 | A Breath of Fresh Air: Editor Victoria Tozer-Pennington introduces and explains The Risk Universe to readers. News: Solvency II-type risk framework proposed for pension funds; UK crackdown on pay; Olympus scandal; AMA model changes; UAE Central Bank in cyber-attack Cybercrime - The New Normal: A cyberwar is currently being waged between nations and financial services firms are increasingly being caught in the cross-fire or attacked as specific targets. To operate business as usual in this new environment, firms need to get serious about cyber security. Victoria Tozer-Pennington reports. Managing Op Risk in the Arab Spring: Heightened geopolitical risk in the Middle East region increases the importance of factoring sound situational analyses into any operational risk assessment. Denial of Service (DoS) Attack: Every month The Risk Universe will present a scenario on one of the most relevant operational risk incidents. This month the scenario involves a Denial of Service attack which is a growing and very real threat to financial service firms. Readers are invited to assess and submit their responses. Preparing for a Collapse: Governments, investors and banks are all preparing for a substantial change in the make up of the Eurozone. Victoria Tozer-Pennington investigates the main operational risks in such a scenario. How To... Design a Robust Operational Risk Appetite Statement: In the first of a series of monthly 'How to' guides that seek to tackle those more difficult challenges relating to operational risk management, Andrew Smart, CEO of Manigent, sets out an easy to follow, step-by-step guide to setting a robust operational risk appetite statement. Sigor Moves to Change Gross Income Measure: Regulators agree gross income is a flawed measure for calculating operational risk capital, but they are struggling to agree on what to replace it with. Ellen Davis reports. Dear CEO: Every month an anonymous chief risk officer of a financial services firm writes a letter to his CEO detailing some of the issues he has always wanted to raise. Making Sense out of Data Classification: In this, the first of a regular feature on data classification issues and guidelines, RiskBusiness International Limited's Mike Finlay explores external malicious acts involving systems intrusions - a risk category which has seen frequent mention throughout this issue of The Risk Universe. Classified: Find all your job advertisements here alongside information on upcoming industry events and The Risk Universe monthly comic. |
