Fraud
Top 10 op risks in 2018: IT disruption heads poll
Cyber risk dominates three of top four categories; model risk and mis-selling re-enter top 10
Monthly op risk losses: Aussie banks settle rate rigging claims
Breakdown of top five loss events, plus insight on $7bn US consumer protection fines. Data by ORX News
Monthly op risk losses: Equifax breach sparks regulatory review
Breakdown of top five loss events, plus spotlight on Sweden’s largest ever phishing attack. Data by ORX News
Malaysian central bank called to act against 1MDB officials
Bank Negara Malaysia says it will continue to work with international agencies over alleged fraud
Bank of the West’s Pollino on being loud about insider fraud
Cyber-security officer applies ‘broken windows’ theory to financial fraud prevention
Banks move to model smaller op risk losses
Credit Suisse is using scenario analysis to model the risks associated with internal fraud losses
CVA, fraud and settlement risk
April 28–May 4, 2017
Cyber assault on Russian banks mirrors Swift attacks
‘Advanced persistent threat’ attacks threaten wholesale payment networks
Singapore fines two foreign banks for 1MDB-related breaches
Investigations continuing into Goldman Sachs’ role, regulator says
From Russian roulette to overcautious decision-making
Risk-taking ought to be judged by its necessity, not likely outcomes, says Ariane Chapelle
Financial Crime Survey 2016: Compliance and online fraud top the financial crime investment charts
Sponsored survey analysis: BAE Systems
Ex-HSBC trader faces extradition to US
DoJ plans US charges for Scott over forex frontrunning
Best fraud detection product: Clari5
Financial crime-management system uses collective intelligence and responds to changes in a client's behaviour over time
Bank of the year: UBS
Risk management failures cause the bank to revamp its op risk programme
Financial crime: Convergence of AML and fraud to achieve greater effectiveness and efficiency
Sponsored webinar: Fiserv
UK financial firms lack ‘basic cyber hygiene’, says FCA
Financial regulator says it will challenge firms more regularly on cyber security
Swift details plan to toughen cyber defences
Five “strategic initiatives” designed to help global financial community prepare for future attacks
Bank fraud and the macroeconomy
This paper empirically tests for correlations between fraud and the macroeconomy.
Bangladesh central bank governor resigns over theft
Atiur Rahman has resigned following theft of $101 million
Best compliance product: BAE Systems Applied Intelligence
BAE Systems uses sophisticated network analysis to curb threat of money laundering
Response to banker recklessness needs work – lawyers
Current offence under Financial Services Act 2012 is "unprosecutable"
Wages of sin: Hayes trial highlights abuse of Libor weaknesses
Interest rate's governance and wider industry culture also in the dock
Hayes saw his Libor requests as a 'numbers game' – judge
Judge's summing-up continues for jury
Dishonesty central issue of Hayes case, judge reminds jury
Tom Hayes Libor trial enters final stage