Operational risk

News/comment

Op risk body gets new chairman

16 April 2010

Edward Sankey replaces Philip Martin

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Standard Life fine illustrates complexity of op risk

26 January 2010

The “risk and control chain of responsibility” is key, expert says

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“Risk tolerance is key to operational risk”

15 January 2010

Report says there is not enough practical guidance on managing the risk

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IERM’s top stories chart 2009’s risk management challenges

27 November 2009

The financial crisis and the toughening demands of Solvency II have been a combined test like no other for companies this year

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Internal model rules unchanged and onerous

13 November 2009

The liquidity premium, operational risk and own funds are the big three changes in CEIOPS’ final advice, says KPMG

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Speakers confirmed for global ERM webinar

06 November 2009

Tom Wilson is joined by Kathryn Morgan, Andrew Hitchcox, Seamus Creedon and others

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Aon promotes ERM for pension fund management

21 August 2009

The focus is on non-financial, operational and strategic risks

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Op risk charge is "excessive and punitive"

09 July 2009

Hiscox's Val Amos says CEIOPS' paper is a missed opportunity

Analysis

Operational risk management raises more questions than answers

16 December 2009

Operational risk management raises more questions than answersMost economic losses have an operational component, yet insurers are still reluctant to commit resources to managing a risk where modelling techniques and management know-how are still in their early stages. Jessica Baylis reports

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Pluses and minuses: the final advice weighed up

13 November 2009

KPMG’s Elliot Varnell analyses the key issues in the CEIOPS documents

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Why operational risk fits pillar II best

20 January 2009

The standard model in Solvency II is totally inadequate for operational risk. Many in the industry know this. But nothing is likely to change before 2012. By Jessica Baylis

Opinion

Operational risk management is a value-adding discipline

15 July 2010

Operational risk management is a value-adding disciplineThe process is as much cultural as technical, says Adam Seager. People need to be empowered to identify and record operational loss data in a secure blame-free environment.

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We need clearer and more sophisticated thinking on op risk

10 July 2009

We need clearer and more sophisticated thinking on op riskVal Amos of Hiscox argues that CEIOPS’ proposals have done little to address insurers’ concerns about operational risk