24 February 2018

Operational Risk Management

A Finextra Community Group

24Posts 113,494Views 21Comments

Latest blog posts

Paul GeigerTheorem Technologies - Chicago

Artificial Intelligence - Making Average Great

04 December 2017  |  6168 views  |  0 comments | recommendations Recommends 0

There has been a lot of hand wringing over the CME Group’s amendments to Rule 553 (“Average Price System”), and for good reason. It’s no easy task for clearing firms, or their clients, to systematically reverse engineer the trade legs associated with average-priced trades. The resulting reliance on manual processes that are time consuming and err...

TagsArtificial IntelligencePost-trade & ops
Vipin Kumar SharmaInfosys Ltd - Los Angeles

Inefficient IT Systems - Challenges for Operation Risk Management

30 March 2017  |  3992 views  |  0 comments | recommendations Recommends 0

Recently one news article caught my attention and reminded me of an exceptional experience of my trading days. A German bank accidentally transferred more than 5 billion euros to four other banks due to some internal system issues. Interestingly, this is not the first time for this bank. Even earlier, just when Lehman Brothers filed for bankrupt

TagsSecurityRisk & regulation
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Andrew Fear
Andrew Fearbaramundi software AG - Augsburg, Germany

Banking and Risk - Artificial Intelligence is nothing new

29 September 2016  |  4899 views  |  0 comments | recommendations Recommends 0

Artificial Intelligence (AI) is a discipline that has been revived. In the 1980s Artificial Intelligence and Expert systems were very fashionable and the British Computer Society had an Expert Systems...

TagsRisk & regulationInnovation
Gary Wright
a non-active Finextra member

Censorship and the Brand-Ross debate

30 October 2008  |  3918 views  |  0 comments | recommendations Recommends 0

As a regular writer of articles and of course blogs, the issue of publishing material that is never overtly offensive, is of course always uppermost in mind. There should always be self discipline in ...

Gary Wright
a non-active Finextra member

Is There A Solution To Identity Theft?

23 October 2008  |  6586 views  |  2 comments | recommendations Recommends 0

Hardly a day goes by before a new story hits the headlines about another fraud. No one it seems is immune from the French president to the man in the street, small businesses to large corporations, th...

Gary Wright
a non-active Finextra member

DTCC merger with LCH Clearnet

23 October 2008  |  4483 views  |  0 comments | recommendations Recommends 0

This news is just what the market needed to hear. One of the hopes for the future is that the finance industry not only recovers from the current crisis but changes its structure fundamentally to prev...

TagsTrade execution
Gary Wright
a non-active Finextra member

Crisis at AIM as listings dry up

20 October 2008  |  4448 views  |  0 comments | recommendations Recommends 1

At this week's Corporate Finance forum the financial crisis was, as expected, at the top of the agenda. Two speakers presented equally doom laden news and the general mood was as downbeat as you can ...

TagsRisk & regulationPost-trade & ops
John Cant
John CantMPI Europe Ltd - London

Excel is like a chainsaw

15 October 2008  |  6294 views  |  0 comments | recommendations Recommends 0

Excel is a powerful tool. Like a chainsaw, in the hands of a skilled operator it is hugely effective – but in untrained or rushed hands and without the proper safety equipment it can be positively dan...

TagsRisk & regulationWholesale banking
Stanley Epstein
Stanley EpsteinCitadel Advantage Ltd - Modiin

Lip Service

08 October 2008  |  3435 views  |  0 comments | recommendations Recommends 1

A key element in the development of any tangible product is the risk analysis that is (or should be) included in the design stage. If I build this object/product as specified, how safe is it going to ...

TagsRisk & regulation
Gary Wright
a non-active Finextra member

Has the European dream begun to fail?

07 October 2008  |  4772 views  |  2 comments | recommendations Recommends 0

The economic crisis is a worldwide problem of gargantuan proportions, which is causing an increasing number of Governments to take unusual and dynamic actions to try and prop up the banking system aga...

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Founded by An ex-member
Date 06 Sep 2007
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To share information, ideas and experience relating to all aspects of op-risk management and compliance with Basel II
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