Operational Risk & Regulation - Volume 10/Number 9
Articles in this issue
Ernst & Young survey shows risk management bigger, but not better
NEW YORK - Actions taken by firms to strengthen their risk management procedures are too often proving ineffective and possibly counter-productive, a survey has revealed.
Highly cultured
Patricia Jalleh, head of group operational risk at United Overseas Bank Group, says that to achieve a robust op risk framework, a risk culture must be well and truly embedded within the firm. And no risk culture is perfect - it's a matter of constantly…
Best-laid plans
Financial regulation around the world looks set for the biggest overhaul in recent history. But those implementing change face a number of obstacles, some of which might prove insurmountable. Duncan Wood looks at the challenges ahead and speculates on…
Be prepared
Nobody likes change. And it is difficult at the moment to predict where the US is heading next on the regulatory front. But having an enterprise risk management system in place will help banks face the coming market and regulatory challenges. Victoria…
Traitors in our midst
As staff turnover rises and the pressure to perform increases, firms face the very real risk of good (or not so good) employees going bad. David Benyon looks at what firms can do to deter wrongdoing and protect their less tangible assets
More for your money
A new OR&C Intelligence Survey shows that, as profits fall and levels of fraud increase, financial institutions are working hard to adopt an enterprise-wide approach to fraud management. Victoria Pennington assesses the results
Axis of AML
Countries in the Middle East and Asia have a history of battling against money laundering and terrorist funding. Now the financial crisis has brought it home to regulators and banks that more needs to be done to stem the rising tide of money laundering,…
A combined effort
Rather than running the business process and operational risk management frameworks in tandem, why not combine them and use one structure to comply with many rules? By Dennis Dickstein
