Article ID: 486695340e1c1f195efaf3852989e416a3bf53b08bb88816117bcc3904f9d48a
Source ID: regulatory:risk.net
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URL: https://www.risk.net/risk-management/7956128/top-10-operational-risks-for-2023
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Top 10 operational risks for 2023 The biggest op risks for the year ahead, as chosen by senior industry practitioners “When people talk about emerging risks, what they usually mean is that the risks themselves are not necessarily new, but they’re coming together in different ways,” the head of operational risk at a large US bank reflects. That’s true of this year’s top 10 op risks, in more ways than one. Although the risks themselves are familiar and the core methodology used to rank them remains unchanged – Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content. To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe You are currently unable to print this content. Please contact info@risk.net to find out more. You are currently unable to copy this content. Please contact info@risk.net to find out more. Copyright Infopro Digital Limited. All rights reserved. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy. If you would like to purchase additional rights please email info@risk.net Copyright Infopro Digital Limited. All rights reserved. You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5. If you would like to purchase additional rights please email info@risk.net More on Risk management The changing shape of variation margin collateral Financial firms are increasingly open to using a wider variety of collateral when posting variation margin on uncleared derivatives. But concerns, including cost and operational complexity, are currently slowing efforts to use more non-cash alternatives Repo clearing: expanding access, boosting resilience Michel Semaan, head of RepoClear at LSEG, discusses evolving requirements in repo clearing The state of IMA: great expectations meet reality Latest trading book rules overhaul internal models approach, but most banks are opting out. Two risk experts explore why How geopolitical risk turned into a systemic stress test Conflict over resources is reshaping markets in a way that goes beyond occasional risk premia Many banks see obstacles to options-based IRRBB hedging Liquidity, accounting treatment and culture seen as impediments to wider use of swaptions, caps and floors ALM has no formal role in capital planning at a third of banks Risk Benchmarking study finds banks split three ways on policy mandates, with G-Sibs as likely as small regionals to assign ALM formal responsibility Fed pivots to material risk – but what is it, exactly? Top US bank regulator will prioritise risks that matter most, but they could prove hard to pinpoint SGX fortifies its defences to ward off tomorrow’s outages Exchange operator fosters “breach mentality” to help prepare for business disruption, explains risk chief
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