Op RWAs had been falling since Q3 2019
CET1 ratio climbed 20bp to 12.6%
OpRisk North America: anchoring idiosyncratic risks to macro scenarios a challenge, say experts
Proposed US legislation could force firms to run new and old systems in parallel, stretching resources
Does the source of information influence depositors’ withdrawal intentions during operational events?
The objective of this paper is to identify whether depositors’ intentions to withdraw funds during operational risk events differ based on the source of information.
OpRisk North America: banks expected to design idiosyncratic stress scenarios to test resilience
Authorities are swamped with suspicious activity reports, many of which are never investigated
OpRisk North America: Covid-induced changes in operations and working practices creating openings for bad actors, says senior regulator
OpRisk Europe: Suspicious activity reports are going into a “black hole”, banks complain
OpRisk Europe: Banks must improve resilience of remote-working staff, says Wells Fargo financial crime expert
Also: counting the cost of Covid cons; Citi audio dynamite. Data by ORX News
OpRisk Europe: Granular targets on minimum service provision after outages could be revisited, adviser suggests
With pandemic losses impacting derivatives activity, Murex’s MX.3 software solution for autocallables comes to the fore
Also: Cyber fines on the up; and more fat-finger fails of yore. Data by ORX News
Asia Risk Technology Awards 2020
Buy-side risk managers and FactSet’s global head of quantitative analytics gathered for a Risk.net webinar to discuss topical risk management trends for asset managers and to consider the industry challenges posed by the recent Covid‑19 pandemic
Buy-side risk survey: for Dutch pension giant, battle between young and old shaped response to March mayhem
Body says banks expected to maintain critical services, but steers clear of setting compliance metrics
Bank settled with Malaysian government for $2.5 billion in July
Also: Deutsche fined over Epstein KYC failings; collateral fraud in focus. Data by ORX News
Firms eyeing financial well-being of critical suppliers, and seeking alternatives
Regulator’s stress test results overshoot banks’ numbers, threatening capital plans
This paper outlines several approaches to benchmarking operational loss projections under stressed scenarios using both accounting metrics and historical loss experience.