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.
Providus launches RiskResolve 3.5 to boost internal controls
Nashua, NH – Providus, a risk management and regulatory compliance services provider based in New Hampshire, has launched RiskResolve 3.5 – an operational risk management (ORM) solution that enables real-time detection and correction of risks and control…
Data quality – the Achilles heel of an acquisition
Data Quality Industry Point of View
Changing hats
Management Intelligence
Celent highlights reporting challenges
Management Intelligence
Losses and lawsuits
Loss Database
Insurance firms trail behind in op risk management
Implementation Outlook
Losses and lawsuits
Loss Database
Corporate actions automation heats up
Technology
Technology Briefs
Technology
Report damns NAB’s internal controls while regulator demands changes
Implementation Outlook
Security holes found in VoIP
Technology
Technology Briefs
Technology
Operational Risk Conference Preview > Experts to speak on evolution and challenges of op risk
Risk magazine and Operational Risk are holding their sixth annual Operational Risk conferences in London and New York in March. The events are designed to provide delegates with insights into the latest techniques for managing and quantifying operational…
Losses and lawsuits
Loss Database
Survey shows broadening mandate of op risk managers
Implementation Outlook
US bank associations focus on best practices compliance
Implementation Outlook
NAB postpones trading losses report, speaks to USSEC
Implementation Outlook
New KRI project kicked off by ABA Risk managers on the move ahead of AMA roll-outs
Implementation Outlook
Major op risk software providers grow at expense of smaller rivals
Sales of operational risk solutions seem to be on the rise, but it is established vendors who are seeing deals close. Many small or new software houses in the op risk space seem still to be experiencing a lull in sales.
Aon warns of political risk in lucrative emerging markets
Implementation outlook
Losses and lawsuits
Loss database