 | Editor's Letter - Hindsight is a wonderful thing: Nobody understands the benefit of hindsight better than an operational risk manager, writes editor, Carrie Cook News: Analysis of the major risk-related news stories of the past few weeks, including the latest on the Yahoo data breach, more RMBS fines and a summary of 2017’s risk predictions. Risk collaboration is the key to success: Collaboration is the only way risk managers can really tackle issues such as cyber, reputational impact and business interruption, says Julia Graham, deputy CEO of Airmic. Risk models: A general strategy: Operational risk expert Peter Mitic from Santander provides tips on comparing the suitability of risk models in light of recent proposals from BCBS. Regtech: Tackling regulation with innovation: Everybody’s talking about fintech, but what about regtech? Jan-Maarten Mulder takes a look at how a wave of new companies are working to help address complex financial regulation with innovation. How self-interest influences our decisions: In their new book, Risky Business, Anna and Mark Withers explain why we are frequently fooled by powerful unconscious biases. Here they look specifically at the overwhelming influence of self-interest on what are supposed to be completely independent and unbiased business decisions. Case study: The end of the world’s oldest bank?: In a new regular feature slot, RiskBusiness’ Mike Finlay takes a detailed look at the many possible operational risk-related observations of the Banca Monte dei Paschi di Siena case. If you ask me - 2016: the year political risk Trumped every other: Volatility and political risk may be an opportunity for the revenue side, but it’s a different story for operational risk, writes Howard Stein. Dear CEO: Every month, an anonymous senior executive of a financial services firm writes a letter to the CEO about concerns they have always wanted to raise. This month: why 2017 should be the year of positive thinking. |
