Also: UK credit card mis-selling; Italy crypto loss; LendingClub class action settlement. Data by ORX News
Risk chief sets about bolstering CCIL’s risk modelling, lookback periods, and portfolio compression
Webinar: Nasdaq BWise
Lobbyists say handling of ABLV shows flaws in EC’s pre-resolution stay concept
In this paper, the authors propose a method of allocating operational risk regulatory capital using a closed-form Shapley method, applicable to a large number of business units (BUs).
From gender discrimination to the next PPI, a veteran manager looks at forthcoming potential op risks
Survey should be read as industrywide attempt to relay and share worries anonymously
In this paper, the authors discuss the hazard generated by OpRisk driven by natural and human-made disasters, and argue the position of the LDA as the most-fitted statistical approach to deal with it.
The biggest op risks for 2018, as chosen by industry practitioners
Model risk re-enters top 10 amid avalanche of validation regulations
Fears over dearth of talent across tech and risk management
Banks fear pace of technological change will leave them exposed; others worry they could be superseded altogether
GDPR tipped to spark rise in disputes with third-party vendors
Cyber theft fears widespread, but old-fashioned frauds dominate losses
Banks say threat from rogue algos outstrips that of human traders
Fed’s cease-and-desist order against Wells Fargo spooks market
Fear of disabling cyber attack trumps risk of data theft
Banks fearful of data breach missteps as GDPR looms
Speculation rife among survey participants over ‘the next PPI’
Cyber risk dominates three of top four categories; model risk and mis-selling re-enter top 10
The absence of evidence and the evidence of absence: an algorithmic approach for identifying operational outages in TARGET2
This paper implements an algorithmic approach to identify participants’operational outages based on transaction data.