Risk management/Operational risk
AIB refunds €8 million to ATM customers
Billing errors have caused Allied Irish Bank to rethink its ATM anti-fraud strategy
Sheer volume of new regulations is 'risk in itself'
Banks struggling to cope with implementing the wave of new legislation might miss indications of another crisis
BCBS issues final version of report on financial sector pay
Basel Committee on Banking Supervision reveals risk-adjusted remuneration report; urges large firms to move away from remunerating employees based purely on profits
IIF report states need for bank 'bail-ins'
Institute of International Finance says the mechanisms it is proposing will protect the taxpayer from losses
Suncorp’s risk controls and ops face up to Queensland floods
Withstanding disaster
IRM tackles thorny issue of risk appetite in new consultation paper
IRM issues guidance for boards of directors of listed companies on how to set risk appetite and tolerance
Using external data to calibrate Solvency II internal models
External solutions
Understanding the hidden risk of Solvency II
The hidden risk
Deutsche restructures Taunus to avoid unnecessary capital movement
Despite reports the German Bank is seeking to sidestep new US capital rules, the restructure of Taunus will help Deustche Bank put capital to better use
Firms’ misdemeanours keep FSA in the money
The total number of fines issued by the FSA since its records began has now reached £239.8 million
Types of operational risk loss by event, March 2009 to March 2011
Losses in the ‘Clients, products and business practices’ category continue
Where sharia meets the AMA
Risk and riba
UK FSA has designs on retail product design
Designs on design
Risk Australia Autumn 2011
Counting the costs
Risk managers not convinced Basel III will help manage risk
Almost half of Fitch survey respondents say lack of regulatory clarity is the biggest issue facing the risk management industry
Risk governance biggest area of change for firms, says E&Y report
Ernst & Young's industry survey shows firms have made some improvements to risk governance and transparency, but more work still needed
Farnham appointed CEO of Turquoise
Replaces David Lester, who has become chair of the London Stock Exchange Group
Elcock appointed chief risk officer at Coventry Building Society
Ex-Barclays manager takes up role in Coventry
Christensen joins Invesco as global head of risk enterprise
Christensen will work to identify, monitor and manage key risks within the business
Security technology adviser Gorman joins Bank of America Merrill Lynch
Gorman's career spans more than 20 years in US security and intelligence technology
Middle-office managers win as compliance focus pushes up pay
ComPeer survey of wealth management firms finds middle-office heads highly valued, as industry faces 'onerous regulatory burden'
UK Treasury Select Committee says banks doing 'little work' to combat online fraud
Report express concern over disparity between growth in internet banking activity and banks' efforts to improve security