Remote working vastly complicates the job of conduct risk supervisors
Remote working elevates fears of data theft, misuse and abuse
Pandemic and shift to cloud computing inflame concerns for banks and regulators
Changes in working practices since Covid shift angle of criminal attack on financial institutions
The biggest op risks for the year ahead, as chosen by senior industry practitioners
Industry survives biggest real-world stress test, but challenges remain for firms and regulators
Integrity of core systems paramount as risk managers battle outages and hacks in work from home era
Measurement of operational risk regulatory capital in the banking sector: developed countries versus emerging markets
This paper addresses operational risk as a fundamental risk type faced by banks in emerging and developed economies.
This paper considers the learning points from official third-party reports produced in the wake of supervisory failures that can be applied to the management of front-line bank supervisors.
Regulatory arbitrage in the use of insurance in the new standardized approach for operational risk capital
Basel’s new standardized approach (SA) for operational risk capital may allow for regulatory arbitrage through the use of insurance. Under the SA, banks will likely have an incentive to insure recurring losses. Such insurance can meaningfully reduce…
Op RWA relief offset increases due to credit, market risk
Also: Wells Fargo fee fight; Nasdaq queers Emir reg; Covid keeps AML fines in line. Data by ORX News
Critical variables in the implementation of a risk-based internal audit: a theoretical and empirical investigation of Greek companies
This paper investigates the critical variables for the implementation of RBIA in Greek companies and examines the relationship between the above variables and RBIA implementation using data collected by 105 internal auditors, external auditors, directors…
Buy-side use of average pricing contributed to rash of failed trades and give-ups last March
Flexible checks and balances at bank's asset management arm kept risks within tolerance
Risk Awards 2021: bank avoided tech snags and margin call surprises that plagued peers during crisis
Risk Awards 2021: new analytics dash helped bank get ahead of op risk breaches during Covid crisis
This introduction to the Journal of Operational Risk special issue shines a light on the relationship between financial fraud risks and financial stability.
Financial fraud and fat fingers loom large, but annual top 10 op risk losses still show fewer fails. Data by ORX News
Appointment follows departure of Bakhshi to CRO role at LSEG
Also: Retro Russian embezzlement fines; Barclays slapped for lack of forbearance. Data by ORX News
The authors investigate the financial structure of Jet Airways, with the aim of understanding whether financial turbulence for an airline company can constitute an antecedent for predicting the risk of bankruptcy.
When we examine what’s required of them, do risk committees hold water, asks ex-SEC risk oversight chief
Advanced measurement approach is the preserve of large banks