David Benyon
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Articles by David Benyon
Vatican bank executives in money-laundering probe
Italian authorities are investigating IOR president Ettore Gotti Tedeschi over account irregularities
ECB approves business continuity standards at payment infrastructures
Systemically important payment systems get a "pass" mark but are asked to focus on crisis communication
IBM acquires operational risk software vendor OpenPages
Partnership on GRC software leads to deal, and new opportunities, says OpenPages' Gordon Burnes
Solvency II: op risk standard approach capital too high under QIS5, says UK insurer
Questions remain on the calibration of capital requirements for operational risk under Solvency II's standard formula.
IIF: banks must do better on disclosing pay practices
Regulatory requirements in the US and Europe mean banks now have tougher pay standards to comply with
Dodd-Frank: devil is in the detail on bonus transparency requirements
US banks must consider disclosure rules for CEO and median pay packages
Asset managers feel the op risk pressure
Increased regulatory scrutiny combined with investor demand for better transparency and corporate governance standards is driving improvements in the way operational risk is managed at asset and fund management businesses since the events of the…
US regulators assess rating agency alternatives
FDIC's Bair says agency ratings being inappropriately used as substitute for due diligence
Dodd-Frank sends banks on journey into the great unknown
The passing of the Dodd-Frank Act into US law signifies profound changes for banks and regulators. But how they should prepare now for the new legislation is still far from certain
Mizuho provides a model model for AMA in Japan
Japan’s regulator points to Mizuho Financial Group’s operational risk management model as an example for banks in the country to follow. Shigehiko Mori, the group’s head of operational risk, talks about how the model works and his plans for continued…
Outsourcing poses two-way operational risks for firms and service providers
First-time outsourcers might have overlooked or underestimated operational risks involved
Australian superannuation funds holding operational risk reserves
An Australian study by Mercer says 75% of super funds hold op risk reserves
FDIC creates new units as US regulators expand for Dodd-Frank systemic oversight
US regulators are hiring more staff in preparation for Dodd-Frank changes
Dodd-Frank prop desk carve-out creates restructuring risks
Intellectual property and internal talent could get caught up in bank prop desk divorce
Data deluge increases info management risk
A study suggests the retention of unnecessary information is creating overflows and increased risks at many businesses
FSA revised pay code ‘tightens the screws’ on remuneration
New UK bonus rules are widened to cover thousands more investment firms
Dodd-Frank Act signed but uncertainty remains
New legislation means more study and rule-makings needed, creating operational risks for banks
UK Treasury regulatory reform paper hints at potential industry costs
More details emerge on how the new regulatory regime in the UK will be structured
Dodd-Frank: consumer protection regulator to increase retail op risk exposure
The planned Consumer Financial Protection Bureau could drive US focus on treating customers fairly for retail banking and credit products