Operational Risk Management

Group founded 06 Sep 2007
Posts 32
Members 12
Group summary

To share information, ideas and experience relating to all aspects of op-risk management and compliance with Basel II

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Neil Crammond

WHY ANONYMOUS TRADING ALLOWS MARKET ABUSE

One of the very few benefits of open outcry trading was the fact that traders could see everyone trading and the chances of rogue trading was easier to spot compared to today. Through a virtual pit

23 Nov 2018
Freddie McMahon

Conversation-as-a-Service: decision distortions and deceptions

The shift towards specialist chatbots has highlighted how organisations are vulnerable to decision distortions and deceptions, with the way their people work deep within the organisation. This vulne...

01 Sep 2018
Freddie McMahon

Frugal Engineering to digitalise Standard Operating Procedures

Frugal Engineering is the science of breaking up complex engineering processes to reduce the complexity and cost of producing products, without compromising quality. One example of Frugal Engineering ...

08 Jun 2018
Iosif Itkin

Fearless Testing and Post-Trade Systems Disruption

Our work focuses on functional and nonfunctional testing, most of the business being in the market infrastructure space, exchanges and clearing. Three principles can help you to test even the most sop...

10 May 2018
Iosif Itkin

Large Scale Infrastructure Intervention and Fake Testing

In a nutshell, the job that we do comes down to infiltrating large financial market infrastructures with specially designed tools to influence the outcome of the software development life cycle. We ha...

05 May 2018
Breana Patel

How Important is Enterprise Risk Management ?

Enterprise Risk Management. Arguably the largest evolutionary change in risk management for financial institutions has been the elevation of the risk management function to a key role in firm manage

19 Apr 2018
James Tomaney

APPLYING THE BRAKES TO THE RUNAWAY TRAIN OF TECHNICAL DEBT

In 2008 the hubris of the financial sector that we serve finally caught up with itself. Mountains of consumer debt that had been packaged, re-sold and deferred turned out to be unserviceable and the ...

27 Feb 2018
Paul Geiger

Artificial Intelligence - Making Average Great

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 systematica...

04 Dec 2017
Vipin Kumar Sharma

Inefficient IT Systems - Challenges for Operation Risk Management

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 du

30 Mar 2017
Andrew Fear

Banking and Risk - Artificial Intelligence is nothing new

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...

29 Sep 2016