Jurisdictions with an intergovernmental agreement in place may find foreign financial institutions facing a legal conflict with Foreign Account Tax Compliance Act compliance
A "Dear CEO" letter from the FSA on RDR is seen as a harbinger of its new interventionist stance
The FSA’s Gerald Sampson says large, complex banks may struggle to meet a 2016 deadline for risk data aggregation and reporting standards
More Operational risk articles
In operational risk measurement, the estimation of severity distribution parameters is the main driver of capital estimates, yet this remains a nontrivial challenge for many reasons. Maximum likelihood...
The measurement and management of operational risk has become an increasingly important issue as a result of the new capital requirement for operational risk implemented in the New Basel Capital Accord...
CFTC's Chilton says a complete overhaul of Libor is needed - including distancing it from the BBA
Following losses because of a rogue algorithm, Knight Capital creates new roles
Portigon – the entity that emerged from the break-up of WestLB – moves away from the AMA for op risk calculation after forced restructure
Mis-selling in banks requires a cultural shift, chief executive says in response to FSA report
Operational risk managers are heavily involved in new business and change management, but play a less conspicuous role in the front office, according to an Operational Risk & Regulation survey
Accusations that UK bank hid Iranian transactions are latest example of US authorities exporting compliance obligations
US firms expected to push back on Fatca quid pro quo
Germany may back away from Fatca if the US is not able to honour an agreement to reciprocate, market participants say
Chilton warns banks to either co-operate with regulators on the Volcker rule or get out of its way, as it is definitely happening
This whitepaper reviews the fundamental changes of Liquidity Risk Management under Basel III. It discusses how institutions can meet the regulatory requirements on liquidity risk management by enhancing their liquidity risk analytics, funds transfer pricing methodologies, liquidity stress testing frameworks, and enterprise risk management platforms.