Operational Risk & Regulation - July 2015
Articles in this issue
Q&A: OCC’s Dugan warns op risk managers over new products, third parties
Banks must exercise caution as they adapt to changing demands of industry, says Beth Dugan, OCC head of op risk
Regulatory changes put spotlight on UK auditors
UK regulators try to lift the standard of external auditing
Banks are de-risking due to lack of regulatory direction
Conference hears of conflicting guidance
Bank reforms starting to reduce risk of reputational damage
Losses illustrate scale of reputational exposure
Measuring the business value of operational risk management
Case for ORM goes beyond capital and compliance benefits
Top five losses: banks hit by forex fixing fines
Operational risk loss data – May 2015
The problems with delayed enforcement
First UK Libor trial highlights the length of fraud investigations
Sound corporate governance at the heart of op risk – French regulator
Thomas Friang sets out vulnerabilities of financial institutions at OpRisk Europe
Op risk models must aid management to be effective, conference hears
Quantifying risks useful, but only when informing decision making
Culture and conduct risk management 'must focus on customer'
Openness and customer experience central to avoiding conduct losses
Cyber attacks are inevitable, conference hears
Resilience is key to surviving breaches
Panel defends value of modelling at OpRisk Europe
Avoid temptation of over-complexity, risk experts say
Business side must be challenged on risk reports, conference hears
Frontline business may avoid addressing major risks
HSBC op risk team "were not delivering full value", Cooke says
Overhaul focused on simplifying op risk management
Unicredit and Invesco say culture is key and can be measured
OpRisk Europe speakers underline need for metrics for good conduct
Banks should penalise excessive risk-takers
Hit them "in the pocket" says Credit Suisse op risk chief
Libor trial: the first two weeks
How the Tom Hayes trial unfolded day by day
Banks prepare to handle challenges of Fatca and its offspring
Wave of tax-enforcement laws bringing new compliance demands
Deutsche Bank loses co-chiefs after Libor probe, and other recent job news
Anshu Jain and Juergen Fitschen to leave in June 2015 and May 2016 respectively
Deutsche and BNY Mellon fines push FCA total to near-record
Total fines of over £400 million by end-April demonstrate continued regulatory action
