Banks created TruSight and KY3P to vet supplier risk with standard questionnaires. Is it enough?
Normally the province of IT, cyber defence is increasingly seen as a critical part of operational risk
Operational RWAs down to $387.6 billion from $400 billion in the second quarter
Cyber thieves have accessed the interbank messaging system through small, developing world banks
Lower risk levels drive quarter to quarter fall
ZKB settlement takes top spot in August loss list. Data by ORX News
G-Sibs cut $31 billion of market RWAs in three months to June
This paper proposes an alternative framework for setting banks’ operational risk capital, which allows for forward-looking assessments and limits gaming opportunities by relying on an incentive-compatible mechanism.
In this paper, the authors apply a dynamic extreme value theory (EVT) model based on a nonhomogeneous Poisson process incorporating covariates to estimate frequency, severity and risk measures for operational risk.
From exchanges to software sellers, big players hang back on due diligence questions, banks say
Bank has five bands of risk – a granular approach it says makes it easier to control exposures
Barclays and BNP Paribas move to standardised approach in the second quarter
Tests improve on methods to identify anomalous data created by fraudsters
Onus is on banks to vet subcontractors during contract negotiations, regulator says
The bank’s RWAs jumped 9.4% in the third quarter
The aim of this paper is to propose a model that describes the integration of knowledge-based risks (via the processes of knowledge-based risk identification, analysis, evaluation and education) and knowledge-based risk repositories to support risk…
Risk-weighted asset density has increased at BNY Mellon, State Street and Goldman Sachs the most, across the eight US global systemically important banks
Risk-weighted asset increases follow wave of regulatory sanctions
5% average drop across 16 European banks reported quarter to quarter
Regulatory relief has bypassed the 'super-regionals', says CRO
This paper is a historical case study of the GAS scandal and is the first to analyze it from the perspective of operational risk.
Light on cash, risk management fintechs face an extended gauntlet most won’t survive
Top five events also include John Hancock, Deutsche Bank settlements. Plus PPI roundup. Data by ORX News
Swiss bank has rung the changes in its attempt to catch hard-to-measure risks, but “you are never safe”, warns Christian Bluhm