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.
Winning hearts
Embedding op risk
A clear example
Op risk in Australia
CopperEye identifies data-retention issues
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Smaller funds lack op risk reserves, says survey
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Hedge fund op risk due diligence practice launched
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Fitch report explores concentration risk in Basel II proposals
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OpRisk Europe: FSA condemns operational risk weaknesses
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Tarp banks rush to repay to avoid regulatory scrutiny
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Automated FoHF reporting system aids operational risk analysis
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Cebs releases consultation on risk management guidelines
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Which way now?
Scenario Analysis
The dragon advances
Op Risk in China
Benelux flux
Cross-border Supervision
Short-termism rules
Asset Management
Op risk centre stage
Profile: Domingos Figueiredo de Abreu
Temenos launches intelligence system for fraud prevention
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Icap launches repo settlement facility to reduce counterparty risk
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UK regulatory focus will hold firm on liquidity risk
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Isda launches final stage of hard-wiring auction settlement
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IMF releases report on initial lessons of the financial crisis
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Op risk moving to heart of management decision-making
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