New supervisory guidance will make business heads responsible for risk management
Data and technology will help risk managers improve risk-adjusted returns
CCPs and clearing members both unhappy with proposed allocation of non-default losses
Outgoing head to be replaced by chief controls officer at the UK bank’s group service company
Bridging networks, systems and controls frameworks for cybersecurity curriculums and standards development
This paper proposes a risk management framework designed to facilitate the alignment, integration and streamlining of professional practice standards and computer science/cybersecurity educational curriculums by bridging NPNATFs, SNIFs and RMCPFs.
In this paper, the authors study tail dependence by defining the conditions required for all the methods used to perform and to quantify their efficiency and accuracy.
OpRisk North America: non-US banks holding less capital under own-models approach was “a big problem”, says regulator
OpRisk North America: banks wary of growth in ‘internet of things’
OpRisk North America: clusters of risks cause problems for Uniper
OpRisk North America: current policies make it difficult to share information on cyber attacks
OpRisk North America: Information security increasingly seen as risk management function
OpRisk North America: Fed’s annual stress tests are rehabilitating ‘black box’ op risk modelling
OpRisk North America: Swiss bank has taken action to prevent a repeat of costly missteps
OpRisk North America: Cyber risk models should aim for accuracy, not precision
OpRisk North America: Rise in cyber fraud prompts US regulator to reassess guidance to examiners
Also: UK credit card mis-selling; Italy crypto loss; LendingClub class action settlement. Data by ORX News
Risk chief sets about bolstering CCIL’s risk modelling, lookback periods, and portfolio compression
Webinar: Nasdaq BWise
Lobbyists say handling of ABLV shows flaws in EC’s pre-resolution stay concept
In this paper, the authors propose a method of allocating operational risk regulatory capital using a closed-form Shapley method, applicable to a large number of business units (BUs).
From gender discrimination to the next PPI, a veteran manager looks at forthcoming potential op risks