Operational Risk & Regulation - Volume 11/Issue 9
Articles in this issue
FSA revised pay code ‘tightens the screws’ on remuneration
New UK bonus rules are widened to cover thousands more investment firms
MAS ups DBS's op risk capital number
DBS censured by Singapore regulator for IT outage, required to hold more op risk capital
Data and systems top concern for op risk managers, says survey
Survey responses from more than 50 op risk managers suggest data and systems management is the leading concern, rather than adopting an enterprise risk management framework, which was flagged as the top issue in last year's poll
Barclays stumps up $298 million after evading sanctions
US district court judge not happy about "sweetheart deal"
HSBC faces money-laundering investigations by US regulators
Admits is is likely to face enforcement action
Lehman, HSBC could face lawsuit over Hong Kong minibonds
US judge rules holders of minibonds may sue
UK FSA bans director amid insurance fraud crackdown
Andrew Jeffery banned and fined over insurance fraud failings
US regulators assess rating agency alternatives
FDIC's Bair says agency ratings being inappropriately used as substitute for due diligence
Santander IT collapse leaves A&L customers unable to access accounts online
Bank suffers IT gliches while loading Alliance & Leicester accounts onto Santander system
Mizuho provides a model model for AMA in Japan
Japan’s regulator points to Mizuho Financial Group’s operational risk management model as an example for banks in the country to follow. Shigehiko Mori, the group’s head of operational risk, talks about how the model works and his plans for continued…
A bullish time ahead for Asia
Asia’s rapid growth and buoyant consumer confidence continue, and the region is emerging from the financial crisis as an economic powerhouse. Operational risk managers and regulators alike must keep pace with this bullish market if they want to avoid…
The UK revamp: What will get lost in the shuffle?
A new fraud-fighting body is being created as part of the UK government’s shake-up of financial regulation. Some welcome the proposed Economic Crime Agency, saying its integrated approach is just what is needed. Others worry valuable aspects of the old…
Asset managers feel the op risk pressure
Increased regulatory scrutiny combined with investor demand for better transparency and corporate governance standards is driving improvements in the way operational risk is managed at asset and fund management businesses since the events of the…
Dodd-Frank sends banks on journey into the great unknown
The passing of the Dodd-Frank Act into US law signifies profound changes for banks and regulators. But how they should prepare now for the new legislation is still far from certain
ORX surveys finds scenarios are thriving
The Operational Risk Data Exchange (ORX) recently surveyed its members about their use of scenarios in managing operational risk, and discovered firms attribute considerable value to the process
Types of operational risk loss by event, July 2008 to July 2010
The losses from July's top five op risk events doubled those of June
Liquidity risk management sponsored roundtable: Tips of the trade
A panel of experts was convened by Operational Risk & Regulation for this virtual roundtable, sponsored by Sybase, in which they discuss the main challenges facing financial institutions in meeting new liquidity regulations, including the extra data…
Sponsored feature: Taking liquidity stress testing to a higher level
Offering highly secure, high-availability software solutions that meet the trading industry’s needs for intensive transaction processing, advanced analytics and modelling, Sybase provides some perspective on the importance of liquidity stress testing and…
