Banks urge Cebs to rethink operational risk guidelines


LONDON – Banks are urging the Committee of European Banking Supervisors (Cebs) to reconsider its proposed guidelines (CP35) on operational risk in market-related activities, expressing strong concern the text is too prescriptive and detailed.

“Although dressed up as an operational risk document, it is in fact a control framework that contains a number of principles and detailed guidance relevant to our day-to-day activities under a whole range of areas, from front office through to human

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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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