Potential litigants await a critical European Union probe into rate-fixing allegations before deciding whether to sue banks
Welcome to the first issue of the ninth volume of The Journal of Operational Risk. The spring and summer seasons bring a number of important operational risk conferences, among them OpRisk USA and OpRisk...
Special inspector general says agency to stay until at least 2020
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.
More Litigation articles
An extraordinary Australian court judgement shines a light on the errors and deceit that led to the granting of a triple-A rating to ABN Amro’s Surf constant proportion debt obligation in 2006. Lukas Becker reports
The fine handed out by an Australian court last year to ABN Amro and Standard & Poor’s was a rare success for post-crisis litigants in structured credit cases. The victors are hoping to repeat the trick in Europe – but what are their chances? Lukas...
The UK FSA fines UBS for failures in systems and controls leading up to Adoboli's $2.3 billion losses
Verdict in trial of Kweku Adoboli may lead to litigation against UBS, legal expert warns
Barclays' $450m settlement gives lawyers smoking gun evidence of attempts to tamper with benchmark rates
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.