Operational risk
FSA ponders Pillar III accounting issues
Corporate Governance
FSA scraps op risk ‘systems and controls’
Regulatory Update
Groups launch op risk diploma qualifications
Measurement Advances
Briefs
Management Intelligence
Industry row over MiFID
Regulatory Update
ORX seeks to double membership
Measurement Advances
Briefs
Corporate Governance
Quantifying hedge funds’ operational risks
Hedge Funds Op Risk Analysis
PCAOB amends auditing standards
Corporate Governance
Briefs
Measurement Advances
Tech vendors on a roll
Technology survey
The threatto fund managers
Fund management
Lehman’s index group
profile
Where has the FSA’s leadership gone?
Editor's letter
The key to successful client solutions
Dealer Profile
Using transaction data to measure op risk
Since 1999, Peter Hughes has led a team of op risk specialists that has studied transaction processing environments in global banking organisations. The focus was on examining and understanding the causes of operational failure. The information and…
Basel II realities kick in for emerging markets
The emerging markets might find compliance with the new Basel Accord a struggle, but ambitions are high. And the pressure is on for regulators to be seen to be adopting Basel II within the international community.
Age of reason or age of procedure?
The risk management industry's increasing use of sophisticated models and technology – when coupled with poor modelling choices – can cause problems. Stephen Blyth calls for a return to to judgement and reasoning, and a halt to proceduralism.
The misdirected directive?
Germany's financial regulator, BaFin, tried to steal a march on its European rivals by implementing a new directive that should open the door to asset managers investing in new products and using over-the-counter derivatives. But did it get it wrong?
FSA vague on AMA waiver pack approach
The UK Financial Services Authority is remaining tantalisingly vague about its potential approach to a waiver pack for those banks who wish to apply for the advanced measurement approach (AMA), say industry executives.
Sponsor's article > Op risk and Black Swans
Scarce data is a well-recognised problem for the assessment of operational risk. In such circumstances, David Rowe argues, it is necessary to blend professional judgement with the available data. In doing so, however, it is crucial to counter some well…
Increasing returns through managing risk at source
The world's largest pension fund, Calpers, has adopted an aggressive approach to corporate governance. Can this policy decrease risk and increase returns in its equity portfolio? Rachel Wolcott speaks to Christy Wood, who runs the fund's corporate…
Book extract > Integration of Qualitative and Quantitative Operational Risk Data: A Bayesian Approach
The aim of this chapter is to provide a Bayesian model thatallows us to manage operational risk and measure internally thecapital requirement, compliant with the Advanced MeasurementApproaches (AMA) recommended by Basel Committee on BankingSupervision …
Will it come out in the wash?
Special focus financial crime