Banks and their clients need protocol on information sharing, says FMSB chair
Brad Hu talks modelling, CECL and setting risk culture
Thomas Lee, chief executive at VivoSecurity, and Martin Liljeblad, operational risk manager at MUFG Americas, examine how a data breach cost model can replace an advanced measurement approach in a structured scenario
Policymakers want more focus on non-default loss resources; Eurex Clearing’s Mueller flags investment risk
Rises in capital under SMA will vary depending on regulator treatment, writes op risk expert
Artificial intelligence in tandem with human analysis seen as effective for know-your-customer
In this paper, the author constructs a capital model for operational risk based on the observation that operational losses can, under a certain dimensional transformation, converge into a single, universal distribution.
Outsize loss events modellable through extension of approach to measuring moderate losses, says research
Charges may be brought under regulation 166.3 in cases where intent is hard to prove
Forty-two insurers quizzed on IT vulnerabilities
Australia, Hong Kong regimes lead in developing conduct risk guidelines; Singapore lags behind
Drops at Citi, Goldman, Morgan Stanley suggest op risk capital may have peaked
Credit Suisse granted capital relief for divested business; others hope for clemency ahead of SMA
Capital charge applied for poor management of operational, compliance and conduct risks
Cyber security chief eyes analytics and machine learning to help anticipate – and defend against – breaches
Also: top five loss breakdown led by Wells Fargo’s $1bn fine. Data by ORX News
In this paper, the author presents a simple probabilistic model for aggregating very large losses into a loss collection.
Isda AGM: Parliament tackles big issues in recovery and resolution text, but 'doesn’t go far enough'
No reason to delay roll-out of standardised approach, says TCH’s Greg Baer
Banks “must go beyond vulnerability assessments”, conference hears
Regulator allowed Swiss bank to cut op risk exposure from defunct business
Credit Suisse links metrics gleaned from first- and second-line risk managers to pay decisions
Some banks have qualms over potential downgrades and overlap between first and second lines
$15 billion in financial institution deposits driven out in response to Fed-imposed asset cap