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Asia-Pacific banks grapple with conduct risk rules
Australia, Hong Kong regimes lead in developing conduct risk guidelines; Singapore lags behind
New method proposed for modelling large op risk losses
Outsize loss events modellable through extension of approach to measuring moderate losses, says research
Business growth and HQLA cuts see US LCRs fall
Cutbacks in high-quality liquid assets and higher deposits drive reductions across the G-Sibs
Latest
Quotes
It’s important the bar isn’t raised too high in terms of the entry point to data pooling
Panayiotis Dionysopoulos, Isda
Banks have to assume they could be attacked by a highly sophisticated party, including possibly a state-sponsored hack or less-sophisticated hackers – they may try to take a poke at the bank
Gilbert Kohnke, CRO, Maybank
The Federal Reserve's guidance employs a very broad definition of ‘business line’, which has the potential to capture nearly any business unit or function
Stefan Gavell, State Street
Editor's Choice
Barclays’ cyber chief: try to break your own IT defences
Banks “must go beyond vulnerability assessments”, conference hears
Big Figure
The biggest op risks for 2018
This year’s top 10 operational risks look a little different to last year’s. This time, as well as selecting the top operational risks faced by their organisations over the year ahead, firms were asked to supplement these risks with real-world examples of potential loss events, which were then aggregated and mapped to the taxonomy below. Click each chapter for a full breakdown and analysis.
Read the full article7 days in 60 seconds
Interbank benchmarks, Brexit and conduct risk in Asia
The week on Risk.net, May 12-18, 2018
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Comment
Simple models won’t cut it for systemic risk
Op risk capital: why US should adopt SMA today
Our Take
Rolet is right – for now
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