Operational Risk & Regulation - Volume 12/Issue 5
Articles in this issue
India's Satyam Computer Services charged with financial fraud
SEC accuses Indian computer company that serves more than a third of the Fortune 500 companies of overstating its income by $1 billion
Wells Fargo agrees $11 million SEC settlement over CDO sales
US SEC claims Wells Fargo Securities, formerly Wachovia Capital Markets, violated securities laws when selling CDOs tied to the ailing housing market
Deutsche Bank to appeal tribunal ruling on bankers' bonuses
HMRC tax tribunal finds Cayman Islands scheme set up by Deutsche was "purely for tax-avoidance purposes"
British man charged with operating £10m Ponzi scheme
John Hirst charged with conspiracy to defraud and money laundering. SFO claims he ran Ponzi scheme targeting expats in Mallorca
SEC charges corporate lawyer and Wall Street trader with insider dealing
SEC says actions of the two men "make it clear beyond any doubt they were involved in an illegal scheme"
Control frameworks need top-down approach
Control chaos
OpRisk North America: risk appetite, supermodels and reform
Northern exposure
Stephen O'Connor elected new chair of Isda
Morgan Stanley's global head of OTC client clearing takes the helm
Deutsche's Hrvatin embeds op risk culture using KRIs
Shifting culture
Where sharia meets the AMA
Risk and riba
Types of operational risk loss by event, March 2009 to March 2011
Losses in the ‘Clients, products and business practices’ category continue
Firms’ misdemeanours keep FSA in the money
The total number of fines issued by the FSA since its records began has now reached £239.8 million
