Operational risk
Dyson appointed deputy chief information officer at SEC
Dyson’s brief involves updating IT systems
Banks recognise need for major culture shift, says FSA’s Turner
Chairman of the FSA uses annual Mansion House speech to highlight the issue of bank culture
FFIs facing legal conflict with Fatca compliance, experts warn
Jurisdictions with an intergovernmental agreement in place may find foreign financial institutions facing a legal conflict with Foreign Account Tax Compliance Act compliance
Stay cautious about business with Burma, banks warned
Sanctions have been lifted, but Burma is still high-risk
FSA flexing its muscles with RDR letter, observers say
A "Dear CEO" letter from the FSA on RDR is seen as a harbinger of its new interventionist stance
Adoboli colleague denies knowledge of ‘umbrella’ fund
Simon Taylor, a junior ETF trader alongside Adoboli, claims he never knew of hidden profits
Sponsored webinar: IBM
Achieving Solvency II compliance while increasing business performance
Libor governance to be put out to tender
The FSA confirmed today that the BBA will be stripped of its Libor powers
RDR guidance causing confusion, experts say
FSA guidance notes on the RDR need clarifying, industry experts warn
Libor in need of ‘massive makeover’, CFTC’s Chilton says
CFTC's Chilton says a complete overhaul of Libor is needed - including distancing it from the BBA
Fatca IGAs causing concern in US
Wake-up call
Out of the ashes: Portigon’s rise from WestLB
Out of the ashes
Credit risk structural models in op risk
An exposure-based method using a credit risk structural model may help operational risk managers predict underwriter litigations. By Patricia Rosa
Near-record high in complaints in 2011, FSA data shows
Near-record high in complaints in 2011, FSA data shows
More risk at the top table
Top 100 banks
Adoboli's fellow trader knew about off-book profits, court hears
Others on the ETF desk were aware that alleged UBS rogue trader was hiding profits in an "umbrella" account, court hears
Knight Capital creates CRO role after $440 million losses
Following losses because of a rogue algorithm, Knight Capital creates new roles
Adoboli jury hears of 2011 culture shift at UBS
Witness says risk limits were "flexible"
Pfeifer changes role at Commerzbank
Former head of op risk switches to project management role
Court hears details of rogue trader Adoboli’s fraud
Rogue trades went undetected for almost three years, prosecution says
Adoboli defence will claim colleagues were complicit
The trial of UBS rogue trader Kweku Adoboli started this morning – and the defence will claim UBS colleagues were complicit
Portigon abandons AMA for op risk capital calculation
Portigon – the entity that emerged from the break-up of WestLB – moves away from the AMA for op risk calculation after forced restructure
Operational risk survey shows risks higher at large banks
Operational risk losses are disproportionately high at large banks, new survey finds
UK parliament renews pressure on Barclays tax avoidance
Tyrie calls for more action on tax schemes