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Operational risk

Credit and credibility

Credit risk modellers have made giant strides, but they still have to convince regulators that they can make the world a safer place.

ORX database expected early next year

LONDON - The operational risk loss database run by the Operational Riskdata eXchange Association (ORX), a consortium formed by 12 international banks to pool their op risk data confidentially, is expected to begin operating around the start of February,…

Small firms welcome EU proposals

BRUSSELS - European investment firms welcomed the European Commission's decision to create a special regime for them in terms of the operational risk provisions of proposed new capital adequacy rules, according to trade bodies representing the firms.

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