Central clearing of buy-side trades could further buttress the repo market
Other dealers do not have to collect margin on physically settled forwards
Law firms are offering close-out netting opinions, but not everyone agrees it is possible
Jodi Richard, chief operational risk officer, discusses the bank being named Bank of the year in the 2017 Operational Risk Awards.
Political war of words over former colony means little; it’s the appetite of mainland banks for local dominance rivals should watch
US industry association criticises official analysis suggesting optimal Basel ratios of up to 26%
Credit Suisse is using scenario analysis to model the risks associated with internal fraud losses
Regulator says banks have good track record overall, but exams reveal weaknesses
Rates options desks on alert as decline in Formosa bond issuance could hit profits and raise US volatility
The authors propose a method to consider business cycles in the computation of capital for operational risk.
This paper proposes a methodology applied to complex systems to analyze operational risk events in Australian banks.
TLAC-driven issuance changes likely to see UK and Swiss holding company CDSs included in iTraxx Financials
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Huge losses from the 2008 crisis can be seen as a short option position
Self-taught technology could push humans aside from some – or all – of the underwriting process
Banks uncover hidden challenges of data, computing power and need for joined-up approach
Stress tests for asset managers need to be different from those for banks, conference told
Credit Suisse among banks that have expanded their second line of defence, conference hears
Financial connectedness measure “not usually sharply aligned with systemic risk”, says Darrell Duffie
Jodi Richard explains overhaul of firm’s op risk programme, including crisis management plans
Cyber criminals are increasingly turning into masters of disguise, OpRisk Asia conference hears
Effective risk management is more important than what your organisational chart looks like
Trading book regime may force use of more expensive and time-consuming ways of computing risk sensitivities
Operational risk managers say idea is too formalised and beset by implementation challenges