UK FSA hits Goldman Sachs with £17.5 million reporting fine
Closure of SEC investigation into Moody's demonstration of the regulator's new powers under Dodd-Frank
Failures in transaction reporting and record keeping under Mifid a key concern for the UK regulator
A panel of experts was convened by Operational Risk & Regulation for this virtual roundtable, sponsored by Sybase, in which they discuss the main challenges facing financial institutions in meeting new liquidity regulations, including the extra data requirements...
Survey responses from more than 50 op risk managers suggest data and systems management is the leading concern, rather than adopting an enterprise risk management framework, which was flagged as the top issue in last year's poll
Oric head leaves London for a role at the Qatar Financial Centre Regulatory Authority
DBS censured by Singapore regulator for IT outage, required to hold more op risk capital
In a surprise move, First database founder Penny Cagan departs Algorithmics.
Chief operating officer resigns
Speakers at OpRisk Europe agreed that, while change in op risk legislation and capital calculation is necessary, it needs to be undertaken slowly and carefully
Basel Committee proposes capital buffer to be tied to macroeconomic indicators
Basel Committee considers recalibrating the simpler approaches to op risk measurement but says changes will happen later rather than sooner
Regulatory change is inevitable, but those in Basel say they are taking it slow
The financial crisis has shown historical loss data is not enough to help model and predict future op risk events, so some loss data consortiums are looking to include features such as scenario analysis results in their databases
Mortgage lenders must hold capital for operational risk
AMA projects on hold as Chinese banks get to grips with credit risk portion of Basel II
New explicit requirement for operational risk capital proposed for life and general insurance firms in Australia.
HKMA reminds firms of their requirements in response to incidents affecting customers
Singaporean bank suffers IT collapse of front-line and back-up systems