Operational risk

The ABC of ORMs

Creating an effective operational risk management (ORM) framework is essential for the institution looking to stay afloat in today’s volatile op risk environment. Gene Álvarez provides an in-depth analysis of how such a framework can be put in place

Protecting alpha, preventing omega

The process by which hedge funds do business is under increasing scrutiny from both regulators and investment institutions. Getting it right at the outset is essential if the industry is to develop. By Anthony Cowell

In a muddle over MiFID

The EU’s Markets in Financial Instruments Directive (MiFID) has appeared like a bolt from the blue for most op risk managers. Should they be scared? By Duncan Wood

CEBS to create EU reporting standards

LONDON -- In January, the Committee of European Banking Supervisors (CEBS) launched a consultation on standardising certain aspects of financial reporting within the EU. It also announced a complete timetable for the various consultations it plans to…

Consolidated supervision row brews

BRUSSELS -- European financial services associations are furious that the compromise text produced by the European Council on December 7, 2004, for the capital requirements directive (CRD) did not modify the European Commission’s proposals on…

FSA releases latest paper on Basel II

LONDON -- At the end of January, the UK’s Financial Services Authority (FSA) released its newest consultation paper on Basel II implementation, CP05/3, Strengthening Capital Standards , along with a cost-benefit study of Basel II implementation, a…

The Risk Awards 2005

Risk’s sixth annual awards highlight the institutions and individuals that have surpassed expectations in highly challenging and competitive markets, as well as recognising the achievements of a broader range of end-users of derivatives.

How op risk mitigants affect regulatory capital

For banks to develop an efficient operational risk hedging strategy, they need to consider the capital impact of the four main mitigant types: insurance, business continuity management, controls and staff training. By Niclas Hageback

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