Operational risk
Oric and ORX in talks regarding possible merger
Oric and ORX have been in talks for more than a year regarding a possible merger of their operational risk data platforms
Only 15% of financial institutions have management information resources in place
Firms do not have MI risk programmes in place to deal with upcoming regulations, according to a report by think-tank JWG
Ease of bank switching could cause systemic risk
Meeting consumers' demands for easier bank account switching could increase the risk of a bank run, insiders fear
Sponsored feature: MEGA
How to use operational governance to create sustainable business value
Sponsored webinar: Where does responsibility lie with operational risk?
Webinar hosted by Operational Risk & Regulation and sponsored by Oracle addresses how to improve visibility and acceptance of op risk management techniques
Types of operational risk loss by event, April 2009 to April 2011
SAS presents the highest op risk losses in April and ABA Operational Loss Data Sharing Consortium analyses Q4 losses in the US
UK consumer protection: the fuss over the FSCS
The UK’s Financial Services Compensation Scheme (FSCS) was set up to ensure consumers could be compensated if their bank went under. But who should be paying for it? And what does its future hold as the country’s financial regulation framework is…
Op risk in Canada: a recipe for success
Oh, Canada
The ORR 20: Compliance software rankings 2011
GRC is back
Firms face heightened op risk while implementing US CCP rules
Through a glass darkly
Citi's Wertheim: Operational risk function must detect to protect
Detective stories
Fed to kick off annual stress-testing programme 'towards end of the year'
FRB building models to compare and benchmark bank results from late 2011
Mortage company chair convicted on 14 counts of fraud
Sigtarp says: "This is the most significant criminal prosecution to date rising out of the financial crisis"
Sentences handed down in Omni fraud case
Delroy Davy convicted of bank fraud, sentenced to 14 years in prison
SEC charges three execs in California with boiler room fraud
mUrgent Corporation and three of its executives charged with $10 million fraud
UBS ordered to pay $160 million in fines by SEC
Swiss bank charged with undermining the competitive bid process of municipal securities
British banks ring-fence more than £5 billion for PPI compensation payouts
Banks will not appeal decision of judicial review regarding complaints against them and have set money aside for settlements
SEC appoints director for national broker-dealer examination programme
Will oversee a staff of about 300 responsible for the inspections of US-based broker-dealers
Poulos joins Citi as global head of business continuity
Says crisis management is 'vital' part of new role
Firms could face Bribery Act prosecution over FCPA compliance
UK regulators could use documentation provided to US counterparts as evidence of facilitation payments
AIB refunds €8 million to ATM customers
Billing errors have caused Allied Irish Bank to rethink its ATM anti-fraud strategy
Rajaratnam: 'The Wire' meets Wall Street
OR&R speaks to lawyers on both sides of the Atlantic to divine the implications of the largest insider-trading conviction of all time
Sheer volume of new regulations is 'risk in itself'
Banks struggling to cope with implementing the wave of new legislation might miss indications of another crisis