Regulators continue to push large institutions towards the advanced approach for operational risk management – but imposing capital floors might not be the best way to accomplish their aims
Now that they have a little breathing space, and as the threat of a deluge of regulation looms, banks are once again investing in governance, risk and compliance (GRC) systems to help them stay on top...
The UK’s Financial Services Compensation Scheme (FSCS) was set up to ensure consumers could be compensated if their bank went under. But who should be paying for it? And what does its future hold as...
Insurance Risk and BNY Mellon have conducted a survey to look at how insurance companies are preparing for the new regime and the opportunities and challenges that the changes will bring.
More Victoria Tozer-Pennington articles
One head of operational risk once told me that being a good manager of operational risk meant being able to manage change. In the current turbulent environment this skill is more relevant than ever. Change of any description within financial services...
SAS presents the highest op risk losses in April and ABA Operational Loss Data Sharing Consortium analyses Q4 losses in the US
Working group is also considering raising betas in the Basel II standardised approach to encourage movement towards the AMA, but some say this is not the answer
IRM issues guidance for boards of directors of listed companies on how to set risk appetite and tolerance
Losses in the ‘Clients, products and business practices’ category continue
This paper discusses a number of diverse considerations that risk managers need to incorporate into their thought processes and recurring procedures if they are to fulfill their role more effectively in the future