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
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More News/Operational Risk articles
Operational risk losses are disproportionately high at large banks, new survey finds
Tyrie calls for more action on tax schemes
Mis-selling in banks requires a cultural shift, chief executive says in response to FSA report
Jenkins takes over at bank under scrutiny for Qatari fundraising and Libor rigging
Operational risk managers are heavily involved in new business and change management, but play a less conspicuous role in the front office, according to an Operational Risk & Regulation survey
Accusations that UK bank hid Iranian transactions are latest example of US authorities exporting compliance obligations
US firms expected to push back on Fatca quid pro quo
Germany may back away from Fatca if the US is not able to honour an agreement to reciprocate, market participants say
One in six firms has weak culture, employees say
Chilton warns banks to either co-operate with regulators on the Volcker rule or get out of its way, as it is definitely happening
New software could be "parallel project" to US-linked Stuxnet attack
There is no magic bullet for changing bank culture, but there some rudimentary measures that can be used to judge progress, claims MCB Bank op risk manager
Growth of e-commerce the reason behind rising losses – and regulators are concerned, says regional head of country risk management
CFTC orders Barclays to pay a $200 million penalty. Commissioner Bart Chilton says agency is "vigorously looking at individuals"
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