Risk and control self-assessments (RCSAs)
For compliance risk, the big get bigger
Second-line teams have been growing at US G-Sibs – and are set to continue – while Europeans’ flatline
Investment banks: the future of risk control
This Risk.net survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control
Key impact deep dive (KIDD)
This paper proposes a KIDD (key impact deep dive) approach for assessing extreme risks based on assessing key impact types.
Risk innovation of the year: Credit Suisse
Risk Awards 2021: new analytics dash helped bank get ahead of op risk breaches during Covid crisis
Quantification of regulatory capital for management of operational risk in banks: study from an emerging market economy
This paper studies the various methodologies used by an Indian bank in its operational risk management activities: these include loss database analysis, risk control self-assessment and key risk indicator (KRI) identification.
Is there safety in numbers for op risk? One regtech thinks so
Acin’s library of op risks allows banks to compare their controls with their peers’
UBS hoping for capital relief for past op risk losses
OpRisk North America: Swiss bank has taken action to prevent a repeat of costly missteps
Op risk modelling to survive move to SMA
Models will still be needed to measure forward-looking risks under Pillar 2
Risk culture: banks fall short in eyes of staff
Many risk managers believe their banks have work to do on understanding, measurement and management of risk culture
Dump jargon and engage with business, op risk managers told
Operational risk urged to assume bigger role in strategic and HR decisions
CRO says NY Fed faces same op risks as commercial banks
“The predominant risks the bank faces have shifted since the end of the financial crisis,” says Rosenberg
Risk managers need commercial nous, says Mizuho's Berry
Mizuho International CRO thinks front line and risk management must act in partnership
HSBC op risk team "were not delivering full value", Cooke says
Overhaul focused on simplifying op risk management
Business side must be challenged on risk reports, conference hears
Frontline business may avoid addressing major risks
GE Capital's Sabath describes '1.2 line of defence' model
Risk review and challenge belongs on the front line, conference hears
Identifying and managing emerging operational risks
Sponsored webinar: MetricStream
Time running out to prepare for Mifid II changes
Getting to grips with new rules should be an op risk priority
Bank of the year: Nordea
Business continuity overhaul lets Nordea stand out
Consultancy of the year: KPMG
Dealing with regulatory demands and uncertainty
OpRisk North America: RCSA value debated
Self-assessments risk bias - op risk needs to study processes themselves
OpRisk North America: Conference focuses on problems of op risk appetite
Zero tolerance sounds good but useless for managers, conference hears