Scenario analysis
A question of discipline
Op risk is showing signs of maturing, although there is still much work to be done. So delivering value to the business continues to be a substantial challenge, according to a new survey
Resolving the confusion
Risk control self-assessments have become a Tower of Babel for the op risk discipline, with a variety of different approaches being taken. Ellen Davis reports
A practical operational risk scenario analysis quantification
Thomas Alderweireld, João Garcia and Luc Léonard define an operational risk scenario analysis and its quantification technique, leading to the determination of the loss distribution characteristics. The method is based on simple questions put to…
Fitch launches First database upgrade
Fitch Risk launched Version 2.0 of the Financial Institutions Risk Scenario Trends (First) database in August, according to Penny Cagan, the senior vice-president for research at Fitch Risk, and manager of the First database.
Société Générale subscribes to Fitch Risk's Opvantage
French bank Société Générale has entered into a subscription agreement with Fitch Risk to access its financial institutions risk scenario trend (First) database.
Building scenarios
Kenji Fujii of UFJ Holdings looks at the benefits of using scenario analysis as a means of managing operational risk, and discusses UFJ Bank's scenario-based advanced measurement approach.
RMA signs up for OpVantage First database
The Risk Management Association (RMA) has signed up to use OpVantage's First (financial institutions risk scenario trend) database. OpVantage, a division of rating agency Fitch, provides operational risk software to the industry.
Getting it together
Data consolidation is now a vital foundation to any successful risk management implementation, as Dave Rose and Stuart Cook of The Structure Group report
Scenario-based AMA
Conference paper from the Basel Committee on Banking Supervision's recent Operational Risk conference in New York: This paper, which focuses on aspects of implementing the scenario-based advanced measurement approach was drafted by a team of…
Beyond the lognormal
Value-at-risk
Princeton Team Develops TIRM Risk Methodology
METHODS & REGULATIONS