Enterprise risk management (ERM)
Data and systems top concern for op risk managers, says survey
Survey responses from more than 50 op risk managers suggest data and systems management is the leading concern, rather than adopting an enterprise risk management framework, which was flagged as the top issue in last year's poll
Turning points: Nick Cioll, CRO, CFO of TriEagle Energy
Nick Cioll, CRO and CFO of TriEagle Energy, speaks with Pauline McCallion about the turning points in his career that led him to blending his skills in finance and energy risk management
Risk Europe: Operational risk key to enterprise risk management
Op risk should play a dominant role in the development of ERM, says Thomson Reuters’ Philippe Carrel
To boldly go
Throughout its brief history, the operational risk discipline has been labouring under a limiting and perhaps inaccurate definition of what it is and what it should be covering. Op risk needs to broaden its remit across the enterprise if it is going to…
Where to from here?
Editor Victoria Tozer-Pennington reviews the op risk events from the month that range from volcanic ash clouds to civil fraud.
Risk management: how to prepare for the next crisis
Nigel Milbank believes one of the causes of the recent financial crisis was risk professionals’ failure to persuade their organisations of the importance of risk management. Here, he outlines 10 ways to get people on board the risk train and to better…
Sponsored statement: Perilous markets demand enterprise-wide risk management
Rampant volatility, illiquidity, dramatically shifting relationships between physical products and financial instruments and the scarcity of credit are stressing energy and commodity markets like never before. Against this backdrop of uncertainty, says…
US banks keep a close eye on compliance
Daily news headlines
In search of the gold standard
Data is fundamental to enterprise risk management systems. Some banks have looked to build single, consistent central sources of information for risk analysis, but how are they tackling this task? Is this goal even achievable? By Clive Davidson
Reporting riddle
A requirement by the UK Financial Services Authority for financial institutions to run regular reports on their liquidity positions from next year has raised a number of operational challenges. Is this fuelling a move towards enterprise risk management?…
The shock of the interaction
Banks have long talked of enterprise risk management, but many firms have historically measured risk types separately and aggregated the results. The financial crisis has highlighted that credit and market risk are closely linked. What are the challenges…
Liquidity risk – an integrated approach is the only realistic solution
For many years, financial institutions have been using the Murex enterprise risk platform for market, credit and liquidity risk management. Today, and in view of the recent market volatility, those users are appreciating the advantages of a multi-asset…
HSBC adopts SAS enterprise fraud system
Daily news headlines
La Meer launches integrated operational risk software for hedge funds
Daily news headlines
The big picture
Regulators are looking at how best to improve the measuring of risk, but Peter Schild argues the industry should focus on improving governance practices and be considering people and processes across the entire enterprise
Forewarned is forearmed
Management
An enterprising solution
Financial Crime