Mark Sands
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Speakers at OpRisk Europe focused on the challenges brought by rule changes – what supervisors are doing to provide clarity and avoid regulatory arbitrage, and what firms can do to ensure they’re ready...
Original headline:
Recent high-profile convictions mark success for regulators’ increased market surveillance efforts, and this greater emphasis on oversight means firms are having to reassess their own monitoring systems...
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Senior Fed regulators call on banks to restart research into op risk management
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More Mark Sands articles
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Regulators keen to see evidence of how institutions identify emerging risks in next round of stress tests
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New standards will clarify definitions and requirements for reporting to loss data consortium
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Volksbank op risk head says many continuity plans do not reflect lessons from the financial crisis
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Former SEC and DoJ spokesman says uncertainty over new tactics is a powerful tool
Original headline:
Canada’s tight-knit and conservative banking community weathered the financial crisis well, due to its restrained approach to risk and a good relationship with its savvy regulators. ORR talks to some in the market about this success, and where op risk...
Original headline:
John Wertheim, Citi’s head of operational risk for Europe, the Middle East and Africa, says that while a bank can’t always limit the number of op risk losses it experiences, early detection can lessen their severity
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FRB building models to compare and benchmark bank results from late 2011
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