The Operational Risk Working Party aims to assist actuaries and others in the modelling and management of operational risk. One of the key challenges in modelling operational risk is the modelling of dependencies between operational risks, and between operational and non-operational risks such as market, credit and insurance risk.
The working party is currently producing a paper on Operational Risk Dependencies. This will be broken down into three areas:
- Literature review
- Survey on operational risk dependencies and wider modelling practices
- Prepare a first principle case for dependencies between certain types of operational risks and non-operational risks
Outputs:
- Joining the dots between operational and non-operational risk, article, 8 July 2020
- Operational Risk Dependencies - paper presented at Sessional event, 20 January 2020, Edinburgh
- Sessional event, 6 March 2017, Edinburgh (repeat of London March 2016)
- Good practice guide to setting inputs for operational risk models - Paper presented at Sessional event, March 2016
- The Operational Risk working party hit the headlines following their recent sessional. Articles are to be found in City AM and the Actuarial Post.
| Chair: | Patrick Kelliher |
|---|---|
| Membership: | 9 |
| Established: | 2014 |
Related documents
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Guidance for Member-Led Research Working Parties
9 November 2017
Contact Details
If you have ideas for cross practice research, or want more information about cross practice working parties, please refer to our Guidance for Research Working Parties or contact the Communities Team.
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Many individuals and institutions have a long-term focus, and invest funds for the benefit of future generations. Their strategy should reflect their long horizon. University endowments are one of the oldest classes of institutional investor, and I will present the first study of the management of these endowments over the very long term.
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