Reflections on OpRisk Management
First published:
ISBN: 9781782723493
If you are a Risk.net subscriber you are entitled to 20% off your Risk books purchases. Please email enquiries@riskbooks.com for more information.
As part of your Risk.net subscription you are entitled to 20% off all of your Risk Books purchases. If you would like to place an order please email enquiries@riskbooks.com
OpRisk Survey Shows the Insidious Effects of Political Risk
Introduction
Operational Risk in Four Letters
An Invisible Framework
Small is Beautiful in OpRisk Management
The Business Value of ORM
How to Minimise ‘People Risk’
The Missing Piece
Risk Appetite and Framework
From Russian Roulette to Overcautious Decision-making
The Importance of Preventive KRIs
How to Build Preventive Key Risk Indicators
Unlocking KRIs
Six Steps for Preventive KRIs
Have Your Cake and Eat It
Conduct, Not ‘Conduct Risk’
How to Manage Incentives
Is Reputation Risk Overstated?
What Regulators Want
Conduct & Culture
OpRisk Takes Forward Steps at OpRisk Europe 2014
Modern Scenario Analysis
The Rogue’s Path
Rogue Trading No Training: The Connections
What Brexit Teaches OpRisk
OpRisk Survey Shows the Insidious Effects of Political Risk
Discarding the AMA Could Become a Source of OpRisk
UCL Research Shows that SMA Reforms Introduces Capital Instability and Discourages Risk Management
Memo to Bank CEOs: Treat OpRisk with More Respect
Don’t Let the SMA Kill OpRisk Modelling
As the saying goes, there are decades where nothing happens, and there are weeks where decades happen. A steep rise in uncertainty and instability in the global political order following the UK’s vote to leave the European Union and the election of Donald Trump as US president have certainly spurred a mini-revolution in the ranking of the top 10 operational risks this year, top spot notwithstanding.
The world will be dealing with the consequences of both events for years to come. But op risk managers don't have the luxury of time when it comes to making sense of such events; they need to start incorporating them into their risk frameworks straightaway.
| 2017 | 2016 | ||
| #1 | Cyber risk and data security | Cyber risk | |
| #2 | Regulation | ↑1 | Conduct risk |
| #3 | Outsourcing | ↑3 | Regulation |
| #4 | Geopolitical risk | new | AML, CTF and sanctions compliance |
| #5 | Conduct risk | ↓3 | Organisational change |
| #6 | Organisational change | ↓1 | Outsourcing |
| #7 | IT failure | ↑1 | Recruitment and retention |
| #8 | AML, CTF and sanctions | IT | |
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@risk.net
