Operational risk
Banks 'starting to panic' over Fatca
Banks outside the US face operational challenges and increased costs under new tax regulations
New op risk system patent, using Bayesian networks, awarded to IBM
Patent project spearheaded by Jonathan Rosenoer is one of a very few op risk system patents to be awarded
European Parliament calls for delay in Solvency II implementation
Parliament calls for delay but European Insurance and Occupational Pensions Authority says it would like aspects of implementation to start now
Oric-ORX merger off
Talks between Oric and ORX regarding a possible merger have been called off owing to a lack of common ground
Uprisings lead to AML improvement in Middle East
Banks in the Middle East have a heightened awareness of AML issues since this year's uprisings, according to industry experts
Morgan Stanley and Credit Suisse choose EuroCCP under interoperability
Banks such as Morgan Stanley and Credit Suisse have chosen EuroCCP to clear their trades under new system of interoperability
LSE to close TRS once sale has been approved
The LSE is planning to close the TRS approved reporting mechanism it has conditionally bought from the FSA
Six Securities Services names Wieland as clearing chief
Urs Wieland has been named CEO of Six Securities Services
NCB appoints vice-president of financial audit and control
NCB has appointed Jonathan Klugman as vice-president of financial and audit control
Adkins quits Financial Fraud Enforcement Task Force after 17 months
The executive director of the financial fraud enforcement task force has quit his post after just 17 months
Risk-managing the Middle East's revolutions
Risk-managing revolution
Launch of interoperability not perfect
Interoperability has launched in cash equities with a system that is good, but not perfect
UK FSA fines Willis £6.9 million for anti-bribery failings
The FSA has fined insurance brokerage Willis £6.9 million for failures in its anti-bribery and corruption systems and controls relating to payments to overseas third parties
Types of operational risk loss by event, June 2009 to June 2011
SAS June data shows a return to smaller losses, and FinCen's new data shows the number of suspicious activity reports filed by US depository institutions falling for the second year in a row
A simple formula for operational risk capital
A new formula from the Japanese FSA allows a straightforward and risk-sensitive calculation of capital levels, which could mean many banks increasing their AMA capital holdings
Curing the culture of fraud
Internal affairs
New FFIEC regulations acknowledge changing online threat
On the back foot
OpRisk Asia: the perils of prosperity
This year's OpRisk Asia conference saw speakers warning of the dangers of fraud, regulatory overreach, and bank overconfidence
Lamb discusses CME Clearing Europe's goals
A clear goal
Lowrance charged with using investor funds for Ponzi scheme
Jeffrey Lowrance charged with using investor funds in a Ponzi scheme to fund start-up newspaper
Former chair of Taylor, Bean & Whitaker sentenced to 30 years
Lee Farkas, former chair of TBW, has been sentenced to 30 years and ordered to pay back $38.5 million
JP Morgan Securities charged with rigging municipal bonds
JPMS rigged at least 93 municipal bond reinvestment transactions in 31 states, SEC says
UK trio sentenced for phishing scam
Three men have been sentenced to a total of 13 years and six months for their part in a phishing scam that attempted to steal more than £1.3 million