Operational risk
How BlackRock's David Ridgway handles the truth
Handling the truth
Changing Hats, April 2011
The latest movers and shakers in operational risk
Japan crisis proves value of multivariate scenarios
Japan shows value of multivariate scenarios
MAS issues consultation paper for regulation of credit rating agencies
MAS issues consultation paper for regulation of credit rating agencies
Eiopa: Internal models beneficial under Solvency II
Eiopa: Internal models beneficial under Solvency II
OpRisk North America: ‘Nasty’ new regulation threatens foreign banks in the US
The Foreign Account Tax Compliance Act expected to impact on the systems and operations both of US and foreign firms
OpRisk North America: Moving OTC trades onto CCPs will increase op risks
Moving OTC trades onto CCPs will increase op risks
OpRisk North America: US foreclosure crisis highlights boundary risks
US foreclosure crisis highlights boundary risks
JWG risk data survey shows firms slow to respond to regulation
Survey from London-based think tank shows firms not yet ready to meet the data challenge posed by new financial regulation
Proprietary code thieves sentenced in US
Former Société Générale trader Samarth Agrawal and former Goldman Sachs programmer Sergei Aleynikov have been sentenced
$10 million identity fraud ring smashed by US authorities
Schemes involved staff from 11 high-profile US banks
SFO under pressure over Kaupthing investigation
Two arrested amid investigation into Kaupthing collapse say raids were a publicity stunt
FSA denies CDO insider-trading crackdown
Regulator says investigations into certain market groups do not represent a CDO insider-trading initiative
UK FSA hits FX broker with £85,750 fine
Regulator says ActivTrades failed to properly segregate clients' funds from its own
UBS faces investigations over Libor manipulation
Has received subpoenas from several international authorities
SEC charges hedge fund managers with abusing client assets
New York SEC director says two managers “violated the most fundamental duties of an investment adviser"
Sponsored webinar: Meeting the Solvency II operational risk challenge
Solvency II introduces a new EU-wide regulatory approach to determine capital adequacy for meeting an insurer’s true risks. Due to come into force in 2012, Solvency II promises a more sophisticated ‘risk-based’ form of supervision that will require many…
UK Bribery Act guidance fails to clarify compliance issues
New guidance from the Ministry of Justice and the Serious Fraud Office helps in some areas but muddies the waters
Apra QIS shows operational risk capital to increase for insurance firms
Australian Prudential Regulation Authority says industry not ready to model for operational risk capital rules
NZ Reserve Bank releases sector-specific money-laundering assessment
New Zealand's central bank carries out sector risk assessment to help firms comply with the NZ Anti-Money Laundering and Countering Financing of Terrorism Act
Sponsored webinar: Thinking holistically – the benefits of enterprise risk management
Thinking holistically – the benefits of enterprise risk management
BoJ’s Miyao pledges continuity of settlements system during planned blackouts
Bank of Japan Policy Board member Ryuzo Miyao says in-house power generation at central bank branches would support settlements systems ahead of planned power shortages
Sigor chair warns rising op risk losses not reflected in capital
Head of Basel op risk subcommittee notes rising losses in 2008 and 2009 compared with minimal capital growth