Using structured scenario analysis for an effective operational risk management and stable capital requirements determination
For financial institutions, operational risk (OpRisk, or the risk of a change in value caused by the fact that actual losses—incurred for inadequate or failed internal processes, people and systems, or from external events [including legal risk]—differ from the expected losses), might …
Op risk modelling vendor of the year Op risk scenarios product of the year
Artificial intelligence and machine learning are finding new homes in finance. Although some hedge funds and specialised teams have applied these techniques – some of which were developed in the 1950s and 60s – to market analysis and trading for a while, …
The ORX Reference Taxonomy for operational and non-financial risk
There has been a substantial change in the operational risks faced in financial services over the last 15 years. Risks such as Conduct, Cyber and Third Party have risen in importance and now dominate boardroom agendas. How organisations think about this expanding …