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.
Automated payments system increases OTC transparency
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Lotfi Baccouche
PROFILE
So long, silos
ENTERPRISE RISK MANAGEMENT
Outsourcing is long-term loss for short-term gain, says study
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It takes two
In the March 2007 edition of OpRisk & Compliance, Glenn Christensen of Synovus outlined the first part of his firm's two-pronged enterprise risk management methodology. Here, he describes thesecond part, and has some new findings and techniques to share
The top 10
OpRisk & Compliance outlines the top 10 challenges readers and their firms will face in 2008. By David Benyon, with additional reporting by Ellen Davis
The time is now
Now is the time for all good insurers to start preparing for Solvency II. Victoria Pennington explains what the new capital requirements for insurers will involve, and assesses the market's readiness for their implementation in 2012
The convenient untruth
SPONSORED STATEMENT
FSA finds room for improvement in op risk practices
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Optial launches business intelligence module for op risk
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The bigger picture
In 2003, rating agencies considered operational risk as a separate risk category, but quantification problems have prompted them to take an integrated, enterprise risk management approach.
The online frontier
2007 has been a year of online activism and banks have paid the price. Is there an emerging reputational risk threat posed by bloggers and discussion forums? Peter Madigan investigates
Mario Mosse
Volunteer work
Does Basel II add up?
Are there inconsistencies in the standardised and advanced measurement approaches of the Basel II regulatory framework? Andreas Jobst considers the evidence