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Loss data

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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

It's all relative

The Operational Risk Consortium recently carried out an analysis of its growing database of operational losses in the insurance business. It found evidence of the need for scaling, which suggests no firm's losses should be viewed in isolation. Mariano…

The data puddle challenge

The loss event taxonomies currently in use are inadequate. The worst problem is the lack of clarity with regard to the boundary conditions between risk event categories. Tara McLenaghen explores the issues

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A question of discipline

Op risk is showing signs of maturing, although there is still much work to be done. So delivering value to the business continues to be a substantial challenge, according to a new survey

Harvesting loss data

Although often the core of Basel II models, loss event data is usually less robust than op risk executives would like. Peter Madigan explores the challenges around collection, clearing and enrichment

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Event horizon

Rick Cech takes a second look at what makes up operational risk event types, and asks if there is a more advanced way to define them

Sponsor's article > SunGard to rise again

SunGard, the 900-pound gorilla of the financial sector software market, has been strangely absent from the operational risk software arena so far, according to both financial and technology industry executives. Now, however, that looks set to possibly…

Bank of Italy official posts op risk paper

In mid-July, an official from the Bank of Italy posted a paper, The modelling of operational risk: experience with the analysis of the data collected by the Basel Committee, which is beginning to garner attention in international op risk circles.

Bank of Italy official posts op risk paper

In mid-July, an official from the Bank of Italy posted a paper, The modelling of operational risk: experience with the analysis of the data collected by the Basel Committee, which is beginning to garner attention in international op risk circles.

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