Andrew Sheen at the UK Financial Services Authority has rapidly become one of the most respected experts in operational risk, perhaps due to his clear vision of where the profession needs to go and what it must do to get there.
One of the key challenges for the FSA will be the retention of talent throughout its restructure
UK Chancellor of the Exchequer confirms the FSA is to be abolished and replaced with a new regulatory regime.
Rogue traders and a worsening financial crisis are leading French regulators to put pressure on banks to hold more capital for op risk
A 10% move in a stock price would trigger a pause in trading to prevent sudden falls
New EU directive ups depository bank liability and could force some banks to exit the market
Survey finds European firms aligning insurance packages with their risk profiles
Marcelo Cruz Morgan Stanley's new global head of operational risk measurement and metrics
Banks lobby to avoid spinning off swaps desks under planned regulatory reform
Living wills have quickly emerged as a new measure to ensure banks are better prepared for the next crisis. But clear definitions of exactly what information they should contain and how they should be drawn are lacking
Introducing a major insurance element to operational risk management processes is a passion for National Australia Bank’s Ross Love.
UK regulator moves forward with its work stream focusing on raising the bar for TSA firms
NYSE, SEC and CFTC claim 'fat finger' error not the cause of last week's stock market plunge.
Fat finger error mooted as possible cause for US market plunge
Article 17 of AIFM seeks to impose strict liability on depository banks that could have far-reaching ramifications for the industry
Rapid downgrade of Greece prompts Barnier to call for an investigation into CRA practices.
Throughout its brief history, the operational risk discipline has been labouring under a limiting and perhaps inaccurate definition of what it is and what it should be covering. Op risk needs to broaden its remit across the enterprise if it is going to...
Mariano Selvaggi describes the issues the Operational Risk Consortium took into account when preparing its report on the use of scenario analysis of operational risk in insurance, and how a sound scenarios framework can benefit firms