Operational Risk & Regulation - Vol 8 No 9
Articles in this issue
Convergence is key
SPONSORED STATEMENT
Barclays/Woolwich named and shamed by UK financial services authority
LOSSES & LAWSUITS
US SEC sues Sentinel Management Group over client assets
LOSSES & LAWSUITS
Monster.com job database comes under attack by phishers
LOSSES & LAWSUITS
The urge to converge
Convergence is a clear goal for many in the industry, but uniform implementation is proving tricky, finds the latest survey from OpRisk & Compliance and Ernst & Young
Networking sites give away too much info
LOSSES & LAWSUITS
Young Russian hackers defraud Turkish bank customers
LOSSES & LAWSUITS
Fidelity National faces suit for negligence
LOSSES & LAWSUITS
Subprime crisis shows why firms need ORM
It's hard to not be a bit worried by the subprime crisis and the spin-off events that have cascaded through the financial markets over the past few weeks. And it is ironic that the crisis kicked off in the US, where regulators have made such an unholy…
Westpac acts over A$11 million funds transfer error
LOSSES & LAWSUITS
Wilson, Marsh, Choi
CHANGING HATS
Strength in numbers
Data consortiums for loss information are popping up all over the globe. Why are they proving so popular? Duncan Wood reports
'Big five' retain the consultancy crown
The usual suspects appear at the top of OR&C 's survey of consulting firms, but not without having their heels nipped at by the increasingly advancing competition
A narrowing gulf
Many Middle Eastern nations are keen to implement Basel II, and larger banks have been stepping up efforts to develop an op risk framework. But smaller banks are being hindered by a shortage of resources and experienced staff, as Victoria Pennington…
Measures for measures
Consistent quantitative operational risk measurement is vital to the health of banks and financial institutions. Andreas Jobst offers guidance on enhanced market practice and risk measurement standards
A tough balancing act
The Office of the Comptroller of the Currency, under the watchful eye of deputy comptroller Kevin Bailey, is moving ahead with its Basel II policy. Victoria Pennington reports
The only way is up
Until now, op risk and compliance professionals have not been as well remunerated as their counterparts in other risk disciplines. However, with increased demand for those with the right skills, this looks set to change. Peter Madigan reports
Doing the groundwork
The start of Reg NMS's pilot phase in July may have led compliance teams at brokerages to believe most of their work is done. But, as Peter Madigan explains, things are just getting started
