Operational risk
Discipline 'coming to auditing standards'
CORPORATE GOVERNANCE
Investors 'shun firms with poor risk management'
CORPORATE GOVERNANCE
Basel spotlights home-host and EL issues
COVER STORY
SEC official clarifies compliance role
REGULATORY UPDATE
Congress extends terrorism insurance programme
MANAGEMENT INTELLIGENCE
New service from two old hands
MEASUREMENT ADVANCES
External data: reaching for the truth
MYTHS EXTERNAL DATA
Planning for disaster
SPONSORED ROUND TABLE
Governance overhaul in the EU
CORPORATE GOVERNANCE
SEB purchases Optial software package
MEASUREMENT ADVANCES
Briefs
CORPORATE GOVERNANCE
Basel II: what if?
SPONSORED ROUND TABLE
FSA's 'systems and controls' doc returns
COVER STORY
Briefs
MANAGEMENT INTELLIGENCE
The fundamentals of operational risk assessments
PRACTITIONER'S POV FRAMEWORKS
Hedge funds under scrutiny
HEDGE FUNDS RISK
Op risk goes legal
MANAGEMENT INTELLIGENCE
The View on Flu
Extreme Risks
Operational VAR: a closed-form approximation
Klaus Böcker and Claudia Klüppelberg investigate a simple loss distribution model for operational risk. They show that, when loss data is heavy-tailed (which in practice it is), a simple closed-form approximation for operational VAR can be obtained. They…
The stagnancy of risk transfer
It's fairly clear from our feature on alternative forms of risk transfer for op risk that not much has happened in this space over the past two years, despite a lot of fine words from both the insurance industry and its clients.
The growing maturity of op risk and compliance
In Operational Risk ’s second annual survey on compliance, executives focus on the cost of regulatory initiatives. By Dianne See Morrison
Another chance for enterprise-wide risk management
Are operational risk departments ready to take on the function of enterprise-wide risk management? Choongo Moonga reports
Basel committee clarifies calculation of expected operational risk losses for AMA
The Operational Risk Subgroup of the Basel Committee Accord Implementation Group (AIGOR) has released further guidance on how banks can adequately capture expected losses (EL) in their business practices.
Asia’s op risk quantification challenge
Asia’s regional regulators have mixed opinions when it comes to operational risk, finds Ellen Davis