Operational risk
WHAT IS THIS? Operational risks are those arising from people, processes and systems – the biggest form of exposure for many industries, but one that was neglected by financial firms until the collapse of Barings Bank in 1995. It was added to the Basel capital framework in 2004, but attempts to model operational risk were dealt a heavy blow by the huge, unforeseen losses suffered by banks in the aftermath of the financial crisis.
Bonds and... bondage
When I lived in New York City – for most of my 20s – I remember a Thai dinner with a university friend who moaned about the demise of her most recent relationship. Her complaint, oddly enough, was not that her boyfriend had cheated on her. She was…
Devil is in the detail for Mifid
MANAGEMENT INTELLIGENCE
Briefs
MANAGEMENT INTELLIGENCE
The tipping point
LOSS MANAGEMENT
SOX internal control costs decline
MANAGEMENT INTELLIGENCE
Sarbanes-Oxley: not winning any popularity contests
The US's Sarbanes-Oxley legislation is proving pretty unpopular within the industry as shown by our monthly OR&C Intelligence survey. Ellen Davis reports
Honesty and transparency 'are key'
MANAGEMENT INTELLIGENCE
Briefs
MANAGEMENT INTELLIGENCE
Flag-waving (not wavering)
As an American living in London, I've been acutely aware of the differences a small body of water can make to people's perceptions on certain issues.
The broadening scope of op risk management
Op risk programmes are no longer just about Basel II, according to the latest OR&C Intelligence survey. Ellen Davis reports
Corporate action spending to rise
MANAGEMENT INTELLIGENCE
Operational risk continues measured progress
Expected benefits drive progress. By Protiviti's Michael Schuchardt and Brian Boyd
A captive audience
INSURANCE CAPTIVES
Briefs
MANAGEMENT INTELLIGENCE
Regulators eye equity derivatives
MANAGEMENT INTELLIGENCE
Isda survey finds error rates rising
MANAGEMENT INTELLIGENCE