Risk magazine
Turning the IMA into a competitive advantage
Following the clarification of the FRTB rules in January 2019, financial institutions are now working towards a 2022 implementation deadline, finalising how their trading books will operate under this demanding regulation. Eoin Ó Ceallacháin, head of…
Basel closes in on IM offset for leverage ratio
US seen as obstacle to consensus; committee expected to allow netting of margin against PFE only
Consultancy of the Year: EY
EY provides comprehensive approach to measuring and managing disparate emerging risks
Paper of the Year: Embrechts, Mizgier and Chen
Embrechts, Mizgier and Chen expand operational risk modelling across industries
Industry Initiative of the Year: ORX
ORX’s op risk taxonomy project improves measurement of progress and change
Outstanding Achievement of the Year: Chapelle Consulting
Chapelle Consulting is a significant contributor to the evolution of operational risk practices
Asset Manager of the Year: AQR Capital Management
AQR Capital Management applies quantitative knowledge to assess operational risk for new investment models
Insurer of the Year: Swiss Re
Managing internal complexity gives Swiss Re’s senior management both macro and micro views of operational risk
Basel set to update op risk and resilience principles
Op risk working group to issue core ‘indicators of resilience’ proposal as update to 2011 principles
On foreign banks and CCAR, Fed tries something new
Fed is using risk factors, not just size, to decide which overseas firms to test
Lessons from a decade of top 10 op risks
Constants and changes in Risk.net’s annual rankings spotlight common gaps in op risk management
Final rules on securitisation due by year-end, EBA says
European issuers forced to work with incomplete legislation for another six months at least
CFTC commissioner backs non-cleared margin docs relief
Stump calls for US to enact BCBS-Iosco $50m threshold for operational requirements
Brexit nudges Trad-X swaps service to Paris
London loses out on planned dealer-to-client Clob for OTC euro interest rate swaps