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.
OP RISK IN ASIA: Time for change
Implementation of the core principles of op risk still has a long way to go in the Asia-Pacific region. Ellen Davis reports
All in the mind
The number of op risk patent applications filed in the US has soared. Duncan Wood investigates the efforts being made to protect intellectual property
Time for change
Implementation of the core principles of op risk still has a long way to go in the Asia-Pacific region. Ellen Davis reports
A better execution
In the first of a series of six articles on Mifid, Victoria Pennington seeks clarification on a number of issues swirling around the best execution debate
Event horizon
Rick Cech takes a second look at what makes up operational risk event types, and asks if there is a more advanced way to define them
Russia opens up
Russia is moving ahead with Basel II implementation, with a new industry working group and new regulatory rules. Ellen Davis reports
A kick up the backside
Just what are the world's regulators doing to help move forward the discussion around operational risk?
Debating RCSAs
Four of the industry's top op risk executives debated risk control self-assessments at a recent briefing in London, moderated by Ellen Davis and sponsored by software vendor Reveleus
Looking into the crystal ball
Eric Holmquist presents some observations on the trends in ORM, and offers predictions on what to expect in 2007 and beyond
The advancing tide of rationalisation
Rationalisation, rationalisation, rationalisation. There is no denying it, this is the major theme in operational risk in the US at the moment, and it is a trend that is spreading to Europe as well.
Academics to revise Thomson report
MANAGEMENT
TCF implementation still has a way to go
MANAGEMENT
A question of connectivity
BUSINESS PROCESS MANAGEMENT
Operational risk at a crossroads
Just where is operational risk going? This is the question that, in one form or another, seems to be dropping from the lips of most executives in the field these days. People are clearly worried.
Continuity is the key
Firms do not seem to be taking business continuity planning as seriously as they should, or indeed even as much as they have done in the past. By Ellen Davis
Hidden dangers
Do op risk managers still care about the impact of reputational risk? Possibly not, reports Peter Madigan