Anders Meinert Jørgensen, head of group operational risk at Nordea, talks AML awareness and pace of framework change at the bank
The Bank of New York Mellon has failed in its bid to dismiss a lawsuit that alleges it lost more than $1 billion by mishandling pension funds’ investments in Lehman Brothers
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.
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Former hedge fund manager Steven Fortuna will pay $300,000 to settle charges in the Galleon Management insider-trading case
Highlights of OpRisk North America were presentations on setting risk appetite, how to model more effectively and the importance of interconnectedness in op risk management
US institution claims employees cannot take customer lists to new employer
Hedge fund arrests lead to trials for pair from Galleon and New Castle
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.