Japan’s regulator points to Mizuho Financial Group’s operational risk management model as an example for banks in the country to follow. Shigehiko Mori, the group’s head of operational risk, talks...
The passing of the Dodd-Frank Act into US law signifies profound changes for banks and regulators. But how they should prepare now for the new legislation is still far from certain
The computational requirements of Solvency II are driving the need for more computing power and data storage accessible on a scalable basis. Early adopters are leveraging cloud computing for their Solvency II implementation. Others are taking a more cautious approach, waiting for the industry to address key concerns such as security before they to embrace computing.
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First-time outsourcers might have overlooked or underestimated operational risks involved
An Australian study by Mercer says 75% of super funds hold op risk reserves
US regulators are hiring more staff in preparation for Dodd-Frank changes
Intellectual property and internal talent could get caught up in bank prop desk divorce
New UK bonus rules are widened to cover thousands more investment firms
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.