Operational risk
WHAT IS THIS? Operational risks are those arising from people, processes and systems – the biggest form of exposure for many industries, but one that was neglected by financial firms until the collapse of Barings Bank in 1995. It was added to the Basel capital framework in 2004, but attempts to model operational risk were dealt a heavy blow by the huge, unforeseen losses suffered by banks in the aftermath of the financial crisis.
Corporate action spending to rise
MANAGEMENT INTELLIGENCE
Operational risk continues measured progress
Expected benefits drive progress. By Protiviti's Michael Schuchardt and Brian Boyd
A captive audience
INSURANCE CAPTIVES
Briefs
MANAGEMENT INTELLIGENCE
Regulators eye equity derivatives
MANAGEMENT INTELLIGENCE
Isda survey finds error rates rising
MANAGEMENT INTELLIGENCE
MiFID documents release delayed as FSA waits on EU
MANAGEMENT INTELLIGENCE
New US NPR questions
The US notice of proposed rulemaking (NPR) has finally been published.
The fat tail
Minh-Tri Nguyen and Martin Ottmann aim to quantify op risk with multi-stage curve fitting and extreme value theory applied with the loss distribution approach
Briefs
MANAGEMENT INTELLIGENCE
FESE issues new briefing paper
MANAGEMENT INTELLIGENCE
Concerns raised over patent-related op risks
MANAGEMENT INTELLIGENCE
Operational risk spending increases
A new survey finds increased spending on op risk technology and replacement of first-generation solutions. By Protiviti's Scott Gracyalny and Scott Wisniewski
$24bn outsourcing growth for 2006
MANAGEMENT INTELLIGENCE
US Basel II gone AWOL
Well, has Basel II finally ridden off the rails in the US? This seems to be the case. The inclusion of a new study on Basel II, to be conducted by the General Accounting Office, does rather seem to threaten the timetable that the US regulators announced…
Fundamental issues in op risk management
Misconceptions about certain key concepts are causing confusion throughout the industry. By Ali Samad-Khan, Armin Rheinbay and Stephane Le Blevec
Could do better?
Some industry participants believe US supervisors' approach to Basel II implementation is flawed, according to a survey by OR&C . By Ellen Davis
The Basel II Race
Accessing operational risk is vital for any bank that wants to reach Basel II compliance.