Operational risk
Cross-border cultural concerns are a priority for Raiffeisen
Raiffeisen Bank International operates across central and eastern Europe – op risk head Nicole Murtinger discusses the cultural challenges this brings her
The importance of risk data
Op risk managers must prepare for much greater regulatory demand for real-time data
More focus needed on response to data breaches, says panel
Firms focusing on prevention, but they need to concentrate more on detection, say cyber-security experts
Risk managers too focused on model outputs, Lloyd’s risk head says
Risk managers need to look beyond models and consider a wider universe of risks, says Reeves
Insurers need to do better on innovation, say chief executives
The insurance sector needs to up its game and help companies remove new risks from their balance sheets, panellists say
CRO’s role must be more clearly defined, conference told
Greater communication between departments also key to risk management
PRA losing key op risk staff after just six months
Senior op risk staff set to move into private sector
JP Morgan fined $920m over 'woefully deficient' London Whale controls
UK and US authorities fine bank over $6.2 billion trading losses in July 2012
Asian insurers 'must strengthen data security' in face of new laws and technology
Data security legislation and new technologies require more sophisticated security measures, say CROs.
The compliance implications of AIFMD
Managed expectations
PPI-related complaints show signs of levelling off
Modest increase in complaints related to payment protection insurance
Top five losses: lowest op risk losses for 18 months
Operational risk loss data – August 2013
Finding relationships between macroeconomic variables and losses
Multivariate analysis is a powerful tool for finding significant relationships between business environment and risk losses
SEC under fire over no-fault settlement agreements
An open verdict
Software risk is only part of the stability problem
Authors of their own destruction
Data, delays and loss of focus: operational risks in M&A
When two become one
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Wall Street trading software not adequately tested, experts warn
Recent glitches highlight aggressive culture on Wall Street
SEC: critical business continuity tests lacking in run-up to Sandy
Investment advisers accused of lack of preparation in face of Sandy
Solvency, GRC and surviving storms at The Hartford
US insurer's op risk head Kay Rahardjo discusses solvency regulations and the lessons learned from 2012's superstorm
Nasdaq failure underlines worries over infrastructure resilience
The loss of service at one of the biggest US exchanges emphasises the risk of a failure at key service providers