Opinion/Risk management
A model future (part I)
Models that use factors such as key risk indicators, or KRIs, for inputs align the op risk function with credit risk and market risk - and may increase the effectiveness of operational risk within an organisation. Marcelo Cruz looks at key factors in…
Dangerous embrace: disentangling bank and state
Dangerous embrace
Chapter 14: using bankruptcy law to solve too-big-to-fail
Too-big-to-fail: the next Chapter
Marcelo Cruz: Robust estimation
A number of recent papers submitted to the Journal of Operational Risk on robust estimation reflect the concerns of the op risk modelling community about the reliability of parameter estimation in severity distributions
Chain reaction
JP Morgan provides regulators a timely example of just how much their new rules are needed
The last word: Collateral and CCPs
The leading question
New ratings paradigm requires careful handling
The rate escape
On humility
It's nice to see op risk managers becoming more aware of their limitations
Ever heard of the WGMR?
Working Group on Margining Requirements is keeping a low profile
Beware of data leverage
Beware of data leverage
The machine stops
Editor's letter
Cutting operational risk capital through insurance
Using insurance can produce significant capital savings - but some legal problems remain
Stronger defences needed: stress testing a eurozone break-up
For a few dollars more
Not all hedges are created equal
Not all hedges are created equal
Pushing for break-clause capital relief
Break dancing
Editorial: Ratings in moderation
Editorial
Let’s hear it for the tail risks
We must recognise the value of the right-hand side of the loss data distribution
Expected problems
The capital reductions to be gained from properly assessing expected losses can’t be ignored, says Marcelo Cruz
Eurozone scenario analysis goes microscopic
Familiarity breeds content
No nosedive: markets could defy doom-mongers
Challenging the doom-mongers