Companies can’t battle threats on their own, CFTC told
Libor-rigging and similar misconduct across multiple firms may be the result of 'macro-cultures'
JP Morgan’s Jamie Dimon and ex-StanChart CEO Peter Sands are no fans of the RWA approach
Practitioners, vendors and service providers invited to enter by the end of April
Megan van Ooyen from SAS rounds up the top five operational risk losses for March 2017
Ramp-up in regulatory scrutiny of model validation sees banks turn to black boxes
Jump in delinquencies at some lenders prompts questions over modelling practices, but firms stand by their approach
Smaller banks’ modelling practices under growing scrutiny, but ability to comply is stretched
Ex-StanChart chief exec advocates replacing current op risk capital framework with regulator-set buffer
Cost of implementing GDPR ‘could reach hundreds of millions’ for largest banks
Exempting ailing banks from CCP wind-up process could force wider allocation of losses
Commodity trading and risk management software moves to the cloud, but experts urge caution
Read Risk.net's coverage on the controversial move to the standardised measurement approach
Revised op risk capital framework unlikely to be implemented uniformly, even when a deal is agreed, bankers say
Requirement to recover from cyber attack within two hours unrealistic, he says
Megan van Ooyen from SAS rounds up the top five operational risk losses for February 2017
Amended Financial Choice Act eliminates stress tests for funds, lobbyist claims
Risk managers should feed each level of the company only the risk information it needs
BoE, BaFin and CFTC move signals concern over whether client positions can be moved between banks in a crisis
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.
‘Advanced persistent threat’ attacks threaten wholesale payment networks
Credit Suisse, US Bank and others to showcase results in March; no update on Digital Asset and JP Morgan project
‘Vague’ anti-manipulation standards a source of frustration for energy firms
Operational risk and the three lines of defence in UK financial institutions: is three really the magic number?
This paper examines the three lines of defence in the context of ORM in UK financial institutions.