Operational Risk: The Last Frontier


According to a report on operational risk released by The Basle Committee of the Bank for International Settlements (BIS), banks are experimenting with methods to quantify operational risk (RMO, November 30, 1998). The BIS report says all banks are enhancing internal controls and audits to mitigate operational losses.

BIS also issued a framework of guidelines for supervisory evaluation of internal controls (RMO, January 26, 1998).

Software vendors have also begun developing models to quantify

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Next-generation technologies and the future of trading

At a Risk.net webinar in association with capital markets technology provider Numerix, panellists discuss the potential for increased adoption of the public cloud to boost investment performance, its impact on risk management and overcoming barriers to…

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