Legal risk
CLS wins 'patent troll' Supreme Court case
Market disruption averted as unanimous decision goes in CLS's favour
Costs of forex manipulation could be worse than Libor
Total bill from penalties and lawsuits could reach “tens of billions,” some estimate
Legal and practical protections from cyber attack
All companies face the risk of an online attack – what precautions can they take against it, and how can they react once an attack starts?
Top 10 op risks: reputational risk
The eighth in our series of top 10 op risks for 2014 looks at reputational risk. Admissions of guilt expose banks to more than simply public displeasure
Top 10 operational risks for 2014
Internal failures will prove as dangerous as external threats for the financial industry in 2014
Risk USA: JP Morgan settlement could scare off white knights
Future crises will be tougher to resolve if legal risks stop strong banks acquiring wounded competitors, warns CRO for RBS Americas
Cat bond ‘lite’ structures raise contamination risk and insolvency fears
Investors and lawyers voice concerns about using segregated accounts structure to issue streamlined cat bond instruments
Accountability for a data breach
The blame game
Defence against IP theft in financial services
The last few years have seen several high profile criminal and civil cases over the theft of intellectual property from financial institutions. Legal battles, however, are extremely complex and expensive, so firms need to ensure they have adequate…
Huge settlements overwhelm op risk models
Capital punishment
Legally blind: Huge settlements overwhelm op risk models
Legally blind
Risks and opportunities of social media
The rapid growth of social media over the past decade has left regulators and financial institutions lagging behind as they attempt to deal with the risks it poses. While the industry has made progress in dealing with potential risks, industry experts…
FSA should develop social media guidance, legal expert warns
US FFIEC, meanwhile, releases proposed guidance on social media
Managing operational risk in African nations
The African way
OpRisk Europe: Biggest operational risk posed by people, survey finds
Respondents to a survey at the OpRisk Europe conference overwhelmingly point to people as the biggest operational risk
White paper: Customer success story – Financial services
A global financial services giant finds that the Black Duck Suite enables it to realise the compelling economics of open-source software while solving the significant management, compliance and security challenges that weighed down productivity and…
New Prime Finance panel could tackle debt crisis disputes
An arbitration panel set up to tackle derivatives disputes could also tackle eurozone debt crisis issues, says Jeffrey Golden, architect of the Isda master agreement
CFTC and SEC facing legal anxiety over cost-benefit analyses
Cost-benefit paralysis
Deutsche-Ille ruling changes sales practices for German dealers
Accentuate the negative
Inclusion of legal losses in op risk databases has banks fretting
Banks worry Basel rules requiring legal events to be included in operational risk databases earlier might mean the information is used against them in legal proceedings