Operational Risk has historically been considered by many as the less-important-“younger brother” of Credit Risk and Market Risk. Operational Risk has been growing in importance within financial services providers, being them top tier 1 banks, brokerage firms, investment management firms, financial boutiques, among others. The fundamental aspect of operational risk is that if a given (operational) risk occurs […]
Enterprise Risk Management (ERM) is a method which provides a given firm to have an overview of all its key risks and associated information, therefore enabling the board and management team to make balanced, cross region wide risk decisions. Risks are Opportunities Earlier, so it seems, the world was less dangerous. Today, more and more enterprises with […]
This is another useful webinar by Simplilearn, focusing on the two main dimensions of Risk (probability and impact) as well as the 9 step Risk Management process and other relevant aspects such why Risk Leadership is so important, most common mistakes, root causes identification, among other important points. This is a actually a very thorough […]
This is Thomson Reuters’ forth annual survey, focusing on how financial services firms are managing conduct risk has identified distinct industry wide trends against which firms can benchmark their own progress. Last year, compliance and risk practitioners from more than 260 financial services firms across the world, including banks, brokers, asset managers and insurers took […]
As investors, you have all been on the receiving end of sales pitches from brokers, friends and investment advisors about stocks that they claim will deliver spectacular returns. These stories not only sound persuasive and reasonable but are also backed up by evidence—anecdotal, in some cases, and statistical, in others—that the strategies work. When you […]
This issue of Intelligent Risk explores strategic risk and financial institution business models, as well as offers updates on PRMIA initiatives and programs. Inside this issue: Reputational Risk – “How persistent are the effects of negative reputation events?” National differences in risk culture An interview with PRMIA Director of Learning and Development, Mary Rehm Market-risk […]
This article contains some links into Bank for International Settlements (BIS) important documents for Operational Risk. Each link will open a new window in your browser and will guide you to the original BIS article which contains a PDF version.
McKinsey’s new publication features the best of its thinking on risk and risk-management issues, with McKinsey’s inaugural issue examining the evolving role of credit portfolio management, regulations affecting European banks, how to manage technology risk, and the value of digitally transforming credit-risk management. The paper also covers: The future of bank risk management Nonfinancial risk: […]