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.
Brazil: Risk managers in demand for fast growing financial sector
Risk management is increasingly coming to the fore in Brazil’s newly booming banking sector. Operational risk managers with good experience are therefore suddenly in demand, with above-average remuneration available for those up to the task
The top 2010 risks: OpRisk's survey of the challenges ahead
The year ahead looks set to be one of the busiest ever for operational risk practitioners, as they struggle to meet regulators’ increased expectations and fight rising financial crime with fewer resources. OpRisk & Compliance outlines the top 10…
US: Operational risk managers face merger challenges
The operational risk function might not have a say in a firm’s strategic merger plans, but it can prepare it for the risks involved in the union. David Benyon discusses the operational risk manager’s role as adviser to newly married fims, and presents a…
Profile: Deepa Chandrasekhar, chief of compliance at United Gulf Bank
A career spanning various banking disciplines in a variety of roles has made Deepa Chandrasekhar, chief of compliance at United Gulf Bank, fluent in the language and customs of the compliance, risk and audit units, meaning she can help them work together…
