Peter Slater leaving CLS to take up op risk role at Standard Chartered
Reporting requirements such as those under Fatca reciprocity make waves and divide opinion in the industry
Volcker rule requirements for chief executive compliance responsibility called into question
Beware of data leverage
FSA begins its ‘twin peaks’ approach, but some participants say questions remain over how the new structure will work
For energy traders and risk managers, operational risk extends far beyond IT and trading-systems risk to the real-world fundamentals of delivery risk, shipping delays, pipeline congestion or even a cyber attack on the power grid.
Public finance specialist rejected AMA prior to break-up, finding capital benefit might not offset costs, but fellow Belgian bank BNP Paribas Fortis argues in favour of op risk modelling
Operational risk data
The ongoing crisis in Europe is casting doubt over Basel III framework, says a former Basel Committee member
To the rescue
OCC regulator warns risk managers to re-examine data integrity and be wary of model risk
Managing operational risk
Open source software can empower developers, increase innovation and improve competitiveness, and its popularity is growing tremendously. Open source now represents an average of 29% of the code deployed by IT and technology innovators are using 60%–80%...