Operational risk
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
Stephen O'Connor elected new chair of Isda
Morgan Stanley's global head of OTC client clearing takes the helm
Video: Defining and communicating risk appetite a tricky task
Chief risk officers at Risk Europe's session on risk attitude and discipline discussed the difficulties they face in building a risk culture in their organisation
Risk managers not convinced Basel III will help manage risk
Almost half of Fitch survey respondents say lack of regulatory clarity is the biggest issue facing the risk management industry
Isda AGM: industry fears post-trade transparency effects
Panellists discussed the blow-back the proposed 15-minute block-trade rule could have for end-users, as well as real-time trade transparency regulatory co-ordination
Risk governance biggest area of change for firms, says E&Y report
Ernst & Young's industry survey shows firms have made some improvements to risk governance and transparency, but more work still needed
Farnham appointed CEO of Turquoise
Replaces David Lester, who has become chair of the London Stock Exchange Group