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
The computational requirements of Solvency II are driving the need for more computing power and data storage accessible on a scalable basis. Early adopters are leveraging cloud computing for their Solvency II implementation. Others are taking a more cautious approach, waiting for the industry to address key concerns such as security before they to embrace computing.
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
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.