Few regulators are taking operational risk seriously, says Mike Finlay, chief executive of RiskBusiness
Recent analysis by the International Monetary Fund indicates that banks in the US need to raise capital to cover systemic liquidity risk threats
BP's Alan Haywood says non-banks need to consider Fed letter commitments for the good of the industry
Risk would like to invite you to join us on 14 April 2014 at 10am EST / 3pm GMT for our next FREE webinar. Joining the panel discussion will be: Moderator: Duncan Wood, Editor, RISK. Athanassios Diplas, Senior Advisor, ISDA. Barry Hadingham, Head of Derivatives and Counterparty Risk, AVIVA INVESTORS. Neil Murphy, Director, Collateral Product Management, IBM RISK ANALYTICS. Click to register.
More Ellen Davis articles
The Basel Committee's Sigor group will spend time on credit risk-related operational risk loss events at its upcoming October meeting in Frankfurt
High-severity events such as the $2.3 billion rogue trading loss at UBS have highlighted the low levels of operational risk regulatory capital firms are holding
FSA's Bailey says the commitment letter process is better for firms than having the regulator "kicking over their books"
More US banks expected to employ AMA, while new stress-testing proposals increase interest in operational risk quantification among smaller banks
Banks worry Basel rules requiring legal events to be included in operational risk databases earlier might mean the information is used against them in legal proceedings
EBA op risk specialist Bernd Rummel says the new European body has a busy schedule of work to implement CRD IV
Trustee chairman Graham Parrott says the deal removes "significant risk" from the television company's pension scheme
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.
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