Operational risk
Natural selection -- Software rankings
This year’s OR&R software survey shows that not only is operational risk management expanding way beyond its initial remit, but governance, risk and compliance is also establishing itself as a firm favourite among those looking to weather recent market…
The big debate
On March 19, the European Commission hosted a high-level, intensive conference on the construction of a new crisis management framework in the banking sector. But little agreement was found among regulators, legislators and bankers.
A granular approach to data
The drive for regulatory reform in the US has focused on the availabilty of data, and a bill being discussed in Washington, DC proposes the establishment of national data and research centres.
Action reactions
At OpRisk USA 2010 participants discussed how they can deal with increasing waves of regulation and add value in the new financial environment.
Right place, right time
Eileen Robbins, vice-president in operational risk at the Depository Trust & Clearing Corporation, has a history of turning up just as things are kicking off. She talks to OR&R about the DTCC’s much-lauded handling of the Lehman Brothers collapse, and…
Where to from here?
Editor Victoria Tozer-Pennington reviews the op risk events from the month that range from volcanic ash clouds to civil fraud.
Recording mobile calls creates compliance minefield for banks
The UK FSA seeks to require firms to record all relevant conversations made on mobile phones
UK data protection changes turn tables on firms
Regulators are increasing pressure on UK firms to demonstrate data protection compliance
Commerzbank latest firm caught out by FSA for transaction reporting failures
Commerzbank has been fined £595,000 for failing to provide accurate and timely transaction reports
US SEC had suspected Stanford Ponzi scheme since 1997
A report from the US Securities and Exchange Commission (SEC) says the Stanford fraud was ignored for a decade because it was too big and too complex.
Russia targets CLS inclusion by 2015
Settlement risk in Russia's ruble is preventing the currency realising its global ambitions
Cloud computing security and compliance issues challenge banks
Financial services firms, wary of cloud computing, are looking to a new hybrid public-private cloud strategy to ease concerns.