Operational risk
ECB approves business continuity standards at payment infrastructures
Systemically important payment systems get a "pass" mark but are asked to focus on crisis communication
IBM acquires operational risk software vendor OpenPages
Partnership on GRC software leads to deal, and new opportunities, says OpenPages' Gordon Burnes
Solvency II: op risk standard approach capital too high under QIS5, says UK insurer
Questions remain on the calibration of capital requirements for operational risk under Solvency II's standard formula.
IOR issues new guidance on governance in risk management
OR&R gets an exclusive preview of guidance paper from the Institute of Operational Risk to be issued on 15th.
SEC mandate over rating agencies strengthened by Dodd-Frank
Closure of SEC investigation into Moody's demonstration of the regulator's new powers under Dodd-Frank
IIF: banks must do better on disclosing pay practices
Regulatory requirements in the US and Europe mean banks now have tougher pay standards to comply with
European banks more worried about OFAC than local regulators
European banks more worried about OFAC than local regulators
US anti-money-laundering proposals for pre-paid credit cards criticised
Comments period of proposed Fincen regulation finishes amid a torrent of criticism
Dodd-Frank: devil is in the detail on bonus transparency requirements
US banks must consider disclosure rules for CEO and median pay packages
A bullish time ahead for Asia
Asia’s rapid growth and buoyant consumer confidence continue, and the region is emerging from the financial crisis as an economic powerhouse. Operational risk managers and regulators alike must keep pace with this bullish market if they want to avoid…
ORX surveys finds scenarios are thriving
The Operational Risk Data Exchange (ORX) recently surveyed its members about their use of scenarios in managing operational risk, and discovered firms attribute considerable value to the process
Types of operational risk loss by event, July 2008 to July 2010
The losses from July's top five op risk events doubled those of June
Dodd-Frank sends banks on journey into the great unknown
The passing of the Dodd-Frank Act into US law signifies profound changes for banks and regulators. But how they should prepare now for the new legislation is still far from certain
Asset managers feel the op risk pressure
Increased regulatory scrutiny combined with investor demand for better transparency and corporate governance standards is driving improvements in the way operational risk is managed at asset and fund management businesses since the events of the…
Mizuho provides a model model for AMA in Japan
Japan’s regulator points to Mizuho Financial Group’s operational risk management model as an example for banks in the country to follow. Shigehiko Mori, the group’s head of operational risk, talks about how the model works and his plans for continued…
Santander IT collapse leaves A&L customers unable to access accounts online
Bank suffers IT gliches while loading Alliance & Leicester accounts onto Santander system
US regulators assess rating agency alternatives
FDIC's Bair says agency ratings being inappropriately used as substitute for due diligence
UK FSA bans director amid insurance fraud crackdown
Andrew Jeffery banned and fined over insurance fraud failings
Lehman, HSBC could face lawsuit over Hong Kong minibonds
US judge rules holders of minibonds may sue
HSBC faces money-laundering investigations by US regulators
Admits is is likely to face enforcement action
Barclays stumps up $298 million after evading sanctions
US district court judge not happy about "sweetheart deal"
