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Latest on Risk management
BoE makes climate risk a hot topic for banks
Financial institutions must entrust oversight of climate risk to named individual under senior managers regime
LCH veteran Davie set to depart
Clearer looking to fill new role in head of SwapClear and listed rates
US mid-sized banks may bulk up. (Is that safe?)
The crisis over a decade gone, the Fed’s ‘tailoring’ proposal will greatly relax rules on the mid-tier
Latest
Quotes
More mid-size banks, with greater risk for each of these banks, does not seem safer to me
Stanford University's Darrell Duffie offers his thoughts on the Fed's tailoring rule
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
It is amazing how many people have arguments on chat – between sales and trading over who is responsible for a loss, for example, if they have to report it, say, within 24 hours. We can just look at the chat and flag it to operational risk
Andrew Brodie, global head of front office conduct surveillance at BNP Paribas, listing some eavesdropped chats at OpRisk Europe
Editor's Choice
Life’s a breach: banks settle uncomfortably into GDPR
A year into exacting data privacy regulation, ramifications are becoming more tangible
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
Don’t fear the clearer
Teach history to avoid mistakes of yesterday’s quants
Our Take
Can bankers stop the trading book killer?
Whose leverage ratio is it anyway?