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%...
A global financial services giant finds that the Black Duck Suite enables it to realise the compelling economics of open-source software while solving the significant management, compliance and security challenges that weighed down productivity and exposed...
Goldman Sachs' treatment of clients not unusual, psychologist says
Resignation letter links derivatives trade to moral collapse at bank
Fatca passthru payments need to be scaled back, according to one industry expert