People risk
Breaking out of the cells: banks’ long goodbye to spreadsheets
Dealers are cutting back on Excel amid tighter regulation and risk concerns
Top 10 operational risks for 2023
The biggest op risks for the year ahead, as chosen by senior industry practitioners
OK regulator? How AI became respectable for AML controls
Dutch court case pressures supervisors to accept new tech; explainability the key challenge
The status of people risk management in UK banks
This paper examines how people risk is managed in banks using interview data obtained from operational risk management experts working in the UK banking sector.
Top 10 operational risks for 2022
The biggest op risks for the year ahead, as chosen by senior industry practitioners
The economic cost of a fat finger mistake: a comparative case study from Samsung Securities’s ghost stock blunder
This paper quantifies the economic cost of Samsung Securities’s ghost stock blunder using the synthetic control method.
PNC appoints new chief risk officer
Super-regional, soon to be US’s fifth-biggest bank, switches risk chief
Top 10 op risks 2021: employee wellbeing
All-encompassing impact of Covid leaves employees with the feeling of ‘living from work’
FCA may delay enforcement of UK’s conduct regime
Smaller firms won’t be penalised right away, says head of regulatory decisions committee
It’s a dangerous world: stress-test your managers
Ex-British Army chief tells banks: “You need to see how your peers react when the pressure is on”
Top 10 op risks 2018: talent risk
Fears over dearth of talent across tech and risk management
Toward an efficient people-risk capital allocation for financial firms: evidence from US banks
In this paper, the authors address the issue of an efficient people-risk capital allocation for financial institutions.
Bridgewater’s Murray on radical transparency and op risk
Risk30 profile: “People think we’re crazy,” says giant fund’s co-CEO of its unique approach to op risk
Emerging cyber threats share a familiar root cause
Whether in banking or energy, most cyber breaches start with human error
Dump jargon and engage with business, op risk managers told
Operational risk urged to assume bigger role in strategic and HR decisions
Talent drought threatens risk management, say firms
“Most acute shortages” are in operational risk, say recruitment consultants
Potential for catastrophe lurks in complex systems
Human failings can subvert well-intentioned efforts to avoid disaster
Op risk analysis underrates human behaviour – Fed examiner
Risk managers urged to focus on group dynamics
OpRisk Europe: Biggest operational risk posed by people, survey finds
Respondents to a survey at the OpRisk Europe conference overwhelmingly point to people as the biggest operational risk