Operational risk
QFII clients face op risk challenges as China sticks to manual processes
A lack of automation in China poses post-trade processing headache for QFII clients
An operational model
Scarce and shallow loss data has been the bane of operational risk models historically, but a new paper calls for more work on statistical approaches that could improve their sensitivity. By Peter Madigan
Make it personal
Operational risk managers need to do more than merely collating and analysing loss data, they need to add value by working towards the firm's business objectives. This can be achieved using stress testing and scenario analysis, which add a human element…
The weight of blame
The public's perception of banks has hit rock bottom, and politicians have pounced on the opportunity provided by the crisis to increase their own popularity. So banks face not only loss of business but also increased regulation.
Land of giants
Canada's banking community comprises a small group of very large banks. Working together, and with their sole, principles-focused regulators, this tightly-knit, risk averse group has avoided the worst of the financial crisis and taken internal op risk…
All in his stride
Hamish Lock had to hit the ground running when he became head of op risk at Bank of Montreal just over a year ago. But taking on a new risk role amid a global financial crisis hasn't fazed him, and he is already well on the way towards achieving his new…
