Operational risk
Op risk managers need to turn on the charm
Op risk practitioners are being asked to display more people skills, which will help them to embed an operational risk culture across their firms. But even the most charismatic of managers stand little chance of being promoted above their credit and…
Clear and present danger
Transparency is a concept that has been bandied about by banks a lot lately, usually when they know the press is watching. But just how transparent are banking practices, and just how clear is the Basel approach to operational risk?
Smartphone banking has limited mobility
Mobile banking using smartphones is the next frontier for retail banking, but banks have been slow to venture into this new territory
UK FSA plays good cop, bad cop on insider trading
The UK Financial Services Authority is taking a hardline approach to insider trading, increasingly carrying out criminal investigations. But at the same time it is asking firms to work with it by providing information to build a bigger picture of what’s…
Sheen: The FSA's go-to guy for op risk
Andrew Sheen at the UK Financial Services Authority has rapidly become one of the most respected experts in operational risk, perhaps due to his clear vision of where the profession needs to go and what it must do to get there.
Recruitment and staff retention a challenge for the FSA
One of the key challenges for the FSA will be the retention of talent throughout its restructure
Basel II and Basel III: Top articles from Risk.net
The ink was hardly dry on Basel II when the international financial crisis saw that agreement being ripped up and recreated as Basel III.
IOR opens Asian chapter
The Institute of Operational Risk hopes its new Hong Kong chapter will enhance the profile of operational risk management in Asia
US regulatory guidance for compensation structures snubs FDIC proposal
Final pay guidance from US regulators shows no trace of Federal Deposit Insurance Corporation’s (FDIC) proposal for higher premiums for banks with risky compensation structures
Cebs to disclose stress-test results, says EU Council
The European Council has mandated Cebs to issue the results of this year's stress-testing exercise of the EU cross-border banking sector
Staff retention poses problems in operations depts, says Marex head
Internal departures can create a 'revolving door'
Bank of England shoulders responsibility for prudential regulation
UK Chancellor of the Exchequer confirms the FSA is to be abolished and replaced with a new regulatory regime.
French banks under pressure to hold more op risk capital
Rogue traders and a worsening financial crisis are leading French regulators to put pressure on banks to hold more capital for op risk
Banks fail to exploit market for smartphone apps
Third parties are developing downloadable applications (apps) for banking, leaving banks lagging behind
Options exercise process subject to operational risks, say experts
Manual processes in exercising or abandoning listed options positions are being handled by ops teams
UK firms neglected environmental resilience in IT business continuity drive, says SunGard
SunGard says focusing on resilient technology has left some firms flatfooted for business continuity
Circuit breakers to stem NYSE trading falls
A 10% move in a stock price would trigger a pause in trading to prevent sudden falls
UK Bribery Act shakes up systems and controls
Banks operating in the UK may no longer make facilitation payments