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.
A dynamical approach to operational risk measurement
Research Papers
Accounting and risk management: the need for integration
Research Papers
ORR Innovation Awards 2011: Bank of the Year
National Australia Bank
ORR Innovation Awards 2011: Central Bank of the Year
Bank of Canada
Put your hands together
Put your hands together
ORR Innovation Awards 2011: Regulator of the Year
Marco Moscadelli, Bank of Italy
ORR Innovation Awards 2011: Product of the Year
Wolters Kluwer Financial Services’ ARC Logics for Financial Services
ORR Innovation Awards 2011: Manager of the Year
Giulio Mignola, Intesa Sanpaolo
Business continuity relies on adaptabilty amid civil unrest
Ready for anything
The ORR Innovation Awards 2011
ORR recognises those in the operational risk management profession who are working to ensure op risk keeps developing, and that it stays high on management’s agenda
Algorithmics patents operational risk capital modelling framework
Algos patents operational risk capital modelling framework
Vote for the top op risk software vendor
Cast your vote for the top vendor in a variety of operational risk management categories
Moody’s guidelines on op risk in structured finance transactions imminent
Moody’s rating guidelines for operational risk imminent
Op risk managers struggle to be heard
UK FSA says more training necessary to fill op risk gaps
Super plans
Super plans
Banks seek a single op risk software solution
All for one
UK regulator to get 'intensive and intrusive' on product governance processes
UK FSA to get ‘intensive and intrusive’ on products
Goldman Sachs airs risk laundry, publishes report on operations review
Goldman Sachs report airs dirty risk laundry
Job-seeking op risk managers have all the power, say recruiters
Staff with the relevant experience face a wealth of choices and higher wages says Barclay Simpson
US oil spill report recommends risk management changes
Presidential commission suggests reforms to address oil sector risk management after BP Gulf of Mexico spill investigation
Why funding liquidity risk deserves a place at the risk table
A place at the table
