Operational risk
Top 10 op risks: business continuity in the long term
In the seventh of our series of top 10 op risks for 2014, we look at long-term business continuity. Op risk managers need to prepare for crises that last months, not days
Top 10 op risks: IT failure
The sixth in our series of top 10 op risks for 2014 looks at IT failure. System crashes are an embarrassingly public way to lose money – and will become less and less affordable as transaction speeds grow
Top 10 op risks: internal control failures
The fifth in our series of top 10 op risks for 2014 looks at internal control failures. Banks in 2014 face the task of improving governance to prevent another year of embarrassing losses
Top 10 op risks: AML
The fourth of our series of top 10 op risks for 2014 looks at anti-money laundering. Preventing money-laundering is set to become just one aspect of the broader effort to clamp down on all kinds of illegal transactions
Modelling dependency in operational risk
Dependencies between risk types are a vital part of any risk model – but the choice of how to represent them can be critically important to the result of a capital calculation
Top 10 op risks: data theft
In the third of our series of top 10 op risks for 2014, we look at how high-profile spying and security leaks put the spotlight on privacy obligations
Top 10 op risks: board overstretch
The second in our series of top 10 op risks for 2014 focuses on the boardroom. Regulators and governments are loading new responsibilities on to directors – adequate board membership has never been more important
Top 10 operational risks for 2014
Internal failures will prove as dangerous as external threats for the financial industry in 2014
Top 10 op risks: index rigging
The first in our series of top 10 op risks for 2014 looks at index rigging. The Libor-rigging scandal continues to grow, and other indexes may have been involved too
FCA skilled persons reviews 'a distraction from compliance', experts warn
Stronger FCA focus may be diverting resources from day-to-day compliance tasks
Kill switches may lead to systemic risk, expert warns
Recent calls for kill switches may be misguided
Hedge funds face automation challenge
Automation challenge
Rabobank fined $1 billion for Libor failings
Dutch bank the latest to pay for benchmark manipulation
Fatca FFI draft agreement finally released
Long-awaited document sheds light on compliance requirements
BSI standard promises protection against bribery liability
New UK national standard will serve as a defence against charges of inadequate anti-bribery precautions
Risk USA: debate continues over defining reputational risk
Negative events may not damage financial institutions' reputations, conference hears
Risk USA: Deutsche Bank's 'painful' living will process
German bank tells of challenges posed by regulators' recovery and resolution requirements
Risk USA: Standardised regulation will cause systemic risk, warns senior UBS risk controller
Regulators' efforts to prevent another crisis are having the opposite effect
Risk USA: Changing risk culture means higher staffing costs
Conference told of resource challenges facing Deutsche CRO
Risk USA: JP Morgan settlement could scare off white knights
Future crises will be tougher to resolve if legal risks stop strong banks acquiring wounded competitors, warns CRO for RBS Americas
SFO investigating 22 individuals over Libor, court hears
Ex-trader Tom Hayes allegedly conspired with 22 others
Cyber personnel lacking in major financial institutions, FBI agent warns
Serious attack will expose flaws in incident response programmes
The huge and mounting cost of PPI
Reaping the whirlwind
Culture, oversight and fraud prevention
When fraud can be fatal