Fraud
Managing operational risk in African nations
The African way
Starting afresh has advantages for Metro Bank
In the current climate, a startup retail bank will attract a lot of attention from regulators – and criminals. Metro Bank's chief risk officer Mike Hudson discusses fraud, incentives and the advantages of living without legacies with Jessica Meek
Metro Bank CRO cites virtues of a clean slate
A new launch allows a bank to set its own risk culture from scratch – but newly launched banks may be a target for fraudsters, says Mike Hudson
Severity of fraud falling across Europe
Fico and Euromonitor collect European card fraud data and SAS Software tracks biggest op risk events
OpRisk Asia: Losses due to card fraud growing, says Visa risk manager
Growth of e-commerce the reason behind rising losses – and regulators are concerned, says regional head of country risk management
CFTC’s Chilton: Libor manipulation attempts ‘serious and significant’
CFTC orders Barclays to pay a $200 million penalty. Commissioner Bart Chilton says agency is "vigorously looking at individuals"
OpRisk Asia: Rogue traders exploiting ‘weaknesses’ in op risk controls
Operational risk managers need to be more proactive in confronting the trading floor, conference hears
Insider fraud rising, but controls improving, survey suggests
Cifas study finds sharp rise in UK fraud by staff
Mitigating the risk of organised crime on banks' call centres
A balanced defence
OpRisk North America highlights the limitations of risk management
Limits and boundaries
Cifas data shows identity theft rose in 2011
Operational risk data
Organisations must prioritise cybercrime as risk increases, experts say
Cybercrime climbs rankings of economic crimes in latest survey
SEC subpoenas Wells Fargo in fraud investigation
Bank accused of failing to provide necessary evidence
Corporate investigations: the risks and pitfalls
Mastering deduction
Internal fraud climbs in public sector, PwC survey finds
PricewaterhouseCoopers (PwC) survey finds rising fraud levels, especially committed by insiders, and SAS monthly loss data shows financial services firms continued to suffer from ‘Clients, products and business practices’ issues in January
Suspected $150 million rogue trade uncovered at Threadneedle
City of London Police investigating blocked trade
UBS chairman steps down
Kaspar Villiger will leave the bank in May
UBS could 'get slammed' by FSA enforcement investigation
The FSA announces commencement of its formal investigation that could see UBS 'get slammed', according to one legal expert
Record fine for fraudulent CEO 'not enough', says expert
FSA fine for ex-JC FLowers chief executive 'does not show credible deterrence'
Internal fraud will rise in 2012, experts warn
Internal fraud is on the increase in the face of downsizing and recession, according to industry experts
Adoboli pleads 'not guilty' to UBS fraud charges
Alleged 'rogue trader' enters plea at third hearing
Regulators 'driving fraud investigations'
Regulatory pressure is the main factor driving internal investigations, according to one forensic specialist
Fannie Mae CEO steps down
Williams to leave agency once replacement is found
SEC charges against Fannie Mae and Freddie Mac execs are 'effort to rehabilitate reputation'
Securities fraud charges brought against former top executives seen by one legal expert as attempt by regulator to improve image