Operational Riskdata eXchange Association (ORX)
Out of the ashes: Portigon’s rise from WestLB
Out of the ashes
The ORR Innovation Awards 2012
Surviving the storm
ORR Innovation Awards: Initiative of the year
Revised ORX data reporting standards
The correlation of operational risk with economic scenarios
Marcelo Cruz highlights the problems that can arise when analysing the relationship between operational risk and macroeconomic factors
Dispute over direction of loss data consortiums
Data discord
ORX completes first stage of scenario library programme
The Operational Riskdata Exchange says benchmarking is the next step in its effort to help operational risk managers improve their use of scenarios
Basel Committee's Sigor to undertake review of operational risk regulatory framework
Wide-ranging review seeks to raise operational risk capital and overhaul the basic indicator and standardised approaches
ABI redundancies in the face of Solvency II
Shake-up will also entail "resourcing-up" Oric to help members prepare for internal op risk modelling
Oric-ORX merger off
Talks between Oric and ORX regarding a possible merger have been called off owing to a lack of common ground
BMO's David Fletcher: advancing on the AMA
In advance
OpRisk Europe: Revised ORX reporting standards due imminently
New standards will clarify definitions and requirements for reporting to loss data consortium
Oric and ORX in talks regarding possible merger
Oric and ORX have been in talks for more than a year regarding a possible merger of their operational risk data platforms
ORX studies op risk scenario best practice
The prediction process
KPMG and ORX complete investigation into global scenario analysis plans
Consultancy and industry body researched complexity and terminology of scenario analysis at large banks
ORR Innovation Awards 2011: Manager of the Year
Giulio Mignola, Intesa Sanpaolo
Dipo conference: Loss-data consortiums switch focus from quantity to quality
Quality over quantity
ORX surveys finds scenarios are thriving
The Operational Risk Data Exchange (ORX) recently surveyed its members about their use of scenarios in managing operational risk, and discovered firms attribute considerable value to the process
Mizuho provides a model model for AMA in Japan
Japan’s regulator points to Mizuho Financial Group’s operational risk management model as an example for banks in the country to follow. Shigehiko Mori, the group’s head of operational risk, talks about how the model works and his plans for continued…
New chairman and board for ORX
Mignola new chair of Operational Risk data eXchange
Consortiums look beyond historical loss data
The financial crisis has shown historical loss data is not enough to help model and predict future op risk events, so some loss data consortiums are looking to include features such as scenario analysis results in their databases
How to make VAR go voom
An amended approach to value-at-risk that focuses on the drivers of risk and the use of agent-based modelling and simulation to capture the bounded rationality of human decision-making
Loss leaders
Operational risk is potentially the biggest risk faced by insurers – and also one of the most difficult to model. However, as a number of loss data aggregation initiatives globally either emerge or mature, insurers are better placed to quantify their op…