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.
Coleman leaves New York Fed
Head of op risk leaves US regulator
Business continuity after Hurricane Sandy
Storm warning
AML and framework change at Nordea
Anders Meinert Jørgensen, head of group operational risk at Nordea, talks AML awareness and pace of framework change at the bank
Nordea rules out AMA
Another institution rejects AMA because of lack of clarity in requirements
Germany in no hurry to sign its Fatca IGA, expert says
One of the original five Fatca partners likely to take its time over signing IGA, expert warns
Legally blind: Huge settlements overwhelm op risk models
Legally blind
Vickers implementation provokes operational risk concerns
Unanswered questions remain over the implementation of Vickers by 2019
UK fraud levels rise to new high
UK fraud levels rise to new high
Solvency II delays limiting internal model growth, head of op risk warns
Reticence among certain insurers to quantify operational risk also to blame for lack of progress in model development
Final Fatca regulations fail to include draft FFI agreement
Hotly anticipated final Fatca regulations leave industry disappointed and without an agreement for non-IGA FFIs
Final Fatca regulations must provide clarity, experts warn
Industry hopes for more detail and draft agreements later this month
Operational risk loss data – December 2012
Operational risk loss data – December 2012
Operational risk in the asset management industry
Poor returns have forced asset managers to focus on efficiency - including preventing operational risk losses
RDR fees still not clear for clients, experts warn
Clients still in the dark about RDR fees despite January 1 deadline passing
Sponsored survey analysis: Ordnance Survey
Future risks for 2013 – What does the risk landscape look like?
Oprisk Software Profiles 2012/2013
Oprisk Software Profiles 2012/2013
Top 10 op risks: failure to enforce internal controls
Top 10 op risks: Failure to enforce internal controls
HSBC fine ‘warning shot’ to industry, experts say
HSBC's $1.9 billion fine a sign that regulators have 'real bite'
Operational risk loss data – November 2012
Operational risk loss data – November 2012