Editor’s letter
Keeping pace with a changing industry
Welcome to the 'new look' OpRisk & Compliance magazine. As many of our long-time readers will know, OpRisk & Compliance has come a long way over the past few years – we are working hard to keep up with the rapid evolution of the disciplines of…
Editor's letter
Editor's Letter
GAO report: common sense with a twist
The new report from the US's Government Accountability Office has much common sense in it.
Schrodinger's life fund
Editor's letter
A kick up the backside
Just what are the world's regulators doing to help move forward the discussion around operational risk?
The joys of outsourcing
Editor's Letter
The advancing tide of rationalisation
Rationalisation, rationalisation, rationalisation. There is no denying it, this is the major theme in operational risk in the US at the moment, and it is a trend that is spreading to Europe as well.
The pathways to probability
Editor's letter
Operational risk at a crossroads
Just where is operational risk going? This is the question that, in one form or another, seems to be dropping from the lips of most executives in the field these days. People are clearly worried.
Looking for hidden options
Editor's letter
Aftershocks of the Big Bang
At the end of October, the City of London celebrated the 20th anniversary of the 'Big Bang' – the first big deregulation of the financial services industry in the UK.
Plain English please
Complaints are reaching me about the way in which the US regulators have released the notice of proposed rulemaking (NPR). My sources point out that the advance notice of proposed rulemaking – released way back in those halcyon days of August 2003 – came…
The pragmatists fight back
Editor's letter
Op Risk + Technology
A bit of an update from me on what's happening at OpRisk & Compliance this month.
The Pandora's box of transparency
Editor's letter
A question of definition
Editor's letter
Time to get cracking on Mifid
I always find the purple and green backlighting that the Financial Services Authority uses on the stage sets at its events to be a bit disconcerting – something about the colour combination makes my eye ache.
Market impact
Editor's letter
Flag-waving (not wavering)
As an American living in London, I've been acutely aware of the differences a small body of water can make to people's perceptions on certain issues.
Regulatory arbitrage
Editor's letter
New US NPR questions
The US notice of proposed rulemaking (NPR) has finally been published.