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.
Talking 'bout an evolution
MANAGEMENT
Evolution of op risk
MANAGEMENT
Looking to the future
MANAGEMENT
Trading with restraint
SPONSORED ROUNDTABLE
Stop hiding behind the foliage
EDITOR'S LETTER
Genius or blunder?
As more details emerge on the rogue trading scandal that caused a EUR4.9 billion loss, Société Générale appears more a victim of risk management failures than of a genius of fraud. But is this case a one-off, or are other institutions similarly…
Lagarde: SocGen losses due to poor op risk
Daily news headlines
It's not easy being green
ENVIRONMENTAL RISK
A vision of change
THE FUTURE OF OP RISK
In the thick of it
PROFILE: VALERIE BELHASSEN
Absolute beginners
HEDGE FUNDS
Automated payments system increases OTC transparency
Daily news headlines
Lotfi Baccouche
PROFILE
So long, silos
ENTERPRISE RISK MANAGEMENT
Outsourcing is long-term loss for short-term gain, says study
Daily news headlines
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