Risk management/Operational risk
Industry underestimating risk of cybercrime, forum hears
Survey results show infosecurity is a low concern, but industry expert says otherwise
Solvency II modelling could cause systemic risk, industry warns
Industry experts warn uniform modelling under Solvency II could lead to risk contagion
Solvency II causing uncertainty for risk managers
Call for lobbying push on details of new regulations
Risk managers have been falling behind, forum hears
Risks have overtaken risk managers in the past 10 years, according to speakers and delegates at the Ferma forum
Regulation not key driver for ERM within Nordics
ERM is being driven from within firms in the Nordic countries, according to survey results
UBS could face lawsuits after rogue-trading losses
Management failures could leave bank liable
Dangerous adaptation: the evolution of risk
Dangerous adaptation: the evolution of risk
RBC Capital to pay $30.4 million to settle charges
RBC Capital is charged with misconduct in the sale of CDOs by the SEC
Auditors to be changed every nine years, EC proposes
Leaked draft EC regulation demands sweeping changes in auditor regulation
Greater focus on OTC derivatives op risk required in Asia – Celent
Market participants in Asia need to focus more on operational risks associated with their resurgent OTC derivatives trading volumes, especially as the market moves towards trade repositories and central counterparty clearing, according to a new report…
Video: BBA says banks at risk of losing investors under ICB proposals
The capital requirements in the ICB report could make investment in financial institutions unattractive
Banks fear Fatca raises operational and systemic risks
Facing up to Fatca
Axa Rosenberg clients 'betrayed' by co-founder
Clients of Axa-Rosenberg lost $217 million because its co-founder concealed an error in one of its models, regulator says
Video: BBA gives first, exclusive views on the ICB report
In an exclusive interview, the BBA discusses whether the ICB should have looked more closely at other separation models for its final report on financial stability in the UK
Credit risk boundary events to be a focus for regulators
The Basel Committee's Sigor group will spend time on credit risk-related operational risk loss events at its upcoming October meeting in Frankfurt
Cost of control: balancing risk and expense
Cost of control
AMA and loss data collection on the rise at US banks
More US banks expected to employ AMA, while new stress-testing proposals increase interest in operational risk quantification among smaller banks
Market volatility may have brought UBS losses to light
The revelation of rogue trading at UBS follows a period of market volatility. That is nothing new, say risk managers
UK's ICB report a further complication for banks
The ICB's final report gives banks another layer of capital requirements to deal with
Foster pleads guilty to $22m fraud
Former vice-president of Citigroup's treasury finance department admits embezzlement
ICB's ring-fencing may spell the end for free banking
Industry experts fear ring-fencing of banks' retail operations as proposed in the ICB's interim report may spell the end for free banking in the UK
Insurers lack confidence in Solvency II data
Only 21% are highly confident about model data quality