Standard Chartered and Barclays using AI to detect money laundering violations
The Swiss bank’s SRU reduced its total leverage exposure in 2018 to $30 billion – below the bank’s end-year target of $40 billion
Misconduct probe sparks board changes and bout of introspection at Big 4
This paper proposes an approach, called the loss distribution approach with segmented dependence (LDA-SD), which can model the different dependencies of HFLI and LFHI losses in the framework of LDA.
Survey of 24 large Apac bank board risk committees shows dearth of risk managers
ED&F Man’s commodities loss; cyber events spiral in 2018. Data by ORX News
Bank benefits from AMA model upgrades
Lender could see capital buffer rise after admitting regulator, not bank, discovered errors
ML model outputs open to “potential bias sitting in your datasets”, says RBS model risk head
EU banks favour standardised approach, North American and Australian lenders the AMA
Mega-fraud at China’s Anbang pushes up total losses year on year; SocGen suffers double blow
Top five losses, plus review of Barclays whistleblower fine. Data by ORX News
Researchers suggest combining firm’s size with loss history to best predict losses under CCAR
Martin Kimmig on the Asian Infrastructure Investment Bank’s challenge of overcoming patchy credit data
Total RWAs amounted to £2.9 trillion at end-September
Largest five op risk losses in 2018 cost equivalent of 2.1% of EU bank's average CET1
In this paper, the authors provide a comprehensive review of the different approaches developed to model operational risk, specifically focusing on the actuarial approach.
Global perspectives on operational risk management and practice: a survey by the Institute of Operational Risk (IOR) and the Center for Financial Professionals (CeFPro)
This paper presents survey results which represent comprehensive perspectives on operational risk practice, obtained from practitioners in a wide range of countries and sectors.
Citi, JP Morgan settle Sibor rigging claims; Europe matches US on AML fines. Data by ORX News
Year to year, op RWAs have swelled $24 billion
New working group will focus on business continuity in the age of cyber threats
Six of seven stress-tested banks report 50% fall in legal and regulatory reserves
Industry moves to revise out-of-date categories that feature risks such as cheque fraud