UK cyber incidents increased 18% over past 12 months, despite apparent confidence in systems
Risk Awards 2019: Goldman’s long-serving CRO helped bank survive the crisis, and then adapt to new world
Financial firms are increasingly adopting the three lines of defence framework to manage risk. But how has the model evolved to date and what does the future look like for this key risk management tool?
This paper evaluates the operational risk capital requirements of large US banks to determine whether they are forward looking, sensitive to banks’ current exposures and designed to allow for risk mitigation.
There is no concord on how banks should police their model risk. But two Fed economists have an idea
Banco Santander posted the largest decline – at 7% – with op RWAs falling to $70 billion
The two firms reduce op RWAs by combined $15 billion in third quarter
UK regulators’ letter to firms could be followed by Pillar 2 charge to speed transition to Sonia
Swift hack targets State Bank of Mauritius; Capital One, Mashreq, hit by AML fines. Data by ORX News
Python is rapidly becoming the world’s most popular programming language and its versatility and ease of use has enabled it to achieve widespread adoption in finance, becoming the multipurpose tool of choice for quantitative analysts and other financial…
In this paper, the authors look at B-tests: methods by which it is possible to identify internal fraud among employees and partners of the bank at an early stage.
Optimisation efforts preserve capital ratio despite $14.5 billion of cash returns to shareholders
SocGen provisions for sanctions violations; has the SMR prompted more bank CEO resignations? Data by ORX News
The Basel III output floor will impose the single largest Tier 1 capital requirement on 46% of G-Sibs
Median savings shrink to 5.1% from 19% at end-2015
Basel III output floor will add 5.4% to minimum required capital
Regulators urged to make swift decision on exempting small end-users
This paper proposes a general framework for constructing bank risk data sets, which provides an integrated process from data sources to comprehensive risk data sets.
Total RWAs were up £57 billion, from £2.89 trillion to £2.94 trillion
CEO quits as bank publishes internal investigation into irregular operations at Estonian branch
Banks created TruSight and KY3P to vet supplier risk with standard questionnaires. Is it enough?
Normally the province of IT, cyber defence is increasingly seen as a critical part of operational risk
Operational RWAs down to $387.6 billion from $400 billion in the second quarter