Libor
Hedge funds ‘biding their time’ to file Euribor suits
Large US fixed-income funds moot rate-rigging legal action
Barristers' boycott could threaten Libor cases
Cuts to legal aid fees will hamper complex fraud trials
SEC slammed by own commissioner for RBS Libor step-down
Big banks 'too big to bar', says commissioner Kara Stein
CFTC upping enforcement effort, warns former chief
Dodd-Frank Act to boost CFTC war on market abuse, says Meister
Costs of forex manipulation could be worse than Libor
Total bill from penalties and lawsuits could reach “tens of billions,” some estimate
Six down, many more to go in Libor rigging investigation
Three more bankers charged by SFO with conspiracy to defraud
CDS trades litigation possible for funds
As well as Libor proceedings, funds should pay attention to EC investigations into credit default swaps and identify trades suitable for litigation, says Sue Millar of UK law firm Stephenson Harwood
Reputation damage and modelling reputation risk
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AMA, RCSAs and dealing with Libor at Rabobank
Dutch bank Rabobank has shaken off its Libor label pretty quickly, leaving it to focus on its co-operative roots, the AMA and its RCSA roll-out. Anne Snel-Simmons, head of operational risk management at Rabobank, talks to OpRisk about the challenges of…
EC fines banks €1.7bn over benchmark rigging
Eight banks fined for participating in illegal cartels; UBS avoids €2.5 billion fine in exchange for co-operation
Accountability crucial for internal governance
Pickpockets or cyclists?
Control weaknesses continue to plague banks
The primary concerns for operational risk managers in 2014 include data theft, index rigging and reputational risk, but many have one thing in common – weak internal controls
Top 10 operational risks for 2014
Internal failures will prove as dangerous as external threats for the financial industry in 2014
Top 10 op risks: index rigging
The first in our series of top 10 op risks for 2014 looks at index rigging. The Libor-rigging scandal continues to grow, and other indexes may have been involved too
Rabobank fined $1 billion for Libor failings
Dutch bank the latest to pay for benchmark manipulation
SFO investigating 22 individuals over Libor, court hears
Ex-trader Tom Hayes allegedly conspired with 22 others
Libor set to remain as benchmark rate for OTC derivative contracts
Legacy issues and the lack of alternative benchmarks mean Libor will remain the default benchmark of choice for OTC transactions
Icap fined $87.4m for Libor manipulation as brokers charged
CFTC and FCA impose fines of $65 million and £14 million
Liquidity & Funding Risk 2013: Don't rely on forward guidance, say ALM chiefs
Forward guidance alone is of little use from a liquidity planning point of view, conference hears
US judge confirms $100m Libor fine for UBS
US court fines bank's Japanese unit after December guilty plea
CFTC appoints director of market oversight division
Vincent McGonagle to replace acting director Richard Shilts
Rates volatility buoys hopes for currency forwards desks
Going forwards (checking backwards)