CFTC's Chilton says a complete overhaul of Libor is needed - including distancing it from the BBA
Others on the ETF desk were aware that alleged UBS rogue trader was hiding profits in an "umbrella" account, court hears
Following losses because of a rogue algorithm, Knight Capital creates new roles
In this paper (in English and German), Genscape has analysed Combined Heat and Power or Central Heat and Power (CHP)production in the German market, the challenges it raises for market participants, and the key steps required to address the fundamental lack of transparency in CHP plant production.
More News/Operational Risk articles
Rogue trades went undetected for almost three years, prosecution says
The trial of UBS rogue trader Kweku Adoboli started this morning – and the defence will claim UBS colleagues were complicit
Portigon – the entity that emerged from the break-up of WestLB – moves away from the AMA for op risk calculation after forced restructure
Operational risk losses are disproportionately high at large banks, new survey finds
Tyrie calls for more action on tax schemes
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.