Operational risk
IOR promotes development of KRIs in new guidance
Institute of Operational Risk says firms must use key risk indicators to assist decisions, not make them
Sergeant leaves Lloyds; mooted for regulatory role
Carol Sergeant leaves Lloyds Banking Group
Foreclosures failings could lead to 'second round of crisis'
Former US Senate special counsel predicts trouble for institutions struggling to foreclose mortgages
Ellen Davis: Bringing back the Belgian dentist
New EU-wide regulations for retail investment products are needed to lure investors back into European securities, according to speakers at the ICFR conference in Amsterdam
Reform needs broader view, says former Cesr head
Regulators need to look beyond capital structures to human issues, says Docters van Leeuwen
Argentina not addressing anti-money laundering failings says FATF
FATF moves to attack Argentina for lack of progress in AML; while Hong Kong acts to shore-up deficiences reported in 2008
Risk USA: Pay bigger than politics, says former Treasury adviser
Risk managers need to look closely at compensation, declares former US Treasury adviser
Banks must keep non-execs 'up to speed' on risk, says consultancy
Protiviti head says the 'warp speed' of risk management means non-executive directors can struggle to keep up
Financial industry raises problems around remuneration framework at Cebs hearing
The remuneration proposals for EU banks would make it difficult for banks to recruit and retain people in Asia, and create large personal tax liabilities
Cebs says work on supervisory colleges is accelerating
Cebs secretary-general Arnoud Vossen, in an interview with Operational Risk & Regulation, says work on improving supervisory colleges is speeding up
Gulf One's Rowan: Op risk value lies in strategy
The thinker
Operational Risk & Regulation data, November 2010
Analysis of operational risk loss events
Mexico faces risks in fight against money laundering
Fight and flight
Dipo conference: Loss-data consortiums switch focus from quantity to quality
Quality over quantity
Op risk appetite: Do firms have a balanced diet?
A balanced diet?
Demand for consultants increases amid heavy regulation
Regulation education
Product suitability top concern for Asia op risk managers
A suitable ploy
HSBC issued with cease-and-desist order for AML failures
HSBC's North American arm accused of deficiencies in compliance
FSA fines two mortgage brokers at Pace Financial £400,000
Two banned from working in financial services after submitting false and misleading information to secure mortgages
Dallas star Larry Hagman awarded $11.5 million payout
Actor claims Citigroup breached fiduciary duty
Hedge fund manager guilty of $7m insider-trading scheme
Joseph Contorinis used inside information about mergers and acquisitions to execute trades
Citigroup rejects discrimination claims as lawsuit launched
Bank accused of suffering from a 'boys’ club' mentality
Data management still presents issues for many banks says report
Middle office needs "a big stick" to ensure smooth data storage