Operational risk
Operational infrastructure at hedge funds comes under closer scrutiny
Behind the facade
Changing Hats, January 2011
Changing Hats
Cebs offers advice on changing AMA models
Cebs offers advice on changing AMA models
Failed transactions render banks illiquid says consultancy
BPG: Failed transactions render banks illiquid
EU plans to standardise sanctions welcomed, but 'impractical'
EU plans to standardise sanctions welcomed, but 'impractical'
2011 stress tests will struggle for credibility, say experts
2011 stress tests will struggle for credibility
Bank of England's Bailey: UK PRA and banks will be 'heavily engaged'
BoE's Bailey: UK PRA and banks will be 'heavily engaged'
Bribery Act unlikely to see firms pursued for facilitation payments
Facilitation payment charges not likely under Bribery Act
Sigor's new sound practices paper says boards must set tone at the top
Sigor releases revamped sound practices paper
Sigor tackles AMA range of practices in new consultation paper
Gives guidance on advanced approaches
Australian corporates weak on scenario analysis and strategic risk management, survey finds
Companies in Australia are good at looking at the operational aspects of risk, but place little thought on scenario analysis and strategic risk control, according to the Chartered Secretaries Australia (CSA)
Operational Risk & Regulation 2012 Innovation Awards
Operational Risk & Regulation magazine will publish its annual awards in March. Find out how to enter here
RBS agrees to help publish report of FSA investigation
RBS agrees to help publish report of FSA investigation
Corruption dubbed most pervasive op risk for 2011
Control Risks report highlights the impact of the UK Bribery Act on operational risk management
Regulatory arbitrage worsening, says Lloyds head
Win Bischoff, chair of Lloyds Banking Group, warns of increasing divergence between regulators
Sound Practices paper updated by Sigor
Long-awaited redrafted paper on Sound Practices for Operational Risk Management released for consultation by Sigor.
Sigor consults on new AMA supervisory guidelines
AMA range of practices tackled in new Sigor paper.
Industry doubts disclosure will drive remuneration reform
Think tank CSFI unsure of merits of transparency as focus on remuneration grows
SocGen studies hedge fund fraud to reduce risk
French bank completes statistical study on statistical properties of fraudulent funds
UK government responds to industry criticism of regulatory restructure
HM Treasury issues consultation summary on proposed changes to financial oversight in UK
FSA forced to admit 96 staff exits in Q3
UK regulator admits it lost staff in the third quarter of 2010.
Inefficiency in reporting costing institutions more than 700 days a year
Consultancy says duplication of reporting and poor compliance oversight is costing banks massively
Types of operational risk loss by event, October 2008 to October 2010
As in August, most losses in October fell into the ‘Clients, products and business practices’ category