This paper revisits the linkage between internal audit function characteristics and internal control quality and proposes a random polynomial model for assessing ICQ.
Also: Wells Fargo fee fight; Nasdaq queers Emir reg; Covid keeps AML fines in line. Data by ORX News
Critical variables in the implementation of a risk-based internal audit: a theoretical and empirical investigation of Greek companies
This paper investigates the critical variables for the implementation of RBIA in Greek companies and examines the relationship between the above variables and RBIA implementation using data collected by 105 internal auditors, external auditors, directors…
A forum of industry leaders discusses how banks will define individual trading desks under FRTB, whether BCBS 239 compliance projects can help banks meet FRTB risk data challenges, which model validation obstacles banks still face and other key topics
The revolution in artificial intelligence promises new leads in banks’ fight against dirty money. Alexander Campbell of Risk.net hosted a live online forum, in association with NICE Actimize, to investigate the applications of this emergent technology
Australia, Hong Kong regimes lead in developing conduct risk guidelines; Singapore lags behind
Banks have revised Basel’s model to suit their risk profile, but some remain sceptical of its impact on risk culture
Updated guidelines could strengthen third line of defence, but firms warn costs could increase
Senior auditor calls for mix of metrics and judgement
CIIA's Peters says auditors often lack right skills and support of bank boards
Aileen Gillan replaces Mike Hudson as CRO
ERM is being driven from within firms in the Nordic countries, according to survey results
Hank Prybylski of Ernst & Young LLP discusses how firms are effectively dealing with risk management during a time of intense focus on financial regulatory reform.
Global financial services risk management leader Prybylski discusses forecasting, risk appetite, and Basel III
OR&R gets an exclusive preview of guidance paper from the Institute of Operational Risk to be issued on 15th.
Op risk practitioners are being asked to display more people skills, which will help them to embed an operational risk culture across their firms. But even the most charismatic of managers stand little chance of being promoted above their credit and…
Ideas about governance, risk and compliance are still evolving, but the downturn has provided a chance to put them into action.
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