Ex-BBA head of Libor admits industry body shouldn't have been in charge
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More Operational risk articles
Industry body regularly heard "everybody else is doing it, but we are not"
Regulators will also ban last look without intent to trade
Trade association didn't have power to censure rule breakers
Losses illustrate scale of reputational exposure
Banks used Libor post-crisis to boost their perceived strength
Banks must exercise caution as they adapt to changing demands of industry, says Beth Dugan, OCC head of op risk
Agency “much more aggressive” in fining firms for reporting errors, say lawyers
Jury also hears of his 2010 dismissal from Citi
Spreading the net wide enough to catch as many data sources as possible is key to tackling emerging risks
Conference hears of conflicting guidance
A scaling methodology to include external data in operational risk calculation is introduced
Court hears of payments promised in exchanged for skewed submissions
Judge backs regulator on key legal questions in allowing suit to proceed
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