IBM FIRST Risk Case Studies

The IBM FIRST Risk Case Studies database is a collection of external, public operational risk loss events in the form of risk case studies.

IBM FIRST Risk Case Studies events are targeted at the financial sector and contain over 20 years of events, which have been indexed to 13 keyword hierarchies, including Basel category and business line. Other hierarchies include control factor, event trigger, business unit type, and entity type. IBM FIRST Risk Case Studies cases include detailed descriptions that break down the event to analyze root cause, identify control breakdowns, lessons learned, management response and aftermath of the event. Events can also include sections with supporting detail that provide a timeline for the event, relevant information about the institution that it happened to, or other detail about loss impacts.

Most events in IBM FIRST Risk Case Studies capture quantitative information as well as detailed qualitative analysis. This quantitative information takes the form of loss amounts that are captured at the time of the event.

IBM FIRST Risk Case Studies offers a subscription to a data add-on refreshed daily with the IBM FIRST Risk Case Studies database in a format that is compatible with the FastMap feature. IBM OpenPages® customers can use the IBM FIRST Risk Case Studies FastMap data add-on to provide end users with access to IBM FIRST Risk Case Studies case studies within the OpenPages application. After the data is loaded into OpenPages, end users can browse and associate IBM FIRST Risk Case Studies case studies to objects like Scenario Analyses, Risks, and Loss Events. Consult your IBM account representative for details on obtaining the IBM FIRST Risk Case Studies data add-on for OpenPages.

If you subscribe to the IBM FIRST Risk Case Studies database service, IBM FIRST Risk Case Studies provides a compatible FastMap file for a seamless load of IBM FIRST Risk Case Studies data to IBM OpenPages Operational Risk Management.

By default, IBM OpenPages Operational Risk Management includes the OpenPages FIRST Loss profile. Users with this profile can load FIRST Loss data through the IBM OpenPages FastMap feature. For more information about this profile, see Profiles.