Operational Risk & Regulation - April 2014
Articles in this issue
First stage of IRHP redress complete
FCA-ordered review finds 18,737 'non-sophisticated customers' sold hedges, most against the rules; payout could reach £2.67 billion
Six down, many more to go in Libor rigging investigation
Three more bankers charged by SFO with conspiracy to defraud
State Street fines put spotlight on transition management firms
Review of overlooked sector follows £22.9 million penalty for overcharging customers
Trust is critical for operational risk loss databases
Data-sharing consortiums depend on trust, but individual firms face a prisoner's dilemma whereby providing false information can sometimes be beneficial
Credit Suisse under fire over tax evasion
US Senate Committee promises to push Justice Department to prosecute more evaders
Long-delayed settlements complicate op risk capital models
Delayed impact of 2008 crash means higher capital demands
Six major banks sign up to Swift's KYC exchange
Project aims at due diligence database
Capital inflows plus risk appetite equals crisis, conference hears
Competition with bond markets raises danger of crash
Studies reveal role of donations in shaping US regulation
Fed's role jeopardised by political pressure and lobbying
Gold-plating will stay common, academic argues
Race to the top likely on Basel and other rules
Top five losses: mortgage loan settlements dominate
Operational risk loss data – February 2014
Ukraine crisis renews importance of KYC
Sanctions and transaction reporting grow in prominence
Federal insurance oversight is the wrong move, Connecticut regulator says
Post-crisis reforms take supervision to the wrong level
Universal Fatca runs into political obstacles
OECD plan still some way off reality
AIFMD transition causing worries for fund managers
Tight timetable gives Europeans little time to comply
US banks worry over fuzzy Fatca requirements
IRS still unclear on compliance details
Signs of hope as PPI complaints start to taper
Ombudsman reports mis-selling appeals levelling off
Leder returns to SEC in cross-border role, and other recent job news
Paul Leder rejoins after 14-year stint in private practice
Special report: KYC
A series of articles about know-your-customer
