Internal audit
Op risk managers need to turn on the charm
Op risk practitioners are being asked to display more people skills, which will help them to embed an operational risk culture across their firms. But even the most charismatic of managers stand little chance of being promoted above their credit and…
Recession has silver lining for GRC concept
Ideas about governance, risk and compliance are still evolving, but the downturn has provided a chance to put them into action.
IIA issues new risk management standards
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Auditors focusing on operational risks; increasing risk management role
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Internal audit turns focus to risk management
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Audit firms’ liability cap recommended by European Commission
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Infringement procedures begun due to 3MLD implementation failures
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Op risk faces unique challenges in the Middle East
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US internal audit focus moving off Sox, says survey
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Auditors more involved in risk management
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Is SOX reform about to take off?
Peter Madigan investigates proposals for long-awaited changes to the Sarbanes-Oxley Act
Basel Committee publishes paper on bank compliance functions
The Basel Committee on Banking Supervision published a consultation paper yesterday outlining basic guidance for banks on the structure and operation of their compliance function, and "sets out banking supervisors' views on compliance in banking…
Practitioner analysis: Reaping the advantages of Basel II
David Stone of Zions Bancorporation describes how the US bank plans to underpin its enterprise-wide risk management by implementing the Basel II accord’s advanced approaches to measuring operational risk.
Do we need a broader definition of op risk?
A definition of op risk should embrace the linkages with market and credit risk, argues Ken Swenson.