Operational risk
WHAT IS THIS? Operational risks are those arising from people, processes and systems – the biggest form of exposure for many industries, but one that was neglected by financial firms until the collapse of Barings Bank in 1995. It was added to the Basel capital framework in 2004, but attempts to model operational risk were dealt a heavy blow by the huge, unforeseen losses suffered by banks in the aftermath of the financial crisis.
Sponsored survey analysis: Ordnance Survey
Future risks for 2013 – What does the risk landscape look like?
Oprisk Software Profiles 2012/2013
Oprisk Software Profiles 2012/2013
Top 10 op risks: failure to enforce internal controls
Top 10 op risks: Failure to enforce internal controls
HSBC fine ‘warning shot’ to industry, experts say
HSBC's $1.9 billion fine a sign that regulators have 'real bite'
Operational risk loss data – November 2012
Operational risk loss data – November 2012
Special report: Financial crime
Special report: Financial crime
Special report: Fatca
Special report: Fatca
FFIs still ditching US clients in light of Fatca
Shutting up shop
Sanctioned jurisdictions struggling with Fatca
Barriers to entry
Fatca delay adds to complications
Delays expected
Risk technology rankings 2012
Breaking the banks?
CRD IV at risk of non-compliance because of national exemptions, MEP warns
MEP Kay Swinburne warns that CRD IV is becoming too diluted by national exemptions
Operational risk loss data – October 2012
Operational risk loss data – October 2012
Schapiro resignation not linked to lawsuit, SEC says
SEC chair Mary Schapiro steps down a week after former inspector-general files $20 million lawsuit against the agency
UBS fined £29.7 million for controls failures resulting in Adoboli losses
The UK FSA fines UBS for failures in systems and controls leading up to Adoboli's $2.3 billion losses
US and China could play ‘fiscal chicken’ under Fatca, expert warns
China's absence from IGA negotiations could mean a standoff once withholding starts
Judge tells jurors to be cautious about senior trader’s evidence in Adoboli trial
Jurors are warned by judge to be cautious about John Hughes's evidence on the final day of UBS trial
Jurors told to focus on the facts and not jargon in Adoboli trial
Judge continues summing up in UBS rogue-trading trial
Adoboli did not try to hide rogue trades, defence tells court in closing
Defence delivers closing statement in Adoboli trial
Fatca delay caused by IGAs, expert says
Another delay in Fatca timelines is as a direct result of IGAs, one expert warns