Operational risk modelling
The hidden risk
Risk is inherent in the use of spreadsheets within financial institutions but it has long been ignored. Now regulatory scrutiny into processes is spurring growth in the market for spreadsheet control solutions. Nolan Gesher explains why they are worth…
An operational model
Scarce and shallow loss data has been the bane of operational risk models historically, but a new paper calls for more work on statistical approaches that could improve their sensitivity. By Peter Madigan
Highly cultured
Patricia Jalleh, head of group operational risk at United Overseas Bank Group, says that to achieve a robust op risk framework, a risk culture must be well and truly embedded within the firm. And no risk culture is perfect - it's a matter of constantly…
Fitch enhances analysis of banks' risk-based capital
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Oric chooses CCH Sword for operational loss database
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Correlation: Alternative realities
Correlation: Alternative realities
Heads in the sand
Editor's Letter
Change happens
Solvency II
Data
Data
CEBS seeks views on op risk mitigation
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Best practice recommendations seek to restore investor confidence
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Which way now?
Scenario Analysis