Operational risk
Citigroup settles CDO charges for $285 million
The SEC has ordered Citigroup to pay $285 million to settle charges relating to a short position taken against its own CDO investors
A business risk approach to IT governance
Content provided by IBM
Esma outlines aims for regulatory consistency
Consistent effort
Rajaratnam sentenced to 11 years for Galleon insider trading
Galleon insider trader Raj Rajaratnam has been given a record sentence in the US for insider trading
US banks at a disadvantage in face of Volcker rule
Non-US banks will have an advantage over US counterparts when it comes to prop trading, according to one legal expert
Basel Committee's Sigor to undertake review of operational risk regulatory framework
Wide-ranging review seeks to raise operational risk capital and overhaul the basic indicator and standardised approaches
The Atlantic divide over scenario analysis
Continental differences
Culture and checklists: Maersk's op risk management
Safe sailing
Video: Japan earthquake highlighted ‘lifeline role’ of banking services
Hiromi Yamaoka from the Bank of Japan, Masao Hasegawa from MUFG, and Takashi Oyama from Norinchukin Bank explain the lessons learned following the Great East Japan Earthquake on March 11. These include the importance of comprehensive business continuity…
Regulators failing to take the lead on operational risk, says new survey
Few regulators are taking operational risk seriously, says Mike Finlay, chief executive of RiskBusiness
Industry underestimating risk of cybercrime, forum hears
Survey results show infosecurity is a low concern, but industry expert says otherwise
Solvency II modelling could cause systemic risk, industry warns
Industry experts warn uniform modelling under Solvency II could lead to risk contagion
Solvency II causing uncertainty for risk managers
Call for lobbying push on details of new regulations
Risk managers have been falling behind, forum hears
Risks have overtaken risk managers in the past 10 years, according to speakers and delegates at the Ferma forum
Regulation not key driver for ERM within Nordics
ERM is being driven from within firms in the Nordic countries, according to survey results
UBS could face lawsuits after rogue-trading losses
Management failures could leave bank liable
RBC Capital to pay $30.4 million to settle charges
RBC Capital is charged with misconduct in the sale of CDOs by the SEC
Auditors to be changed every nine years, EC proposes
Leaked draft EC regulation demands sweeping changes in auditor regulation
Turmoil continues at UBS as Grubel steps down
Chief executive takes the fall for $2.3 billion rogue-trading losses
Greater focus on OTC derivatives op risk required in Asia – Celent
Market participants in Asia need to focus more on operational risks associated with their resurgent OTC derivatives trading volumes, especially as the market moves towards trade repositories and central counterparty clearing, according to a new report…
Video: BBA says banks at risk of losing investors under ICB proposals
The capital requirements in the ICB report could make investment in financial institutions unattractive
Prepare to minimise terrorism risk
Prepare and prevent