Operational risk
Boat Banks to name vendor
LONDON—"Project Boat"—a consortium of nine banks that is creating an off-exchange trade reporting facility—is close to naming the vendor that will provide the underlying technology for the planned OTC trade data platform, according to sources familiar…
Lukewarm response to SOX legislation
NEW YORK - The Securities and Exchange Commission (SEC) has published details of the predominantly lukewarm responses received to its July Concept Release on internal controls legislation in the Sarbanes-Oxley Act (SOX).
Industry opposes extension of Mifid transparency to bonds and non-equities
Feedback statement on Mifid transparency shows industry doubts into further regulation.
Banks are ignoring Mifid threat, says Celent
BRUSSELS – The forex industry will be beset by law suits and regulatory action if it continues to ignore the Mifid directive coming into force next year, according to a research consultancy.
Largest Norwegian banks will use FIRB approach for credit risk
Falling capital levels in Norway will be buffered by transitional arrangements.
EU markets are at a historic high, says EU commissioner
The EU is ahead of the US with many financial products.
With the benefit of foresight: how Aspect Capital spotted the pension trend
As a swathe of reports on institutional interest in hedge funds are being published, Aspect Capital CEO Anthony Todd tells David Walker how they saw it coming, and prepared, back in 1997
Winner:NXP
In our monthly look at the credit market's most innovative deals, we focus on NXP's mammoth high-yield issue, the Alcentra CLO and Bouygues' 20-year bond
Preparing for the worst-case scenario
When unpredictable and cataclysmic events befall a business, its recovery systems must be up and ready to go, reports Duncan Wood
Hidden dangers
Do op risk managers still care about the impact of reputational risk? Possibly not, reports Peter Madigan
FSA and CESR announce further Mifid plans
REGULATORY UPDATE
Surprising success, new risks
Are HEDGE funds liable to become the next operational risk and compliance crisis? This is the question that regulators, investors and other market participants around the world are asking themselves in the wake of yet another prominent hedge fund…
Fed governor urges calm over Basel II
REGULATORY UPDATE
Signs of uncertainty over Mifid
REGULATORY UPDATE
AMA diversity surprises experts
MEASUREMENT
APRA publishes two op risk papers
MEASUREMENT
Spreadsheets: a tool you can trust?
For more than two decades, spreadsheets have been the tool of choice for financial services firms. But do they contain hidden dangers? Dianne See Morrison reports
Scaling op risk management for SMIs: The ORM programme
In the continuing series of scaling operational risk practices, Eric Holmquist looks back on the series of topics for small to mid-sized institutions and discusses how to put it all together into an effective programme
Lukewarm response to SOX legislation
CORPORATE GOVERNANCE
A slow climb
Structured products
Aftershocks of the Big Bang
At the end of October, the City of London celebrated the 20th anniversary of the 'Big Bang' – the first big deregulation of the financial services industry in the UK.
We have the technology (but not the returns)
A recent survey by OR&C and Norkom has found that while AML and anti-fraud software is being implemented more widely, firms face challenges in extracting value from their systems. Ellen Davis reports