Operational Risk Operational Risk (OR) is the risk of direct and indirect loss resulting from inadequate or failed internal processes, people and systems or from external events. This definition includes legal risk but excludes reputational and strategic risks. According to the Basel II accord, a

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Using KRI Loss Events to estimate Operational Risk Capital – An Example We use a simple illustrative example to show how Key Risk Indicators (KRI) and Loss Events can be used to estimate operational risk capital associated with a given risk. RCSA results. Computer failure:

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RCSA RCSA is an empowering method/process by which management and staff of all levels collectively identify and evaluate risks and controls. It is a technique that adds value by increasing an operating unit’s involvement in designing and maintaining control and risk systems as well as

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Operational Risk Operational Risk (OR) is the risk of direct and indirect loss resulting from inadequate or failed internal processes, people and systems or from external events. This definition includes legal risk but excludes reputational and strategic risks. According to the Basel II accord, a

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You made me cry, Sabeen Mahmud. Karachi is an insane city. A true Karachiite can never live anywhere else. A visitor can never understand why that is so.  The fascination is irrational and does not compute. Some think it is an asylum gone wild, others

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The Fastest 11 year olds in Karachi.   It didn’t look like a great start for the day.  It had been drizzling all night and the tartan track at the National Coaching Center was wet at 7:00 am in the morning.  While rain had brought

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Copulas – A quick introduction. If you build economic capital models for financial institutions, a common problem is creating a model for the Enterprise. At the simplest level this requires an ability to integrate risk profiles from market, credit and operational risk models.  Three different risk

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Rainbows and Richter scales… Eid (the day of feasts marking the end of Ramazan), marriage proposals, exam results and evening meals taken together.  When they come out on paper the words don’t make sense, but in my mind they bind memories of my family, especially

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Sindh Track and Field Club – Karachi Sindh Track and Field Club is a private athletic club devoted to training young athletes in Urban as well as Rural Sindh. The club was founded by three coaches, two years ago and today boasts over 40 members.

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