ANZ
ANZ poaches Rabobank’s food and agri risk team
ANZ Investment Bank, the investment banking arm of Australia and New Zealand Banking Group, is to expand its role in soft commodities by hiring four ex-Rabobank staff in London. The move will establish ANZ's presence in agricultural futures.
Operational risk: the last frontier
This month sees the publication of a position paper on operational risk by the Basel Committee on Banking Supervision. Mark Lawrence, ANZ Bank’s chief risk officer and an expert on Basel’s controversial proposals for a charge on op risk, tells us what to…
Data trouble
Regulators insist that they want a capital charge on banks’ operational risks. But the plan rests on the ability of banks to collect data and model the risks involved, and there’s a frightening lack of agreement on how to do that.
Marking the cards at ANZ
Mark Lawrence of ANZ Group describes how the bank chose and developed a “scorecard” approach to measuring operational risks, and how – 12 months after the start of the project –it is already achieving a more efficient allocation of capital.