Operational risk
Sigor finalises guidance on insurance as a mitigant
Guidance expected from the Basel Committee will make it more difficult for banks to claim capital relief through the use of insurance.
US Fed working on horizontal reviews of op risk issues
Supervisor looking at range of issues as part of broader look at big banks, including compensation, compliance, and capital
Basel QIS 6 a 'mini-LDCE'
The Basel Committee out with a mini loss-data collection exercise to track performance over crisis period
Oric membership increases
Three new members join the ABI operational Risk Consortium loss database
Loss leaders
Operational risk is potentially the biggest risk faced by insurers – and also one of the most difficult to model. However, as a number of loss data aggregation initiatives globally either emerge or mature, insurers are much better placed to quantify…
UK building societies fear new FSA guidance impedes competition
Sector fears new rules will make it harder to compete
MAS consults on changes to corporate governance framework
The financial crisis prompts the Singapore regulator to tighten corporate governance rules with a focus on management boards and directors
SaaS poses operational and regulatory risks for asset managers
Outsourcing is about more than cutting costs
Firms more efficient and resilient, says Business Continuity Institute
Business continuity planning helps firms deal with unexpected external events
Oric sets benchmark operational risk scenarios
Op risk loss database consortium for insurers publishes scenario benchmarks
Basel Committee targets boards in governance consultation
Regulators take aim at bank boards and managers in new corporate governance proposals
Goldman Sachs uses scenarios to study reputation risks
US investment bank Goldman Sachs is pioneering scenario analysis as a tool for managing reputational risk
RBS creates task force to drive AMA standard
RBS has launched on an efficiency drive to boost operational risk data collection and save money
Sigor to recalibrate TSA betas for operational risk capital
Rumours that regulators will be recalibrating the TSA betas have been proven true
