Categories
External link Old site

CP 142: Operational risk systems and controls

Consultation paper 142 from the FSA contains feedback on the operational risk and systems and controls sections of CP97, and contains new draft guidance. It is available at http://www.fsa.gov.uk/Pages/Library/Policy/CP/2002/142.shtml. It was issued in July 2002 and the consultation period ended on 31st October 2002.

Categories
External link Old site

Correctness is not enough

A paper I presented at the 2003 EuSpRIG conference, explaining what can go wrong with spreadsheets even when all the formulae are correct. It is available from my publications page.

Categories
External link Old site

Operational Risks in Financial Services

A presentation by Hans-Ulrich Doerig which gives an excellent overview with more detailed treatment of some aspects. Like so many others writing about operational risk (and indeed risk management in general), the author assumes that other financial services firms are just like banks. This report is available at http://www.credit-suisse.com/governance/doc/operational_risk.pdf

Categories
External link Old site

CP143: Integrated Prudential sourcebook – Feedback on chapters of CP97 applicable to insurance firms and supplementary consultation

Consultation paper 143 from the FSA contains feedback on some of CP97. There are two areas on which the FSA is consulting again: credit risk for insurers, and final bonuses on with-profits policies. It is available at http://www.fsa.gov.uk/pages/Library/Policy/CP/2002/143.shtml. It was issued in July 2002 and the consultation period ended on 31st October 2002.

Categories
External link Old site

Financial Modelling of Project Financing Transactions

A paper that was presented to the Institute of Actuaries of Australia Financial Services Forum, containing interesting statistics on spreadsheet error rates. It’s available at http://www.actuaries.asn.au/PublicSite/pdf/fsfpaper2004-jasminandlee.pdf.