UK FSA switches focus to ‘governance in action’
Sheen moves from op risk policy to the prudential risk department of the UK Financial Services Authority.
UK FSA hits Goldman Sachs with £17.5 million reporting fine
A problem shared...
Operational Risk & Regulation data, October 2010
The ways of our errors
Closure of SEC investigation into Moody's demonstration of the regulator's new powers under Dodd-Frank
Asia’s rapid growth and buoyant consumer confidence continue, and the region is emerging from the financial crisis as an economic powerhouse. Operational risk managers and regulators alike must keep pace with this bullish market if they want to avoid...
The Operational Risk Data Exchange (ORX) recently surveyed its members about their use of scenarios in managing operational risk, and discovered firms attribute considerable value to the process
The losses from July's top five op risk events doubled those of June
A new fraud-fighting body is being created as part of the UK government’s shake-up of financial regulation. Some welcome the proposed Economic Crime Agency, saying its integrated approach is just what is needed. Others worry valuable aspects of the...
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.
Brazil is justifiably proud of the progress it had made in the implementation of Basel II, due for completion in 2013. However, a sudden increase in lending is raising a host of data issues and diverting management’s attention away from operational...