Lloyds banking group
FCA-ordered review finds 18,737 'non-sophisticated customers' sold hedges, most against the rules; payout could reach £2.67 billion
Capital and funding efficiency is a new discipline for derivatives desks, and there is a shortage of comprehensive systems - so Lloyds Banking Group teamed up with Markit to build one
£28 million penalty for poor incentives – but op risk still largely excluded from pay policies, survey finds
Insurance Risk and BNY Mellon have conducted a survey to look at how insurance companies are preparing for the new regime and the opportunities and challenges that the changes will bring.
More Lloyds banking group articles
Three out of four major UK banks now link incentives to more than just sales, regulator says
£900 fee per PPI claim handled has seen banks rack up millions in charges
Senior op risk staff set to move into private sector
Pushing through a merger is more than just a challenge of negotiation and fundraising. It can expose both parties to significant new operational risks. And the dangers aren’t past when the deal is signed – in many ways, they’re just beginning....
Heads of operational risk say banks aligning remuneration to risk objectives
This paper discusses a number of diverse considerations that risk managers need to incorporate into their thought processes and recurring procedures if they are to fulfill their role more effectively in the future