Operational risk
GRC special report: sponsored roundtable
Pushing for GRC
GRC special report: editor's letter
How to sell GRC
GRC special report: sponsored Q&A
Platform for practicality
Types of operational risk loss by event, May 2009 to May 2011
Internal fraud causes higher losses than any other type
Criminal minds and increased surveillance
All you survey
LatAm central banks push op risk loss databases
Learning to share
OpRisk Europe: Implementation is key
Changing the rules
Central clearing: safe as houses?
New regulations mandating the central clearing of OTC derivatives bring operational risks for central counterparties and increased exposure to systemic risk. In the second of a two-part series, ORR looks at the problems and opportunities for clearing…
BMO's David Fletcher: advancing on the AMA
In advance
Cole: FCA will be more interventionist than FSA
Margaret Cole of the FSA tells participants at a CSFI event that a change in culture from the FSA to the FCA will allow for a more proactive regulator
Lloyds abandons AMA
Lloyds has abandoned the AMA after trying to combine two models, losing key staff and coming under scrutiny from regulators
Fraud by long-serving employees rising, survey finds
Typical fraud is committed by senior financial managers and goes unnoticed for three years, according to KPMG
Op risk needs greater R&D effort, say US regulators
Senior Fed regulators call on banks to restart research into op risk management
Emerging risk detection continues to pose dangers
Regulators keen to see evidence of how institutions identify emerging risks in next round of stress tests
OpRisk Europe: Revised ORX reporting standards due imminently
New standards will clarify definitions and requirements for reporting to loss data consortium
OpRisk Europe: Reporting key to competent risk management
Reporting is key to competent risk management, yet is often neglected, New York Fed op risk specialist warns
OpRisk Europe: Fairness fights fraud, conference told
Firms can mitigate the risk of employee fraud by paying attention to their infrastructure and culture and also to the employees themselves, according to psychologist Adrian Furnham
Industry resists Dodd-Frank real-time reporting
While the Dodd-Frank Act calls for real-time trade reporting, industry insiders argue it will be misleading
OpRisk Europe: Incorporating legal risk "not a done deal" at Deutsche
Rob Nagra of Deutsche Bank tells of the tough journey Deutsche have had to get legal risk recognised as operational risk, while another international bank has found it easy
OpRisk Europe: Business continuity must be "reloaded"
Volksbank op risk head says many continuity plans do not reflect lessons from the financial crisis
OpRisk Europe: clear risk lines vital, Wymeersch says
Eddy Wymeersch calls for independent risk function at top level
OpRisk Europe: EBA calls for common approach on CRD
Bernd Rummel describes EBA push for Europe-wide approach to capital rules
Developing a sharia op risk framework
Risk and riba
Media-savvy US regulators may play on fear of wiretaps after Galleon success
Former SEC and DoJ spokesman says uncertainty over new tactics is a powerful tool