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.
Operational Risk Conference Preview > Experts to speak on evolution and challenges of op risk
Risk magazine and Operational Risk are holding their sixth annual Operational Risk conferences in London and New York in March. The events are designed to provide delegates with insights into the latest techniques for managing and quantifying operational…
Losses and lawsuits
Loss Database
Survey shows broadening mandate of op risk managers
Implementation Outlook
US bank associations focus on best practices compliance
Implementation Outlook
NAB postpones trading losses report, speaks to USSEC
Implementation Outlook
New KRI project kicked off by ABA Risk managers on the move ahead of AMA roll-outs
Implementation Outlook
Major op risk software providers grow at expense of smaller rivals
Sales of operational risk solutions seem to be on the rise, but it is established vendors who are seeing deals close. Many small or new software houses in the op risk space seem still to be experiencing a lull in sales.
Aon warns of political risk in lucrative emerging markets
Implementation outlook
Losses and lawsuits
Loss database
Mitsubishi implements Portia
Technology
BITS publishes aggregation guidelines
Technology
Technology briefs
Technology briefs
Understand qualitative aspects of operational risk first, says DTCC
Implementation Outlook
UK's FSA reforms ORIAG as ORSG
The UK's Financial Services Authority (FSA) has reformed its Operational Risk Implementation Advisory Group (ORIAG) as the Operational Risk Standing Group (ORSG), after deciding to disband ORIAG in the fourth quarter of 2003. The group is being chaired…
Op risk systems come to the fore
Operational risk came to the fore in 2003. Major software suppliers such as SunGard and SAS entered the market through partnerships with or acquisition of early entrant developers, while a number of established trading and risk management systems…
Sponsor's article > Banks look for savings with ORM
Operational risk management (ORM) is now under the spotlight with banks realising that there are savings to be made, according to a recent survey by SunGard Trading and Risk Systems. SunGard also found that Basel II is a significant driver for ORM…
Basel II to help community banks manage op risk
Cover story
Technology briefs
Technology
Isda calls for trade automation
Implementation Outlook
No industry consensus on op risk spending for 2004
Spending on operational risk management software looks set to grow in 2004 compared with last year, but will not reach its peak for another year or two.