Advancing the Field of Quantitative Finance
formerly the IAFE

Events

Event: The Boundaries Between Credit Risk and Operational Risk: Are They Real?
Date: October 24, 2007
Time: 5:30 Registration, 6:00 Program Begins, 7:30 Reception
Location:
Goldman Sachs
32 Old Slip
New York

The Operational Risk Committee of the International Association of Financial Engineers presents

The Boundaries Between Credit Risk and Operational Risk: Are They Real?

Panelists:

Keith Downer
Senior Vice President, Operations Risk Management, Citi Global Wealth Management

Eileen Fahey
Managing Director, Fitch Ratings

Chris Mushell
Global Head of Operational Risk, Bear Stearns

Moderator:

Charles Fishkin
Director of Risk Management for North America, Alliance Bernstein

Hosted By:
Goldman Sachs

Sponsored By:
Algorithmics

 

  • Are the boundaries between operational and credit risk, as defined by regulators and the industry, meaningful?
  • Are they any more than artificial designations defined by regulators for capital/quantitative purposes?
  • Do they impact how we manage risk?
  • In regards to the definition of operational risk, as drafted by the BIS and accepted by the industry, does it truly define the dimensions of operational risk? Have we defined ourselves into a box?
  • What value can operational risk professionals and best practices bring to the management of credit risk? What value can credit risk professionals and best practices bring to the management of operational risk?
  • Can we attribute subprime mortgage problems to credit or operational risk, or both? Does it matter? What are the underlying operational risk issues? What are the underlying credit risk issues?
  • Is it possible to overcome definitional confines and start envisioning the management of risk as a holistic discipline? What would that take?

 

The summary of this event can be found here.