Operational risk capital
Inclusion of legal losses in op risk databases has banks fretting
Banks worry Basel rules requiring legal events to be included in operational risk databases earlier might mean the information is used against them in legal proceedings
BBVA given deadline to improve AMA model
BBVA has been given until December 2011 to make improvements to its AMA model by the Bank of Spain, or will not obtain the capital savings the AMA allows
New op risk system patent, using Bayesian networks, awarded to IBM
Patent project spearheaded by Jonathan Rosenoer is one of a very few op risk system patents to be awarded
A simple formula for operational risk capital
A new formula from the Japanese FSA allows a straightforward and risk-sensitive calculation of capital levels, which could mean many banks increasing their AMA capital holdings
Inconsistent regulations delaying AMA rollouts globally, banks say
Pillar II is causing banks to face challenges from host regulators
Understanding the hidden risk of Solvency II
The hidden risk
Modelling operational risk under Solvency II
Fits and starts
Eiopa: Internal models beneficial under Solvency II
Eiopa: Internal models beneficial under Solvency II
Sponsored webinar: Meeting the Solvency II operational risk challenge
Solvency II introduces a new EU-wide regulatory approach to determine capital adequacy for meeting an insurer’s true risks. Due to come into force in 2012, Solvency II promises a more sophisticated ‘risk-based’ form of supervision that will require many…
Apra QIS shows operational risk capital to increase for insurance firms
Australian Prudential Regulation Authority says industry not ready to model for operational risk capital rules
Why funding liquidity risk deserves a place at the risk table
A place at the table
Australian supers build up op risk reserves
Super plans
Basel provides guidance on the use of insurance as a mitigant
Insurance covered
Op risk appetite: Do firms have a balanced diet?
A balanced diet?
Solvency II: op risk standard approach capital too high under QIS5, says UK insurer
Questions remain on the calibration of capital requirements for operational risk under Solvency II's standard formula.
MAS ups DBS's op risk capital number
DBS censured by Singapore regulator for IT outage, required to hold more op risk capital
OpRisk Europe: The slow drive for change
Speakers at OpRisk Europe agreed that, while change in op risk legislation and capital calculation is necessary, it needs to be undertaken slowly and carefully
Consortiums look beyond historical loss data
The financial crisis has shown historical loss data is not enough to help model and predict future op risk events, so some loss data consortiums are looking to include features such as scenario analysis results in their databases
Cebs updates op risk compendium; internal governance guide coming
Updated op risk compendium contains guidelines on op risk mitigation; internal governance guidelines on the way
Review imposes op risk capital charge on non-bank lenders
Mortgage lenders must hold capital for operational risk
Aussie insurers face new risk-based capital requirements
New explicit requirement for operational risk capital proposed for life and general insurance firms in Australia.