Operational risk
BCBS issues final version of report on financial sector pay
Basel Committee on Banking Supervision reveals risk-adjusted remuneration report; urges large firms to move away from remunerating employees based purely on profits
Bribery Act requirements just good business practice, says consultancy
Kroll chair, Tommy Helsby, says firms should already have most systems in place and implementing better procedures will benefit businesses
Sigor plans new LDCE to capture operational risk losses since crisis
Working group is also considering raising betas in the Basel II standardised approach to encourage movement towards the AMA, but some say this is not the answer
More detail needed on new UK regulatory regime
At a briefing in London, consultants Bovill called for more clarity about how the new UK regulatory regime will operate in practice
Information management problems hurting institutions, says study
Financial institutions struggling to address issues around document control and email management
IIF report states need for bank 'bail-ins'
Institute of International Finance says the mechanisms it is proposing will protect the taxpayer from losses
Alternative Fund Administration Survey 2011
Alternative Fund Administration Survey 2011
Suncorp’s risk controls and ops face up to Queensland floods
Withstanding disaster
IRM tackles thorny issue of risk appetite in new consultation paper
IRM issues guidance for boards of directors of listed companies on how to set risk appetite and tolerance
Institutions must increase scrutiny of sanctions lists after Bin Laden's death
The death of Osama Bin Laden is likely to mean movement of terrorist assets, which means banks must be on their guard, says Logica director
Using external data to calibrate Solvency II internal models
External solutions
Understanding the hidden risk of Solvency II
The hidden risk
Video: Market risk reporting requires standardisation, says Risk Europe keynote speaker
A plethora of methodologies for reporting market risk in annual reports makes transparency impossible, says Sanjay Sharma at Risk Europe in Brussels
Deutsche restructures Taunus to avoid unnecessary capital movement
Despite reports the German Bank is seeking to sidestep new US capital rules, the restructure of Taunus will help Deustche Bank put capital to better use
Firms’ misdemeanours keep FSA in the money
The total number of fines issued by the FSA since its records began has now reached £239.8 million
Types of operational risk loss by event, March 2009 to March 2011
Losses in the ‘Clients, products and business practices’ category continue
Where sharia meets the AMA
Risk and riba
UK FSA has designs on retail product design
Designs on design
Lawyer warns of securities fraud lawsuits over foreclosure crisis
Bank of America faces lawsuit over charges of witholding information on failings, and others could follow
OpRisk North America: risk appetite, supermodels and reform
Northern exposure
Control frameworks need top-down approach
Control chaos
Deutsche's Hrvatin embeds op risk culture using KRIs
Shifting culture