Op risk managers must be prepared to challenge popular staff and products in order to control conduct risk, a speaker at OpRisk Asia warned today
The redress process continues for UK businesses sold inappropriate interest rate hedging products by their banks, with the cost of compensating them now over £1 billion
The renewed focus in the UK on conduct risk means firms must ensure that their conflict management policies and procedures are fit for purpose. John Ahern, a partner at law firm Jones Day, looks at the...
More Mis-selling articles
Conduct risk and corporate culture are live issues for Steve Verney, chief risk officer at Allstate, but he also sees the need for risk involvement in business decision making – and preparation for possible reform of capital rules
Dealers settled a crop of disputed derivatives trades with Portuguese state-owned entities last year, with one exception – Santander is set for a court battle with the country’s state-backed rail operator, over a trade that critics describe as “nonsensical”....
A recent appeal court decision should be a relief for banks facing civil suits as well as penalties for mis-selling
£28 million penalty for poor incentives – but op risk still largely excluded from pay policies, survey finds
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.
Hong Kong, 1st - 31st Dec 2014
UK, 18th Mar 2015
Singapore, 22nd - 23rd Jul 2014
Australia, 12th - 13th Aug 2014
Australia, 14th Aug 2014