Operational Risk & Regulation - March 2015
Articles in this issue
Crypto-currencies pose risk management questions for banks
Uncertainty reigns over the legal and accounting status of currencies such as bitcoin and their regulation
UK's FCA to act earlier to counter charges of retrospective regulation
Regulator reacts to complaints but defends right to change its mind
Proposed UK fraud law takes aim at companies
Firms could be prosecuted for failing to prevent economic crime
Banks struggle with tough rules on beneficial ownership
New systems and processes necessary to prevent illicit money flows
Judgement-led approach to conduct risk capital draws criticism
Proposal by UK banking watchdog receives mixed initial response
Bitcoin technology could slash transaction risk in banking
Using cryptography to validate transactions may transform finance
Top five losses: compliance failures dog banks
Operational risk loss data – January 2015
Central bank chief welcomes code of conduct for Hong Kong bankers
Banks agree code designed to improve culture and protect consumers
Cyber insurance targets wayward threat – as best it can
Questions over policy design and coverage blight nascent industry
Is reputation risk overstated?
Operational incidents do not always give firms a bad name
Pending EU data law may trigger class action against firms, say lawyers
Group litigation will force boards to focus on cyber risk
Regulators defend AMA as a process to manage op risk
Modelling operational risk capital provides insight into banks’ weak spots
AMA uncertainty hindering widespread adoption among banks
Some banks shy away from the op risk method under review
Collateral damage: what HSBC's troubles mean for AMA
HSBC affair highlights a problem with modelling op risk capital
SEC names members of equity market advisory committee, and other recent job news
Twelve-strong advisory committee drawn from industry, academia and public interest groups
Special report: Cyber risk
A series of articles about cyber risk
The fines don’t work: UK banks worst-behaved again in 2014
Bank fines hit £1.37 billion in 2014, a fourfold increase on previous year
