Operational risk loss data – January 2013
Acts of reform
More Alexander Campbell articles
Regulators' demands for more transparency are loading a heavy burden on to compliance, IT and operational risk teams at financial institutions. But collecting the data could have unforeseen benefits...
HR departments are key in preventing internal fraud - and in dealing with the consequences, Nick Kochan finds
Pilot review finds almost no cases where UK banks behaved properly in selling interest rate hedges to small business
Smaller agency blocked from rating ABS and sovereign debt
US regulators issue penalty-free consent orders, while the FSA promises investigation
Adapt or die
A confession to make
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.