Latest on Risk management
Op risk data: Wells Fargo walloped to the tune of $1.7bn
Also: AML breaches at Danske and Santander; Russia’s Radiotechbank scammed. Data by ORX News
Court allows lawsuit against Credit Suisse to proceed
Shareholder alleges board and senior execs breached fiduciary duties by failing to oversee risk
Markets Technology Awards 2023: This year’s model
Vendors are offering greater modelling flexibility. What if that’s not enough?
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Quotes
If the commission really means business when it comes to repatriating euro clearing back to the EU, this proposal will not be enough to convince market participants to move from London
Markus Ferber, European Parliament
You can use machine learning techniques to help improve the models, provide challenger models to what is already in place and similar applications – all of this is something that we’re very positive towards
Lars Overby, European Banking Authority
Fundamentally, this wasn’t a failure of blockchain – it was a failure of DA and ASX
Chief technology officer at a blockchain firm
Editor's Choice
Regulator to ‘reflect’ on IRRBB shocks after rates leap
Once considered too harsh by banks, stress scenarios may even prove too generous
Big Figure
Last man standing
Following the exit of Bell Potter Securities from the Australian energy market, clearing members at ASX have become concerned that the domestic market has become heavily concentrated in Macquarie.
Read the full articleDerivatives
Risk Awards 2023: The winners
BNP Paribas takes top derivatives prize, lifetime award for Stephen Kealhofer, Nomura wins rates
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Op risk data: SEC skewers Goldman for specious ESG claims
A crypto CCP is still a CCP
Our Take
What happens when a bank drops off the systemic risk radar?
Revival of off-balance-sheet financing merits close scrutiny