Conduct risk
New forex conduct code receives overwhelming support
Code covers ethics, governance, information sharing, execution, risk management, confirmation and settlement
People: SG Americas appoints chief culture and conduct officer
Nancy Harrington Jones is promoted; Cheri McGuire joins Standard Chartered as CISO; Penny Judd exits Nomura
Forex market to adopt global code of conduct by end-Q3
Participants excited about conduct guidance, but say firms' internal behaviour will ultimately create change
BSB aims to develop culture and conduct benchmarks
Standards body “rolling out much broader and deeper assessments in 2016”, says Citi’s Bardrick
Leeson: risk managers should be personally liable for trades
Former rogue trader says new UK rules could "change the way people look at risk"
Banks take various approaches to tackling conduct risk
Definitions, reporting lines, frameworks and metrics vary among major banks, Risk.net research shows
Conduct risk: a useful way to carve through chaos?
Conduct risk is a hazy idea, whose success will depend on its effectiveness in managing risk
UK banks take lead in tackling conduct risk
Bank actions show how emphasis on culture and conduct has risen globally since 2011
FCA officials grilled on second communications backlash
MPs accuse FCA of failing to recognise perceived importance of dropped bank culture review
Top 10 Operational Risks for 2016
Risk.net presents the Top 10 Operational Risks of 2016, as chosen by risk practitioners
Cyber is biggest operational risk fear, say practitioners
Regulator emphasis and high-profile attacks keep cyber threat top-of-mind
Banks left little time to amend ‘bad apples’ rules before SMR
Personal accountability rules will also see rise in internal attestations and impact on recruitment
Conduct risk: Best practices and implementation across the enterprise
Content provided by IBM
Banks clamp down on pre-hedging over manipulation fears
Front-running concerns could leave market more exposed to liquidity risk
Foreign exchange says goodbye to self-regulation
Forex market participants prepare for end of unregulated markets
Speed of response a good proxy for risk culture – FCA director
Good risk culture makes firms more responsive, says UK regulator’s head of enforcement
Boards have no excuse for ignorance – Standard Life’s Grimstone
Need for strong boards, risk culture and internal audit emphasised at IIA conference
Trichet says banks must keep 'hammering' at their culture
G30 warns many banks are still lagging behind
A key risk indicator approach to mitigating rogue trading behaviour
KRIs for rogue trading are vital defence against multi-billion-dollar losses from unauthorised trading
How cultural 'bleed' across banks could reinforce op risks
Common cultural practices may span the divides between financial institutions – promoting common operational risks
Response to banker recklessness needs work – lawyers
Current offence under Financial Services Act 2012 is "unprosecutable"
Q&A: Op risk veterans list lessons of the crisis
Accountability and learning from past failures key to sound risk culture
Iosco plans conduct task force to combat 'ingrained' behaviour
Chair says review will look at regulatory tools for supervision and enforcement
Banks should penalise excessive risk-takers
Hit them "in the pocket" says Credit Suisse op risk chief