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OM appoints Asia-Pacific head

OM Technology has appointed Paul Bennett as president for the Asia-Pacific region, reports RiskNews' sister publication, Dealing With Technology .

Algorithmics assesses its op risk market

Demand for third-party operational risk management applications is growing steadily, but there is still no sign that there will be a dramatic uptake in the near future, says David Syer, director for operational risk at Toronto-based risk management…

US regulators scorned over "prescriptive" proposal

The financial services industry's reaction to a new proposed statement from US regulators on complex structured finance activities was "somewhere between terrified and scornful", according to one industry association executive. Another industry…

Regulatory fines moved into legal risk definition

According to a source close to the Basel Committee on Banking Supervision, the concept of legal risk will be explicitly broadened in the final version of the Basel II document, due out at the end of June – to include fines, penalties and punitive damages…

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