Work-from-Home and the Risk of Securities Misconduct
#operationalrisk #oprisk #fraud #marketabuse #riskmanagement "Our DD analysis reveals that #workingfromhome lowers the likelihood of...
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7 févr. 2023
Reinventing Operational Risk Regulation for a World of Climate Change, Cyberattacks...
Proposes a new framework for regulating operational threats such as damage to physical assets, business disruption, and system failures....
1 févr. 2023
Is Bank CEO Pay Sensitive to Operational Risk Event Announcements?
This study reveals how operational risk events affect US bank CEO compensation from 1992-2016. Results indicate that compensation...
26 janv. 2023
The Information Value of Past Losses in Operational Risk
"We show that past operational losses are informative of future losses, even after controlling for a wide range of financial...
17 janv. 2023
The Bayesian approach to analysis of financial operational risk
"The article provides a short overview of methods for constructing mathematical models in the form of Bayesian Networks for modeling...
16 janv. 2023
Imbalanced Data Issues in Machine Learning Classifiers: A Case Study
"... the methods discussed in this paper can apply to general machine learning classifiers in applications with imbalanced data issues,...
16 janv. 2023
Modeling Very Large Losses.
"... we propose an approach to estimate very large losses similar to that used by Fermi and Drake to estimate the existence of...
11 janv. 2023
Systemic Operational Risk in the Australian Banking System: The Royal Commission
"This paper ... documents some of the most prominent cases of misconduct, which it summarizes in terms of operational risk losses (using...
11 janv. 2023
Machine Learning for Categorization of Operational Risk Events Using Textual Description
"... an overview of how machine learning can help in categorizing textual descriptions of operational loss events into Basel II event...
10 janv. 2023
The Information Value of Past Losses in Operational Risk
"... the information provided by past losses results from them capturing hard to quantify factors such as the quality of operational risk...
14 déc. 2022
A Text Analysis for Operational Risk Loss Descriptions
"... we have applied text analysis methodologies to extract information from descriptions in the OpRisk database. After delicate tasks...
22 nov. 2022
How does the pandemic change operational risk? Evidence from textual risk disclosures
"... operational risk remained the most prominent major risk type after the outbreak of Covid-19, and that disclosures of operational...
30 sept. 2022
Operational Risk Management of Political Risk: Evidence from Customer Concentration
"... our empirical evidence indicates that political risk significantly a firm’s operational risk strategy in terms of managing its...
21 sept. 2022
Sell-Side Analysts’ Assessment of Operational Risk: Evidence from Negative ESG Incidents
"We use firm-day level data from RepRisk about negative operational incidents that are classified into environmental, social, and/or...
7 sept. 2022
Operational Loss Recoveries and the Macroeconomic Environment: Evidence from the U.S. Banking Sector
"Our findings offer new evidence on how economic shocks transmit to banking industry losses with implications for risk management and...
28 juil. 2022
Bank Capital Adequacy Framework
"This paper considers the question from a non-technical point of view and surveys the regulatory requirements for capital adequacy...
8 juil. 2022
Correlations in Operational Risk Stress Testing: Use and Abuse
"Evidence that the COVID-19 pandemic had minimal effect on operational risk losses in 2020 is presented and the effect of model risk is...
8 juil. 2022
How Climate Change May Impact Operational Risk
"... climate change may drive operational risk losses through complex interactions between three factors: changes in human and...
8 juil. 2022
The Status of People Risk Management in UK Banks
"... some operational risk managers are working more closely with their human resources partners to develop a more cohesive approach to...
27 mai 2022
Spatial Distance and Risk Category Effects in Enterprise Risk Management Practice
"... we find the difference in decision-makers’ probability assessments between operational and non-operational risk factors is greater...
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