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Banking Essentials - Part I

This pathway will walk us through the basics of banks, starting with some of the different types and their main functions, then starting to look at the regulation faced by the banks, both before and after the Global Financial Crisis.

Greenwashing

Greenwashing is the act of distributing false information about something being more environmentally friendly than it actually is.

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Keep track of learning progress with our comprehensive data

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Build, scale and manage your organisation’s learning

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Tackling the Cost of Living Crisis

In this video, Max discusses the cost-of-living crisis currently enveloping the UK. He examines its impact on households as well as the overall economy.

CSR and Sustainability in Financial Services

In the first video of this two-part video series, Elisa introduces us to sustainability. She begins by looking at the difference between sustainability and corporate social responsibility, two terms that can be easily confused.

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Featured Pathways

More pathways

Banking Essentials - Part I

This pathway will walk us through the basics of banks, starting with some of the different types and their main functions, then starting to look at the regulation faced by the banks, both before and after the Global Financial Crisis.

Greenwashing

Greenwashing is the act of distributing false information about something being more environmentally friendly than it actually is.

More pathways

Book a demo

Pricing

Ready to get started?

Plans & Membership

Our Platform

Expert led content

+1,000 expert presented, on-demand video modules

Learning analytics

Keep track of learning progress with our comprehensive data

Interactive learning

Engage with our video hotspots and knowledge check-ins

Testing & certification

Gain CPD / CPE credits and professional certification

Managed learning

Build, scale and manage your organisation’s learning

Integrations

Connect Finance Unlocked to your current platform

Featured Content

More featured content

Tackling the Cost of Living Crisis

In this video, Max discusses the cost-of-living crisis currently enveloping the UK. He examines its impact on households as well as the overall economy.

CSR and Sustainability in Financial Services

In the first video of this two-part video series, Elisa introduces us to sustainability. She begins by looking at the difference between sustainability and corporate social responsibility, two terms that can be easily confused.

More featured content

Book a demo

Pricing

Ready to get started?

Book a demo

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What is Operational Risk?

What is Operational Risk?

Olaf Ransome

25 years: Operational risk

Olaf provides an introduction to Operational Risk and clarifies what Operational Risk or "OpRisk" is, why it matters and why it is relevant.

Olaf provides an introduction to Operational Risk and clarifies what Operational Risk or "OpRisk" is, why it matters and why it is relevant.

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What is Operational Risk?

9 mins 35 secs

Key learning objectives:

  • Define OpRisk

  • Identify why OpRisk matter

  • Understand why OpRisk is important to your business

Overview:

It is of huge importance for all organisations to consider their operational risks as the impact can be catastrophic if appropriate measures are not put in place and controlled. In order to do this, people should understand why and how we do things, in order to create greater value to their customers.

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Summary

In what ways are regulators crushing banks?

  • New demands
  • Far more precise requirements

What is Operational Risk?

The risk of loss resulting from inadequate or failed processes, people and systems from external events.

Why does Operational Risk matter?

  • Scenario: Imagine you have a car crash and it is your fault. There is a direct cost, which is your deductible or excess, this may be £1000. There is also an indirect cost, your discount or no claims bonus, you can end up paying more than 100% of the premium
  • The severity of this is different in banking, in the very worst case you can have your car scrapped, for a bank, shutting down is a far more extreme option

Why is it important for your business?

  • Organisations that want to increase their metrics either invest in creating more value for their customers. When you do that, people talk, the word spreads, and growth happens. Therefore it is important to think about why we do things, and how we do things
  • It is important to note -  Are we increasing value or lowering costs? Producing and designing great processes is what adds value

What are the key takeaways?

  • Process is what helps your business maintain control, build capacity and reduce costs
  • Other things being equal, he with the best process wins
  • It is important to have a ‘Lessons Learned’ process in order to avoid the same issue, or nearly the same issue, happening in another team

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Olaf Ransome

Olaf Ransome

Olaf helps banks and FinTechs master their processing; optimising control, capacity and cost. In the last 30 years, Olaf has worked in Investment and Private Banking, helping banks change their infrastructure to support new business or expand business.

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