Fraud
Firms are neglecting fraud risk management, says survey
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Financial directors personally liable for financial control failings, says BCS
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HBOS agrees SAS consumer contract
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US-China commission warns of fraud risk
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Lagarde: SocGen losses due to poor op risk
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Fraud in the UK hits twelve year high
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Rogue Trader costs Soc Gen €4.9 billion
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The top 10
OpRisk & Compliance outlines the top 10 challenges readers and their firms will face in 2008. By David Benyon, with additional reporting by Ellen Davis
The gathering storm
The popularity of internet banking continues to grow, but so does cyber crime. Peter Madigan explores the security challenges for institutions active online and finds US regulators could be doing more to keep the banking public safe
HSBC and SAS launch Raptor project
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UK card fraud on the rise
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Four in five firms hit by fraud, says survey
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'Big five' retain the consultancy crown
The usual suspects appear at the top of OR&C 's survey of consulting firms, but not without having their heels nipped at by the increasingly advancing competition
The data puddle challenge
The loss event taxonomies currently in use are inadequate. The worst problem is the lack of clarity with regard to the boundary conditions between risk event categories. Tara McLenaghen explores the issues
Bringing down the house
There is evidence to support the claim that the subprime mortgage crisis in the US may have had its roots in operational risk problems. But just what caused the crisis, and could it have been averted if the firms involved had robust op risk frameworks in…
In the line of fire
In the global fight against money laundering, financial institutions are developing various hi-tech weapons. Peter Madigan reports
Under a broad umbrella
Integration, consolidation and convergence were the key words from the top ranking companies in this year's compliance software survey. But as Peter Madigan reports, aiming for a fully comprehensive suite in a constantly changing regulatory world may be…
Complex business practices open the door to fraud
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Legal eagles
Clifford Chance has been ranked number one in the first annual OpRisk & Compliance survey of law firms engaged in risk and compliance activities for financial services firms. But as the results attest, risk and compliance is a hot area for global law…
We have the technology (but not the returns)
A recent survey by OR&C and Norkom has found that while AML and anti-fraud software is being implemented more widely, firms face challenges in extracting value from their systems. Ellen Davis reports
An integrated framework for the governance of companies
Cases of insolvencies, losses and internal frauds have been increasing of late. As a result, the question is asked more and more often whether such cases could have been avoided with better governance of companies or a clearer organisational handbook. In…
Fraud is here to stay, say industry experts
The SEC could not stamp out fraud even if regulation of advisers comes to pass, according to industry experts.
Op Risk database reveals fraud costs
Fraud is a far greater operational risk than banks have been prepared to admit, according to data compiled by Aon, the insurance company.