2007, the initiative is facing challenges from the newly created Equiduct as well as from other exchanges mulling their own offers.

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