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Latest on Risk management
Citizens: tearing up the rulebook
Super-regional’s CRO streamlines RBS-era lending rules to speed up credit approvals
HSBC hires new head of model validation
Bank appoints Credit Suisse veteran to key role
Fall in market risk prods UK bank RWAs lower
Total RWAs amounted to £2.9 trillion at end-September
Latest
Quotes
We are all cognisant that we are probably [at the] top of the credit cycle and there is going to be a turn at some point in time. I think everybody is kind of focused on where the early signs are going to come from
Mohamed Basma, Voya
People barely use cheques any more, let alone recall what cheque-kiting is. The bottom line is: Basel's op risk taxonomy isn’t fit for purpose
Operational risk executive at a global bank
Asking banks to participate in additional compression runs is like ringing them up and saying, ‘Would you like a kick in the face?’ every Friday afternoon
One market observer lends his thoughts on the ongoing LCH compression row
Editor's Choice
CLO scare: could rated tranches see losses?
Structures are more solid, but loans are dicier, and recovery rates may be disintegrating
Big Figure
A quick Trim?
Twenty-one European lenders were deemed non-compliant with the European Union's internal ratings-based credit modelling standards following the first phase of an industry-wide assessment. The European Central Bank released the interim results of its multi-year targeted review of internal models (Trim) at around 65 banks in June
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Comment
We need a different approach to supervisory stress-testing
Op risk data: SocGen hit with $95m money laundering fine
Our Take
What’s Finnish for ‘too big to fail’?
If CLO investors flee, defaults could snowball