This research models operational risk data via the loss distribution approach under Basel II using open-source data consisting of 3192 operational loss events between 2009 and 2018. The approach is ...

Welcome to the first issue of Volume 20 of The Journal of Operational Risk. Lately, I have been in discussions with practitioners about the challenges the banking industry faces as the Basel Committee ...

For financial institutions, threat modeling must shift away from diagrams focused purely on code to a life cycle view ...

The gap between AI and traditional risk modelling is substantial. Traditional models often fall short when dealing with complex, non-linear relationships. In contrast, AI models thrive in detecting ...

I managed to catch some of the first day on Thursday of the "Pricing Model Validation: Mitigating Model Risk" conference. I thought it would be worthwhile going along since firstly the past 12-18 ...