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.
Japan crisis proves value of multivariate scenarios
Japan shows value of multivariate scenarios
Eiopa: Internal models beneficial under Solvency II
Eiopa: Internal models beneficial under Solvency II
OpRisk North America: ‘Nasty’ new regulation threatens foreign banks in the US
The Foreign Account Tax Compliance Act expected to impact on the systems and operations both of US and foreign firms
OpRisk North America: Moving OTC trades onto CCPs will increase op risks
Moving OTC trades onto CCPs will increase op risks
OpRisk North America: US foreclosure crisis highlights boundary risks
US foreclosure crisis highlights boundary risks
BoJ’s Miyao pledges continuity of settlements system during planned blackouts
Bank of Japan Policy Board member Ryuzo Miyao says in-house power generation at central bank branches would support settlements systems ahead of planned power shortages
OpRisk North America: Dodd-Frank clouds Basel III implementation
Requirement to remove credit ratings causing a headache for regulators
A dynamical approach to operational risk measurement
Research Papers
Accounting and risk management: the need for integration
Research Papers
ORR Innovation Awards 2011: Bank of the Year
National Australia Bank
ORR Innovation Awards 2011: Central Bank of the Year
Bank of Canada
Put your hands together
Put your hands together
ORR Innovation Awards 2011: Regulator of the Year
Marco Moscadelli, Bank of Italy
ORR Innovation Awards 2011: Product of the Year
Wolters Kluwer Financial Services’ ARC Logics for Financial Services
ORR Innovation Awards 2011: Manager of the Year
Giulio Mignola, Intesa Sanpaolo
Business continuity relies on adaptabilty amid civil unrest
Ready for anything
The ORR Innovation Awards 2011
ORR recognises those in the operational risk management profession who are working to ensure op risk keeps developing, and that it stays high on management’s agenda
Algorithmics patents operational risk capital modelling framework
Algos patents operational risk capital modelling framework
Vote for the top op risk software vendor
Cast your vote for the top vendor in a variety of operational risk management categories
Moody’s guidelines on op risk in structured finance transactions imminent
Moody’s rating guidelines for operational risk imminent
Op risk managers struggle to be heard
UK FSA says more training necessary to fill op risk gaps