Operational risk data
Op risk losses reach lowest point in two years in October
The top losses for October from SAS Software and the US's losses in Q1 2011 from the ABA Operational Loss Data Sharing Consortium
Basel Committee's Sigor to undertake review of operational risk regulatory framework
Wide-ranging review seeks to raise operational risk capital and overhaul the basic indicator and standardised approaches
Top 100 banks: regulators tighten their grip
Capital counts
ABI redundancies in the face of Solvency II
Shake-up will also entail "resourcing-up" Oric to help members prepare for internal op risk modelling
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
OECD calls for greater access to data and increased risk modelling for regulators
The OECD highlights a lack of access to data and a need for varying risk models for regulators and risk managers
Types of operational risk loss by event, May 2009 to May 2011
Internal fraud causes higher losses than any other type
Oric and ORX in talks regarding possible merger
Oric and ORX have been in talks for more than a year regarding a possible merger of their operational risk data platforms
Only 15% of financial institutions have management information resources in place
Firms do not have MI risk programmes in place to deal with upcoming regulations, according to a report by think-tank JWG
Types of operational risk loss by event, February 2009 to February 2011
Types of operational risk loss by event, February 2009 to February 2011
Types of operational risk loss by event, January 2009 to January 2011
More losses from within the ‘Clients, products and business practices’ category
ORR Innovation Awards 2011: Paper of the Year
Vittorio Vecchione, Alessandra Agostini and Paolo Talamo
Insurers unsure how to model operational risk
Insurers unsure how to model operational risk
Operational Risk & Regulation data, November 2010
Analysis of operational risk loss events
Dipo conference: Loss-data consortiums switch focus from quantity to quality
Quality over quantity
Demands on loss consortia changing, says BBA and consultancy
British Bankers' Association launches co-operative effort with RiskBusiness
Op risk responsibility: The buck stops with everyone
A problem shared...
Study sheds light on why and how op risk errors happen
The ways of our errors
ORX surveys finds scenarios are thriving
The Operational Risk Data Exchange (ORX) recently surveyed its members about their use of scenarios in managing operational risk, and discovered firms attribute considerable value to the process
Penny Cagan leaves Algo First for Citi
In a surprise move, First database founder Penny Cagan departs Algorithmics.