Description: Financial institutions have and continue to suffer substantial financial losses because of their exposures to various operational risks and insufficient risk management. Quantifying operational risk is a critical component of an institution’s ability to manage risk. The model described in the article provides a numerical measure for operational risks existing in a business entity through statistical methods. It takes experience data to reflect both the general features and company specifics of the defined operational risks, while also allowing for managerial discretion. An important achievement is to suggest a level of capital to hold against potential losses arising from operational risks.

Description: Hear from the chairperson on themes in the August 2016 issue of Risk Management published by the JRMS.

Description: Hear from the editor’s on the March 2017 issue of Risk Management published by the JRMS.

Description: Hear from the editor’s on the December 2018 issue of Risk Management published by the JRMS.

Description: Hear from the editor’s on the August 2016 issue of Risk Management published by the JRMS.

Description: Hear from the editor’s on the August 2018 issue of Risk Management published by the JRMS.

Description: The "feel free" strategy helps retirees understand when they can retire, how much they can spend and how much guaranteed income they might want. The approach is very simple - divide your age by 20 and feel free to spend that percentage of your savings in a year.

Description: Hear from the editor’s on the March 2018 issue of Risk Management published by the JRMS.

Description: Hear from the editor on the December 2017 issue of Risk Management published by the JRMS.

Description: Hear from the editor on the March 2018 issue of Risk Management published by the JRMS.