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.
Debating RCSAs
Four of the industry's top op risk executives debated risk control self-assessments at a recent briefing in London, moderated by Ellen Davis and sponsored by software vendor Reveleus
Looking into the crystal ball
Eric Holmquist presents some observations on the trends in ORM, and offers predictions on what to expect in 2007 and beyond
The advancing tide of rationalisation
Rationalisation, rationalisation, rationalisation. There is no denying it, this is the major theme in operational risk in the US at the moment, and it is a trend that is spreading to Europe as well.
Academics to revise Thomson report
MANAGEMENT
TCF implementation still has a way to go
MANAGEMENT
A question of connectivity
BUSINESS PROCESS MANAGEMENT
Operational risk at a crossroads
Just where is operational risk going? This is the question that, in one form or another, seems to be dropping from the lips of most executives in the field these days. People are clearly worried.
Continuity is the key
Firms do not seem to be taking business continuity planning as seriously as they should, or indeed even as much as they have done in the past. By Ellen Davis
Hidden dangers
Do op risk managers still care about the impact of reputational risk? Possibly not, reports Peter Madigan
Surprising success, new risks
Are HEDGE funds liable to become the next operational risk and compliance crisis? This is the question that regulators, investors and other market participants around the world are asking themselves in the wake of yet another prominent hedge fund…
Spreadsheets: a tool you can trust?
For more than two decades, spreadsheets have been the tool of choice for financial services firms. But do they contain hidden dangers? Dianne See Morrison reports
Scaling op risk management for SMIs: The ORM programme
In the continuing series of scaling operational risk practices, Eric Holmquist looks back on the series of topics for small to mid-sized institutions and discusses how to put it all together into an effective programme
Briefs
Management
IT op risk being outsourced
Management
FSA: Time to strengthen derivatives
Management
Unleashing ORM value
Management