Opinion/Regulation
Op risk takes forward steps at OpRisk Europe 2014
New dangers and new maturity mark a milestone year for op risk
Ethics and moral standards are as crucial to finance as ever
Carney’s words echo work of Émile Zola on the value of social capital
The heavy burden of regulatory settlements
How a few tail losses can skew capital calculations
Pitfalls and precautions around high bribery risk jurisdictions
How to do business in red flag states
Values and abuses of big data at banks
Mass collection of customer information could cause problems
Scott O'Malia, it's your fault
Swaps markets have fragmented, and the CFTC commissioner accepts regulation is to blame
UK appeal court reduces payout risk for mis-sellers
FOS award prevents civil suits, judge rules
Regulatory uncertainty is keeping life interesting
Conference and awards reflect a changing world
Greater diversity of players on Asia repo markets
Both global and regionally focused players looking to capture growing Asia repo market
US state and federal insurance regulators are squaring up
US state regulators are worried the Federal Insurance Office is exceeding its remit
Long-delayed settlements complicate op risk capital models
Delayed impact of 2008 crash means higher capital demands
Solvency II’s level 2 is the next battleground
Insurers have concerns about European Commission's unofficial Level 2 text
Benchmarking and reputation risk – editorial
Managed expectations
Progress and peril: Dodd, Maijoor, Pirrong and more on the G-20 reforms
Last year was a landmark for the derivatives reforms laid out by the Group of 20 nations in 2009, with clearing, trading and reporting rules all coming online in the US. But it was also just the start of efforts to co-ordinate and align the rules…
The white elephant of the trading book review
The Basel Committee’s fundamental review of the trading book raises some serious issues, but David Rowe argues its central proposed revision to the market risk capital regime is little more than a costly distraction
Too early to declare victory on TBTF?
Too early for TBTF call
Systemic operational risk since the financial crisis
A year of huge fines and settlements has thrown new light on the importance of controls and conduct risk
VAB’s Winter: Collateral rules risk derivatives and liquidity
Regulating collateral
Pension funds and the collateral crisis
Rising interest rates could leave pension funds facing huge margin requirements, creating an acute liquidity crisis
The Omnibus II deal may have been done, but tough negotiations remain
'Robust debates' await level 2 discussions
Accountability crucial for internal governance
Pickpockets or cyclists?
Modelling dependency in operational risk
Dependencies between risk types are a vital part of any risk model – but the choice of how to represent them can be critically important to the result of a capital calculation
Cross-border OTC reforms: No path forward
Without working European rules, a system of equivalence testing will fall flat
Start of EU clearing mandate could drag into 2015
Nick Sawyer, editor-in-chief of Risk, and Risk staff writer Tom Osborn discuss the timeline for clearing in Europe, and the tensions this could create with other regulators