Asia Risk 25: Even as the level of regulatory scrutiny peaks, meaningful change eludes the region’s banks
About 40% of total Tier 1 capital surge due to limits on modelled RWAs
Is there anybody out there? Detecting operational outages from Large Value Transfer System transaction data
This paper develops a method to identify operational outages of participants in the Canadian Large Value Transfer System (LVTS).
German lender expects capital release unit to be €51 billion in size in 2022
Also: CEO clawbacks; Barclays timeshare trials; Fifa bankers' foul play. Data by ORX News
FX settlement giant not fast on its feet, say dealers and challengers, but hard to knock down
Machine learning could help gauge positive sentiment from surveillance logs, says Elhedery
Risk USA: failure of big cloud service provider could cause “a very large shock”, says NY Fed exec
Risk USA: remote working could “erode” the culture of financial firms, says senior regulator
Bank of America’s charge falls 26% following a model change
Fraud is evolving, with influences spanning technical sophistication through to turmoil and crisis. Most recently, the Covid-19 pandemic has thrown an additional spanner in the works. As the drivers behind these activities are becoming more varied, the…
Also: Deutsche draws fire and AML fine over Danske trades. Data by ORX News
Many large organizations have risk that propagates because of the dependencies between their various major organizational components. This paper addresses when cycles of dependencies exist in an organization or system of systems.
Co-founder and chief executive of Exactpro Systems, Alexey Zverev, discusses the challenges of maintaining client systems in the current environment, the launch of its new open source microservices-based test automation platform, th2, and how machine…
Fight for CDS market share heats up as Ice begins clearing options and LCH preps CDX offering
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