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.
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
Super plans
Super plans
Banks seek a single op risk software solution
All for one
UK regulator to get 'intensive and intrusive' on product governance processes
UK FSA to get ‘intensive and intrusive’ on products
Goldman Sachs airs risk laundry, publishes report on operations review
Goldman Sachs report airs dirty risk laundry
Job-seeking op risk managers have all the power, say recruiters
Staff with the relevant experience face a wealth of choices and higher wages says Barclay Simpson
US oil spill report recommends risk management changes
Presidential commission suggests reforms to address oil sector risk management after BP Gulf of Mexico spill investigation
Why funding liquidity risk deserves a place at the risk table
A place at the table
Building operational risk awareness
ORM for the masses
Munich Re: Using insurance to transfer op risk
Better together
Australian supers build up op risk reserves
Super plans
Operational infrastructure at hedge funds comes under closer scrutiny
Behind the facade
Changing Hats, January 2011
Changing Hats
Sigor's new sound practices paper says boards must set tone at the top
Sigor releases revamped sound practices paper
Operational Risk & Regulation 2012 Innovation Awards
Operational Risk & Regulation magazine will publish its annual awards in March. Find out how to enter here
Corruption dubbed most pervasive op risk for 2011
Control Risks report highlights the impact of the UK Bribery Act on operational risk management
Sound Practices paper updated by Sigor
Long-awaited redrafted paper on Sound Practices for Operational Risk Management released for consultation by Sigor.
Marco Moscadelli: The Bank of Italy man
After 20 years at Italy’s central bank, Marco Moscadelli knows his country’s banking industry well. But this hasn’t narrowed his focus, and pivotal roles on European supervisory bodies have also given him a say on how the operational risk is approached…
Shining a light on the flash crash
Flash cordons