Articles by Victoria Tozer-Pennington
Indian loss data consortium Cordex ready to float
The long-expected Indian op risk loss database is in the process of being floated as a private limited company
Aon takes a measured approach to GRC implementation
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…
Liquidity risk management: Managing the challenges of stress-testing
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
Sheen: The FSA's go-to guy for op risk
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.
Recruitment and staff retention a challenge for the FSA
One of the key challenges for the FSA will be the retention of talent throughout its restructure
Bank of England shoulders responsibility for prudential regulation
UK Chancellor of the Exchequer confirms the FSA is to be abolished and replaced with a new regulatory regime.
French banks under pressure to hold more op risk capital
Rogue traders and a worsening financial crisis are leading French regulators to put pressure on banks to hold more capital for op risk
Circuit breakers to stem NYSE trading falls
A 10% move in a stock price would trigger a pause in trading to prevent sudden falls
AIFM provision threatens depository banks
New EU directive ups depository bank liability and could force some banks to exit the market
Firms scrimp on insurance despite rise in claims
Survey finds European firms aligning insurance packages with their risk profiles
Morgan Stanley’s metrics in Cruz control
Marcelo Cruz Morgan Stanley's new global head of operational risk measurement and metrics
Bankers hope for derivatives reprieve under US Dodd Bill
Banks lobby to avoid spinning off swaps desks under planned regulatory reform
Where there’s a will…
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
Learning to Love Basel II
Introducing a major insurance element to operational risk management processes is a passion for National Australia Bank’s Ross Love.
FSA seeks to enhance op risk frameworks
UK regulator moves forward with its work stream focusing on raising the bar for TSA firms
Investigations find no evidence of 'fat finger' errors in US trading fall
NYSE, SEC and CFTC claim 'fat finger' error not the cause of last week's stock market plunge.
Operational risk possible cause of US equity nose-dive
Fat finger error mooted as possible cause for US market plunge