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.
Intra-day risk management needs clear data, conference hears
Data needs to be understood across the organisation
BYOD growth must mean focus on data and apps, expert says
BYOD doesn't necessarily mean data compromise
Operational Risk & Regulation Awards 2014: the winners
We recognise the best performance in a year when data was king
OpRisk North America 2014: photogallery
Free-to-view photographs from the OpRisk North America 2014 conference
OpRisk North America: Op risk lags credit and market risk
Op risk disconnect from business, conference hears
Insufficient controls for insider risks, conference hears
Internal fraud and data theft threats growing, conference hears
OpRisk North America: Question business models, conference told
Banks must involve op risk in strategy decisions, says RBS' Spielmann
OpRisk North America: Beware interconnectedness, DuChene warns
Delegates warned to monitor external as well as internal risks
OpRisk North America: Regulators to scrutinise use of external loss data in risk models
AMA guidance coming soon, Fed economist promises
OpRisk North America: Executive order on cyber security insufficient
Congress must act to improve co-operation
OpRisk North America: Standardised approaches under-calibrated, Basel's Adachi tells conference
Large banks holding too little capital, regulator warns
OpRisk North America: No list of critical activities for banks and third parties, OCC tells delegates
OCC will leave banks to make their own judgements
Fatca fatigue setting in, expert warns
Costs rising as deadline approaches
Risk managers should learn from the mistakes of others
Early warning signs can provide vital clues to firms with ‘feet of clay’
Bitcoin regulation challenges and complexities
Funny money
GE Capital dealing with Sifi status and AMA push
Systemically important status is hard enough when you're a bank – for non-bank institutions such as GE Capital, meeting the mark can be even more challenging. Enterprise and operational risk leader Ann Rodriguez discusses the reform process with OpRisk
OpRisk Benchmarking Survey shows mixed progress: video
In the February 2014 editorial video, OpRisk's latest industry survey finds room for improvement in risk management
OpRisk Benchmarking Survey 2014
This year's survey of operational risk managers shows that the importance of operational risk management is becoming more widely accepted – but there is still no consensus on how to involve it in different areas of the business
OCC governance and risk guidelines inadequate for larger banks
Agency fails to differentiate requirements for largest banks
JP Morgan finally paying cost for unethical behaviour, expert warns
JP Morgan's fourth-quarter loss highlights reputational impact of scandals
Banks and regulators 'must take Bitcoin more seriously'
Industry unclear on future of Bitcoin