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Latest on Risk management
Digital forex settlement volume tipped to rise tenfold
DLT platform aims to settle $100 billion of currency trades by year-end
Stoplight system could spot meltdowns ahead – study
Proposed traffic light system sifts through transaction data for signs of trouble
Eurex cross-currency swap clearing faces continued delays
Clearing house eyes June release; dealers voice concerns over liquidity and margining
Latest
Quotes
Losses due to fraud or business disruption can be triggered by a cyber attack, or by different channels. It may not be necessary to completely destroy the Basel definitions to create a common taxonomy
Filippo Curti, an economist at the Richmond Federal Reserve
When you’re going into the exam, should you not at least know what the subject is? It’s one thing to give out the answers, it’s another thing to know what’s covered
A senior stress-testing executive at a US bank reflects on the Fed's CCAR disclosures
Machine learning has the potential to reduce false positives and create more efficiency so resources can focus on what is truly suspicious based on the business and risk appetite of the firm.
Jayati Chaudhury, global investment banking lead for AML transaction monitoring at Barclays
Editor's Choice
Smart weaponry aids bank fight against money laundering
Advanced algos and machine learning gain credence as regulators encourage innovation
Big Figure
Still going rogue
Despite slipping a place on Risk.net’s 2019 list, theft and fraud is still many operational risk manager’s worst nightmare. The idea of a massive heist by enterprising hackers, mercenary employees or plain old bank robbers, possibly followed by fines and penalties, keeps the category near the top of the op risk survey year after year.
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Comment
Teach history to avoid mistakes of yesterday’s quants
We need a different approach to supervisory stress-testing
Our Take
Will the Nasdaq default spur CVA for CCPs?
Op risk past is prologue for UK banks