It’s a long way from Basel to Mumbai, and it will be a while before India’s banks have fully implemented the Basel II capital requirements framework. OR&R looks at how far they have come, and the obstacles they must overcome on the path ahead
Goldman Sachs’ operational risk management department has two global co-heads, Spyro Karetsos and Mark D’Arcy, who together are using a ‘Rosetta Stone’ approach to break down operational risk language barriers between business lines.
Operational risk to be included in future stress tests by the UK regulator.
RBS creates a new body looking at driving efficiencies in op risk management and raising its function to AMA standards.
A poll on Risk.net says informants should be able to speak directly with supervisors
Outsourcing is about more than cutting costs
Business continuity planning helps firms deal with unexpected external events
US banking regulators have issued new liquidity risk policy co-ordinated with Basel Committee guidance.
US investment bank Goldman Sachs is pioneering scenario analysis as a tool for managing reputational risk
RBS has launched on an efficiency drive to boost operational risk data collection and save money