Operational Risk & Regulation - Volume 12/Issue 8
Articles in this issue
A simple formula for operational risk capital
A new formula from the Japanese FSA allows a straightforward and risk-sensitive calculation of capital levels, which could mean many banks increasing their AMA capital holdings
OpRisk Asia: the perils of prosperity
This year's OpRisk Asia conference saw speakers warning of the dangers of fraud, regulatory overreach, and bank overconfidence
Lamb discusses CME Clearing Europe's goals
A clear goal
SFO's Alderman shows serious survival power
Six months after it was scheduled for dissolution, the UK Serious Fraud Office is here to stay. Director Richard Alderman links the enforcer's survival to the new Bribery Act
Curing the culture of fraud
Internal affairs
Financial institutions adhere to Middle East sanctions
The recent uprisings in the Middle East have presented increased challenges for financial institutions doing business in the region. Institutions have been required to react to and comply with imposed international sanctions
Former Citigroup employee charged with fraud
Former vice-president of Citigroup's treasury finance department charged with bank fraud
RBS faces $100 million lawsuit in US
RBS being sued in the US by Highland Capital for $100 million
UK trio sentenced for phishing scam
Three men have been sentenced to a total of 13 years and six months for their part in a phishing scam that attempted to steal more than £1.3 million
JP Morgan Securities charged with rigging municipal bonds
JPMS rigged at least 93 municipal bond reinvestment transactions in 31 states, SEC says
Former chair of Taylor, Bean & Whitaker sentenced to 30 years
Lee Farkas, former chair of TBW, has been sentenced to 30 years and ordered to pay back $38.5 million
Lowrance charged with using investor funds for Ponzi scheme
Jeffrey Lowrance charged with using investor funds in a Ponzi scheme to fund start-up newspaper
Adkins quits Financial Fraud Enforcement Task Force after 17 months
The executive director of the financial fraud enforcement task force has quit his post after just 17 months
NCB appoints vice-president of financial audit and control
NCB has appointed Jonathan Klugman as vice-president of financial and audit control
Six Securities Services names Wieland as clearing chief
Urs Wieland has been named CEO of Six Securities Services
Types of operational risk loss by event, June 2009 to June 2011
SAS June data shows a return to smaller losses, and FinCen's new data shows the number of suspicious activity reports filed by US depository institutions falling for the second year in a row
