Companies face a myriad of risks in conducting their business. In the finance sector the notion of credit and market risk has
been explicitly recognised in the supervision of banks for many years. More recently the Basel Committee on Banking Supervision
has been addressing the problem of operational risks. It established the principle of developing a minimum regulatory capital
charge for other risks, including operational risk, in its 1999 Consultative Paper. The exact definition of Operational Risk has
evolved following analysis and consultation and it is now
"the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events".
Adelard is well placed to assist organisations research, develop and deploy methods and tools for operational risk assessment. Our experience of dependability issues at policy, regulatory and technical levels provides unique strengths, for example our:
Related InformationA version of Robin Bloomfield's talk given at a CSFI/RAND Europe round-table in early 2002 on the "Security Implications for the Financial Sector of Developments in Information & Communication Technologies" is available.