FOA Launches Operational Risk Advice Panel

The U.K.'s Futures and Options Association (FOA) last week launched a new initiative dubbed the Operational Risk Review Panel. The panel is designed to offer inexpensive advice on operational risk to end-users of derivatives.

Michael Jenkins, chairman of the FOA, says the panel will act as a "practical helpline" for corporates and fund managers worried about operational risk issues involved with exchange-traded and over-the-counter derivatives.

He adds that the panel's services will also be

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Investment banks: the future of risk control

This survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control

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