Operational risk
WHAT IS THIS? Operational risks are those arising from people, processes and systems – the biggest form of exposure for many industries, but one that was neglected by financial firms until the collapse of Barings Bank in 1995. It was added to the Basel capital framework in 2004, but attempts to model operational risk were dealt a heavy blow by the huge, unforeseen losses suffered by banks in the aftermath of the financial crisis.
FSA officially scraps op risk systems and controls
The UK's Financial Services Authority (FSA) has officially announced that it is putting the implementation of 'SYSC 3A - Operational Risk', part of the 'Prudential Sourcebook', on ice.
UK FSA calls off 'Systems and Controls', industry irate
The UK's Financial Services Authority announced at the September meeting of the Operational Risk Standing Group (ORSG) that it would be delaying, until further notice, the implementation of the Prudential Sourcebook text for 'systems and controls'.
Banks rush to protect op risk process
Front Page News
Losses and lawsuits
Loss database
Basel II praised for ERM framework
Management intelligence
Isda focuses on settlement
Management intelligence
Briefs
Management intelligence
Changing hats
Management intelligence
Managing hedge funds' op risks
Hedge funds op risk analysis
The holistic approach to operational risk management
Holistic op risk practitioner's corner
Managing hedge funds’ exposure to op risks
Hedge funds op risk analysis
Losses and lawsuits
Loss database
Check 21 adoption 'will be slow'
Management intelligence
Clearing and settlement group holds first meeting
Management intelligence
BITS develops security risk calculator
Management intelligence
US Congressman calls for op risk redraft
A Congressman and members of the banking industry lambasted the operational risk capital charge in Basel II at a fresh set of hearings, The New Basel Accord: Private Sector Perspective, held in the House of Representatives' Financial Services Committee…
Deutsche appoints new head of operational risk
Deutsche Bank has internally appointed Christian Sewing as global head of operational risk management (ORM), replacing Fred Peemoeller.
SIA cautions on securities settlement
Management intelligence
Losses and lawsuits
Loss database
Briefs
Management intelligence
Isda reports faster credit derivatives processing
Management intelligence
Op risk insurance thinking hots up
Management intelligence
Leeson warns on new op risk failures
Management intelligence
Asset managers ready to attack regulatory
Special focus: Asset management