Operational risk
Op risk experts question banks' cyber strategy
"Stupid hurts just as much as malicious," says Mark Clancy at DTCC
Omnibus accounts offer efficiency and CSD access, say custodians
Transparency of segregated accounts often idealised, says Deutsche Bank
Top five losses: op risk fines hit two-year low
Operational risk loss data – September 2015
Basel Committee to consult on scrapping op risk modelling
Regulators plan to propose single simple method
Boards have no excuse for ignorance – Standard Life’s Grimstone
Need for strong boards, risk culture and internal audit emphasised at IIA conference
A key risk indicator approach to mitigating rogue trading behaviour
KRIs for rogue trading are vital defence against multi-billion-dollar losses from unauthorised trading
Money laundering dominates US suspicious activity reports
Figures from the US Financial Crime Enforcement show a near-record level of suspicious transactions, especially around money laundering
How cultural 'bleed' across banks could reinforce op risks
Common cultural practices may span the divides between financial institutions – promoting common operational risks
Op risk needs more weight in business decisions – NY Fed
Head of op risk supervisory team views tools as 'catalysts for change'
BNY Mellon highlights dangers of unknown Sifis
Outsourcing and concentration could create inadvertent keystone companies
Response to banker recklessness needs work – lawyers
Current offence under Financial Services Act 2012 is "unprosecutable"
Still not enough senior managers being sent to jail, experts say
Personal accountability rules won’t change behaviour at lower rungs until enforced
Q&A: Op risk veterans list lessons of the crisis
Accountability and learning from past failures key to sound risk culture
Top five losses: low op risk losses represent 'new normal'
Operational risk loss data – August 2015
Increased legal entity identifier issuance improves reporting
Growing LEI issuance has improved reporting, but what comes next?
Enforcement 'biggest challenge' for new forex code of conduct
New global code to be finalised by May 2017
Op risk's role in change management is crucial – MUFG
Managers should be more confident challenging new processes
Options Clearing Corp faces pressures of systemic status
Disaster recovery and oversight key for utility's CRO
How insurers can prepare for EU anti-money laundering directive
Hill Dickinson lawyer outlines his view
Sovereign wealth fund interns cost BNY Mellon nearly $15m
Custodians should retrain HR in foreign bribery rules as SEC threatens further action
Bitcoin technology finds new uses in finance
Using blockchain should drastically speed up post-trade settlement
Business continuity tops the risk list for Options Clearing Corp
CRO explains how disasters have shaped his priorities
Newswire hacking highlights cyber and outsourcing risks
SEC prosecution for hacking newswires shows the importance of cyber defence
PPI now a minority of complaints to UK regulator
Less than half of complaints received by the FCA concern PPI mis-selling