Risk Accounting, Modeling and Non-Financial Risk: An Argument for Better Integration GARP.org article by Peter Hughes Environmental and Climate Change Risk: Did We Learn the Lessons of the Past? When global economic meltdown appeared the most likely outcome of the...
Assessment vs. Measurement The conventional toolkit employed to counter the operational risk threat is woefully inadequate. It is typically comprised of subjective and non-aggregatable colour-coded risk and control self-assessments and quantitatively modeled estimates...
Ground-breaking study of the Risk Unit's applicability in operational risk quantification We are thrilled that our latest research paper, produced in collaboration with the Durham and Leicester University Business Schools, is now available in the Journal of Risk...
OpRisk Capital Chess: Banks Lose First Match GARP.org article by Peter Hughes When the Basel Committee on Banking Supervision first mooted the setting aside of protective capital for operational risks in the late 1990s, large international banks lobbied for their...
Operational Risk Metrics: Seeing Is Believing GARP.org article by Peter Hughes Tests conducted by researchers at the Durham University Business School, in collaboration with the Risk Accounting Standards Board (RASB) found that exposures to the operational risks of...
Where Next with Operational Risk? Observation and measurement issues pose continuing challenges As a researcher, I spend a good deal of time reading academic papers. One recently came into my hands written by an eminent group of academics and practitioners on the...
