Operational Risk & Regulation - Volume 11/Issue 4
Articles in this issue
Banks urge Cebs to rethink operational risk guidelines
New op risk document from Cebs stirs up discord among op risk managers
New RBS task force to drive AMA standard
RBS creates a new body looking at driving efficiencies in op risk management and raising its function to AMA standards.
The case for scenarios in op risk loss databases
Scenario analysis is gaining in popularity following the crisis and loss data consortia are quick to cater for this renewed interest
Banks create roles to manage supervisory relationships
Increased regulatory scrutiny means compliance officers are spending 20% of their time dealing with requests from regulators, creating a single liason officer therefore makes good sense
EU struggles with cross-border crisis rules
Senior regulatory figures speak out on future legislation at a Brussels conference
FSA surprises UK banks with tougher stress tests
Operational risk to be included in future stress tests by the UK regulator.
City operational risk exec salaries rising
Demand for operational risk management experience is pushing up salaries.
A common language
Goldman Sachs’ operational risk management department has two global co-heads, Spyro Karetsos and Mark D’Arcy, who together are using a ‘Rosetta Stone’ approach to break down operational risk language barriers between business lines.
Road to transition
For a moment it looked as if the post-crisis drive for reform was losing momentum. But the Basel Committee on Banking Supervision has established working groups to keep the industry focused, and to propose ways to keep moving forward
A capital suggestion
To prevent another financial crisis, should regulators introduce more of the same – that is, greater capital requirements – or should they take a completely different approach and address corporate culture and behaviour instead?
Making Solvency II stick
Dubbed 'Basel for insurers', operational risk management under the Solvency II regime is still mystifying most in the insurance world. This case study highlights the basic issues to consider.
MAD world
Hedge fund managers might unwittingly be exposing themselves and their firms to compliance risks by failing to fully address the Market Abuse Directive. Should they act now and review internal policies and systems as a key part in abuse detection?
Passage to India
It’s a long way from Basel to Mumbai, and it will be a while before India’s banks have fully implemented the Basel II capital requirements framework. OR&R looks at how far they have come, and the obstacles they must overcome on the path ahead
