Business continuity
A growing focus on op risk
Operational risk and resilience have taken centre stage over the past year. While op risk concerns all systems and controls that deliver effective solutions against the risks financial services businesses regularly face, Jonathan Peddie, partner at Baker…
UK regulator issues plans for bank ops resilience
Bank of England to publish formal policy for recovering from disasters in 2020
FBI sees steep rise in state-sponsored cyber theft
Risk USA: Impact of US sanctions driving theft “to fund coffers”, says special agent
NY Fed CRO urges banks to improve risk controls
Risk USA: Tangled web of controls threatens ability to recover from attacks, says Rosenberg
Static and dynamic risk capital allocations with the Euler rule
This paper studies the volatility of the Euler rule for capital allocation in static and dynamic empirical applications with a simulated history.
Margin reform – From challenge to opportunity
SmartStream Technologies explores how, as new initial margin regulations from the Basel Committee on Banking Supervision and the International Organisation of Securities Commissions become a pressing concern for more firms, technology service providers…
Singapore banks ramp up cyber scenario analysis
StanChart building out scenario library as dealers up use of technique to gauge spending on defences
BoE to scrutinise banks’ op risk tolerance limits
Watchdog says banks must prove they can stick to tolerance limits; cyber stress test planned
Execution issues dominate UK bank op risk losses
This category of risk accounted for 47% of op risk losses on average at five banks
Regulators zeroing in on non-financial risk, say banks
Several big financial firms said to be considering appointing heads of non-financial risk
Keeping the lights on
Power companies need to focus on resilient networks
Natural gas house of the year: BP
Energy Risk Awards 2018: Reliability is key to BP’s ability to deliver across global gas markets, even in difficult conditions
On the offensive – Seeking a new edge, buy-side invests in portfolio and risk analytics
A fast-moving, headstrong hedge fund – hit by rare losses after a black swan event touched on an overweight country exposure – ponders adding fresh quantitative expertise. Much to traders’ chagrin, the chief investment officer and chief operating officer…
Swift’s CRO on Bangladesh Bank heist, cyber risk and DLT
Quraishi lays out Swift’s approach to members’ security, and technological risks and opportunities
Better data key to cyber risk underwriting, say practitioners
Lack of loss data means predictions are a problem
Cyber threats forcing business continuity overhaul
Communications need close attention when firms are attacked, conference hears
Legacy systems: mission impossible or mission unnecessary?
Old technology poses security and compliance risk
BNY Mellon highlights dangers of unknown Sifis
Outsourcing and concentration could create inadvertent keystone companies
Options Clearing Corp faces pressures of systemic status
Disaster recovery and oversight key for utility's CRO
Business continuity tops the risk list for Options Clearing Corp
CRO explains how disasters have shaped his priorities
Op risk benefits from looking outside the office
Air safety and epidemics are all relevant to bank ORM
Top 10 op risks 2015: physical security
Focus on cyber threat shouldn't mean ignoring physical risks
Top 10 op risks 2015: city failure
Resilience a growing concern for modern cities
Top 10 operational risks for 2015
Heavy regulatory costs and fragile systems will be problems in 2015