Libor-rigging and similar misconduct across multiple firms may be the result of 'macro-cultures'
In this paper, a structural model is presented for estimating losses associated with the mis-selling of retail banking products. It is the first paper to consider factor-based modeling for this operational/conduct risk scenario.
Aggregation of conduct risk losses is recommended practice, but it can seriously distort capital calculations
Eight interlocking trends mean more multi-billion-dollar losses to come
Regulators could rescue op risk modelling through Pillar 2, writes former supervisor
Risk-taking ought to be judged by its necessity, not likely outcomes, says Ariane Chapelle
CFTC redefines insider trading for the swaps market
Ex-Barclays chairman says managers should take “stewardship responsibility” for bank conduct
Code covers ethics, governance, information sharing, execution, risk management, confirmation and settlement
Nancy Harrington Jones is promoted; Cheri McGuire joins Standard Chartered as CISO; Penny Judd exits Nomura
Participants excited about conduct guidance, but say firms' internal behaviour will ultimately create change
Standards body “rolling out much broader and deeper assessments in 2016”, says Citi’s Bardrick
Former rogue trader says new UK rules could "change the way people look at risk"
Definitions, reporting lines, frameworks and metrics vary among major banks, Risk.net research shows
Conduct risk is a hazy idea, whose success will depend on its effectiveness in managing risk
Bank actions show how emphasis on culture and conduct has risen globally since 2011
MPs accuse FCA of failing to recognise perceived importance of dropped bank culture review
Risk.net presents the Top 10 Operational Risks of 2016, as chosen by risk practitioners
Regulator emphasis and high-profile attacks keep cyber threat top-of-mind
Personal accountability rules will also see rise in internal attestations and impact on recruitment
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Front-running concerns could leave market more exposed to liquidity risk
Forex market participants prepare for end of unregulated markets
Good risk culture makes firms more responsive, says UK regulator’s head of enforcement