This survey represents a comprehensive elicitation of perspectives on operational risk (OpRisk) modelling and practice, obtained from practitioners in a wide range of countries and sectors. The survey was developed and executed by two leading organizations in operational risk in the financial...

Within the banking sector operational risk is often perceived to be a less <p> important risk than financial risks such as market or credit risk. Such a view <p> is typically reinforced by the observation that banks are in the business of <p> taking these financial risks and must lend large amounts of...</p></p></p>

Understanding first credit risk and the operational risk has taxed the banking industry. The author suggests that the evidence points to a lack of understanding within the banks and he argues that regulators should desist in trying to change the management practices of banks and instead...