Operational Risk & Regulation - Volume 12/Issue 6
Articles in this issue
Op risk in Canada: a recipe for success
Oh, Canada
IRM tackles thorny issue of risk appetite in new consultation paper
IRM issues guidance for boards of directors of listed companies on how to set risk appetite and tolerance
Institutions must increase scrutiny of sanctions lists after Bin Laden's death
The death of Osama Bin Laden is likely to mean movement of terrorist assets, which means banks must be on their guard, says Logica director
Firms face heightened op risk while implementing US CCP rules
Through a glass darkly
UBS ordered to pay $160 million in fines by SEC
Swiss bank charged with undermining the competitive bid process of municipal securities
Citi's Wertheim: Operational risk function must detect to protect
Detective stories
IIF report states need for bank 'bail-ins'
Institute of International Finance says the mechanisms it is proposing will protect the taxpayer from losses
The ORR 20: Compliance software rankings 2011
GRC is back
Sigor plans new LDCE to capture operational risk losses since crisis
Working group is also considering raising betas in the Basel II standardised approach to encourage movement towards the AMA, but some say this is not the answer
Poulos joins Citi as global head of business continuity
Says crisis management is 'vital' part of new role
SEC appoints director for national broker-dealer examination programme
Will oversee a staff of about 300 responsible for the inspections of US-based broker-dealers
SEC charges three execs in California with boiler room fraud
mUrgent Corporation and three of its executives charged with $10 million fraud
Sentences handed down in Omni fraud case
Delroy Davy convicted of bank fraud, sentenced to 14 years in prison
Mortage company chair convicted on 14 counts of fraud
Sigtarp says: "This is the most significant criminal prosecution to date rising out of the financial crisis"
British banks ring-fence more than £5 billion for PPI compensation payouts
Banks will not appeal decision of judicial review regarding complaints against them and have set money aside for settlements
Rajaratnam: 'The Wire' meets Wall Street
OR&R speaks to lawyers on both sides of the Atlantic to divine the implications of the largest insider-trading conviction of all time
UK consumer protection: the fuss over the FSCS
The UK’s Financial Services Compensation Scheme (FSCS) was set up to ensure consumers could be compensated if their bank went under. But who should be paying for it? And what does its future hold as the country’s financial regulation framework is…
Types of operational risk loss by event, April 2009 to April 2011
SAS presents the highest op risk losses in April and ABA Operational Loss Data Sharing Consortium analyses Q4 losses in the US
