Chief operating officer resigns
Central clearing might solve some of the problems with over-the-counter derivatives, but it is by no means a straightforward solution, and could raise some additional problems
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
Chris Page, group head of risk management at ANZ, sees his role as “guardian of the balance sheet” as first and foremost, but is also aware that sometimes he needs to stand his ground on risk issues, as he might be the last man standing between the...
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
An amended approach to value-at-risk that focuses on the drivers of risk and the use of agent-based modelling and simulation to capture the bounded rationality of human decision-making
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
The long-expected Indian op risk loss database is in the process of being floated as a private limited company
Aon Corporation, a global provider of risk management services, insurance and reinsurance brokerage, has opted for a more measured approach to adopting a GRC platform by starting with an upgrade of its existing Sarbanes-Oxley (Sox) compliance system and...
This webinar discusses best practice in stress-testing a liquidity risk framework and how firms can find the business benefit from the new liquidity risk management requirements
Transparency is a concept that has been bandied about by banks a lot lately, usually when they know the press is watching. But just how transparent are banking practices, and just how clear is the Basel approach to operational risk?
The UK Financial Services Authority is taking a hardline approach to insider trading, increasingly carrying out criminal investigations. But at the same time it is asking firms to work with it by providing information to build a bigger picture of what’s...