Replies

  • Crista,

    Thank you for your feedback.

    Rgds

    George
     
    Crista Gonzalez said:

    Hi George, 

    You may have already found the information you needed but I wanted to write my comments since I work managing the Operational risk for one of the institutions of the industry yo are interested in.  

    From my perspective: 

    1. Money Laundering and Sanctions Breach. This is one of the main concerns of the Banks nowadays as, along with the number 2, bring huge operational losses and huge reputational damage. 

    2. Breach of Regulatory Standards and Duty to Client.

    I hope yo find this useful. 

    Regards 

  • Hi George, 

    You may have already found the information you needed but I wanted to write my comments since I work managing the Operational risk for one of the institutions of the industry yo are interested in.  

    From my perspective: 

    1. Money Laundering and Sanctions Breach. This is one of the main concerns of the Banks nowadays as, along with the number 2, bring huge operational losses and huge reputational damage. 

    2. Breach of Regulatory Standards and Duty to Client.

    I hope yo find this useful. 

    Regards 

  • Just a quick thank you for the question and the resources links.  We publish risk management apps for SMEs and we are always on the look out for risk factors.  The distinction concerning specificity and generic factors is something we wrestle with. Our approach to risk management product development is to offer a methodology to assess enterprise verticals (business functions, macro/event, KPI, market dynamics, product, customer, supply chain) that are industry agnostic... we have no domain expertise...we offer self assessment frameworks where sector expertise resides with the user.  The list of risk factors suggest assessment considerations.  Helps our users flesh out risk management strategies. 

    The AON and PwC surveys were most helpful.

    cheers,

    jbm

  • Check whether the 2014 Risk reports  from World Economic Forum help you?

  • Thank you Beulah

    Best regards

    George

    Beulah Misrole said:

    In my current experience it would be:

    1. Contract and contractor management; Technology: data security and recovery and the e-mobility of key staff (to work and communicate remotely in the event of a crises)

  • In my current experience it would be:

    1. Contract and contractor management; Technology: data security and recovery and the e-mobility of key staff (to work and communicate remotely in the event of a crises)

  • Thank you Andrew

    Best Regards

    George


     
    Andrew Clarke said:

    George,

    Have you looked at the Centre for the Study of Financial Innovation 'Banana Skins' survey?  Done with PwC and is a good source of information on risks facing the banking industry.

    Best Regards

    Andrew

  •  

    Thank you for your replies, James, Indranil and Tony.

    Tony, I am taking a generic international viewpoint.

    (If I had to be more specific I would eliminate the focus in Europe)

    I am particularly looking for the list of OpRisks in Banks.

    Thank you again.

    George

    PS. I understand from Indranil that the result of a survey is found at http://www.risk.

  • Hi George,

    The problem with this question is that unless you take a very generic international viewpoint (the Aon Report is excellent for that) then to answer the original question depends on which country, and which industry sector the observer is in.  This will make a huge difference in terms of operational risks.  Even within the industry sector there will be a wide variation between different organisations, depending on size, geographic location, current business maturity and finanacial status, etc.

    So an interesting question which is very difficult to answer unless you are looking for specific risks associated with an individual organisation or perhaps a business sector, if the observier is sitting in an analytical role with industry oversight.

    Yours,

    Tony

  • Hi George

    Aon's list is not a bad starting point - see http://www.aon.com/2013GlobalRisk/2013-Global-Risk-Management-Surve... 

    Regards

    James Cole

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