Operational Risk & Regulation - July 2014
Articles in this issue
Standards panel will use ombudsman data to monitor bank quality
Complaints-upheld data could mean trouble for major banks
Focus on survival not just data security, cyber experts say
Concentrating on data breach prevention may be a mistake, panel warns
Appeal opens the way for complex UK fraud trials
Trials to proceed despite barrister opposition to legal aid cuts
Finra: poor controls around HFT a big concern
HFT operational monitoring a real issue
ORX launches insurance loss data sharing service
Six major insurers join on launch, more will follow by 2015 start date
Orsa reports and third-party relationships at MassMutual
Head of op risk discusses concerns about the Orsa and third parties
Managing conflicts of interest to mitigate conduct risk
Financial institutions must ensure clients' interests aren't compromised
Tackling substance misuse "too costly for banks"
Scale of problem seen as too great to address directly
US appeals court ruling on Citi settlement ‘too late’
Overturning judge's rejection of Citi settlement won't have much impact
Get full buy-in for risk appetite, conference told
Disconnect between business and control can be a problem in banks
How UBS reacted to Adoboli losses
Op risk framework head at UBS praises "front-to-back" model
Regulators must define conduct risk, Nomura op risk head says
Conference hears of need for conduct risk definition by UK regulator
Cyber threat 'impossible to avoid'
Delegates hear that zero risk appetite to cyber can be costly
Reputation risk hinges on media and customers
Bank Austria's Helbok describes problems of international image
Op risk tolerance, not appetite, White tells conference
UBS op risk framework head describes struggle with defining op risk appetite
Changing attitudes to privacy will pose a major cyber risk
OpRisk Europe conference warns of dangers of post-privacy generation
Building an invisible framework for risk management
Invisible framework enables risk management in a more efficient manner
Too many agencies involved in AMA for common approach
Regulator warns reaching common standard will be difficult
Conflicts of interest a key concern for Finra
Management of conflicts of interest needs attention, says regulator
The heavy burden of regulatory settlements
How a few tail losses can skew capital calculations
Top five losses: Credit Suisse $2.6bn payment caps quiet month
Operational risk loss data – May 2014
How to build a conduct and culture risk metric system
Measuring conduct risk and culture is now a priority for banks
Whistleblower costs will rise further for Paradigm Capital
SEC whistleblower case will bring more than just monetary fine
Don't let the pressure off conduct risk
Focus on conduct needs to be backed by promotion decisions
Scenarios fill the speculative gaps, op risk panel says
AMA risk management and op risk modelling cannot succeed by data alone
Conduct risk definition a challenge, says OCC
US regulators discuss conduct and culture
Interest rate hedge mis-selling bill tops £1 billion
Redress payments still rising for UK banks over unsuitable rate products
Co-op hires values and ethics head, and other recent job news
Member of UK's Equality and Human Rights Commission joins Co-op
Special report: Conduct risk
A series of articles about conduct risk
