The BBA has submitted a letter to the US Treasury and IRS raising concerns that Fatca could cause systemic and reputational risk
Reputational risk can be managed but not modelled, speakers say
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.
More Reputational risk articles
Eddy Wymeersch calls for independent risk function at top level
Former SEC and DoJ spokesman says uncertainty over new tactics is a powerful tool
US investment bank publishes results of operations review, and planned changes to business practices
The OpRisk Asia conference held in Hong Kong last month highlighted the key concerns for op risk managers in the region, with product suitability coming top of the list
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.