“I trusted some very intelligent people to decide where my money should go,” remarked one comedian recently, “and, apparently, they decided that most of it should go to them.” Fraud and financial...
Mounting regulations could wear away the flexibility of hydropower over time. Pauline McCallion looks at the risks faced by US hydropower operators today and the methods being used to manage them...
Use of scenario analysis in the US is on the rise again, as banks adopt new techniques to incorporate estimates into their operational risk capital models
More Features/Operational Risk articles
In assessing how culture plays a part in preventing financial crime or excessive risk-taking, it might help to look externally at national identity, and its ability to shape risk appetite or an individual’s propensity to commit fraud
French insurer Axa’s operational risk reforms will bring it in line with the impending Solvency II insurance regulations. Group op risk head Fabien Chabanon argues that there are many advantages to the new order
One of the key aims of the European Securities and Markets Authority is to deliver a common approach to regulation across the EU, ensuring consistency and co-operation across borders. Executive director Verena Ross talks to ORR about how the new regulator...
Maersk Tankers moves more of the world’s refined oil products than any other carrier, and follows a strict operational and compliance regime to ensure it does this safely. ORR talks to Maersk managers to find out what financial institutions can learn...
If the US’s proposed wide-ranging tax law comes into force, financial institutions across the globe could experience operational upheaval and enormous compliance costs, alongside potential reputational and systemic issues
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.
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