 | Editor's Letter - Accountability and transparency: The key themes emerging from OpRisk World 2015 were accountability and responsibility. News: Largest ever cyberattack uncovered; the OCC on cyber risk; all about transparency and the News Review. OpRisk World 2015: RiskBusiness International and The Risk Universe hosted the second OpRisk World conference in Amsterdam, where speakers stirred a fascinating dialogue between attendees on the key issues affecting operational risk management today. Spotlight - Operational risk transfer optimisation: UniCredit and Aon Benfield share their experience of building a second generation model that incorporates the use of insurance as a risk transfer and mitigation mechanism. The Big Data Challenge: Big Data is a complex issue that few truly understand but research is advancing to help firms embark on taming the Big Data giant. Top Operational Risks For 2015: The Risk Universe’s annual top operational risks survey has revealed the 12 most significant risks facing firms at the current time. Sharing Scenarios - Embezzlement of funds: This month the scenario explores the impact on the firm arising from staff embezzlement. Risk Classifications - Order Execution and Portfolio, Investment and Fund Management Allocation Errors: RiskBusiness’ Mike Finlay takes a look at errors and omissions around order entry and portfolio allocation. Dear CEO: Every month an anonymous chief risk officer of a financial services firm writes a letter to the CEO detailing some of the issues they have always wanted to raise. |
