This paper introduces existing and novel epidemiology models and investigates how government responses to the Covid-19 pandemic impacted these models.
Also: Citi stumbles on market abuse; Jefferies faces latest fine over phone misuse. Data by ORX News
The authors investigate the operational risk impact of the Covid-19 pandemic on Chinese commercial banks and the moderating effect of bank size, business diversification and regulatory records.
Also: Santander staff mistreatment; cum-ex rumbles on; CFTC steps up scrutiny of swaps reporting. Data by ORX News
Techniques for linking economic factors and bank losses produce varying – and sometimes contradictory – results
The 2022 Risk Technology Awards recognised products and services that helped firms steer through the Covid-19 pandemic, a testament to the winners’ resilience in the face of unprecedented disruption and the key role they play in today’s markets. This…
Market sell-off in Q2 has increased cost of buying back notes mis-sold by the bank in 2019
Quantum-proof algo standards nearing completion, but enhanced cryptography won’t come cheap
Both banks return above the threshold after just two quarters
Also: China steps up scrutiny of wealth management products; Libor fines still rumble on. Data by ORX News
This paper uses the ten laws of operational risk along with taxonomies for inadequacies or failures and their impacts, and it also draws parallels with past crises, in order to make systematic predictions.
Results of European stress test suggest shortfall of collateral for large commodities positions is equivalent to 17% of total required margin
In a Risk.net panel session, convened in collaboration with Fusion Risk Management, experts discussed five themes on re-evaluating existing operational resilience strategies
Also: Russian banks in fraud fails; Citi’s fat-finger fumble; devil’s in the data detail. Data by ORX News
App will be delivered via start-up tech platform led by former HSBC op risk chief
The paper presents an analysis of correlation effects of economic factors on the operational risk losses of a medium-large UK retail bank, and it recommends that causal factors that effect operational risk should be identified.
Following the latest increase, op risk makes up 11% of the bank’s total RWAs
Largest banks seek offsets for higher capital requirements caused by possible end of IRB, IMM
Asset manager wants industry to move faster in adopting “single source of truth” model
Also: Class claim costs CA tribe $500m; Essilor eyeballs JPM in fraud case; Bank of Italy con job. Data by ORX News
Extra capital charges will be split across the first six months of the year
The latest hit follows a £540 million provision to cover the over-issuance of structured notes
This Risk.net survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control