Operational risk
SEC whistleblower retaliation protection ambiguous, lawyer warns
Protection for whistleblowers not clear cut
The rising problems of PEPs
Instability in the Middle East and Africa coupled with growing regulatory pressure on financial institutions has raised the profile of political risk for banks – in particular, the problems of dealing with politically exposed persons, or PEPs, as…
Systemic operational risk since the financial crisis
A year of huge fines and settlements has thrown new light on the importance of controls and conduct risk
Benchmark survey and Lloyds/Bank of Scotland fine underline need for bonus scrutiny
£28 million penalty for poor incentives – but op risk still largely excluded from pay policies, survey finds
Schedule slips and costs rise on rate hedge payouts
UK regulator reveals that banks will miss deadline for compensating interest rate hedge mis-selling victims
Financial crime survey 2013
Sponsored survey analysis: BAE Systems Detica
Meeting the challenge of bribery and corruption in Africa
Andrew Legg, senior litigation partner at global law firm Eversheds, examines the challenges businesses can face when navigating the issue of bribery in Africa and calls on the experiences of organisations already tackling the issue at the sharp end
Integrating operational risk into business management
Sponsored webinar: MetricStream
'Zero-loyalty environment' blamed for financial malpractice
Lack of leadership and job insecurity are behind widespread wrongdoing in the financial sector, seminar hears
Top five losses: JP Morgan hit by $5.1bn settlement
Operational risk loss data – October 2013
Accountability crucial for internal governance
Pickpockets or cyclists?
Building better benchmarks in Dubai: DME's Chris Fix on running an oil exchange
Top of the agenda for the Dubai Mercantile Exchange and its chief executive, Christopher Fix, is assuring the integrity of its crude oil benchmark. He talks to OpRisk about the operational challenges stemming from the exchange’s unique regulatory…
Control weaknesses continue to plague banks
The primary concerns for operational risk managers in 2014 include data theft, index rigging and reputational risk, but many have one thing in common – weak internal controls
Top 10 op risks: tighter consumer regulation
The last in our series of top 10 op risks for 2014 looks at tighter consumer regulation. An industry plagued by scandal will now face closer regulatory attention on its retail side
Top 10 op risks: culture of complicity
The ninth in our series of top 10 op risks for 2014 looks at culture of complicity. Criminal investigations have revealed disturbing common features in many recent scandals
Sants quits Barclays after just 10 months in compliance role
Ex-regulator and head of compliance quits UK bank citing stress
Top 10 op risks: reputational risk
The eighth in our series of top 10 op risks for 2014 looks at reputational risk. Admissions of guilt expose banks to more than simply public displeasure
Handling the risks of rapid recruitment
An unprecedented recruitment process has taken place in recent years to handle the payment protection insurance scandal. The financial services industry has had to rapidly embrace the challenge of hiring staff in their thousands, but lessons learnt from…