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.
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
Operational risk in dangerous regions
Danger zones
Too much too soon?
Editor's letter
Draft Fatca regulations will include reciprocity, experts say
Industry experts say Fatca draft regulations are likely to include reciprocity elements
Insurance sector struggles with US regulators' lack of clarity on Fatca
Uneasy anticipation
The correlation of operational risk with economic scenarios
Marcelo Cruz highlights the problems that can arise when analysing the relationship between operational risk and macroeconomic factors
Regulations will scare off investment in banking sector, insurance industry warns
Banks might find a lack of investment from the insurance sector under current regulatory proposals
Tech firms prepare euro break-up contingencies
Break-up blues
July deadline in question for Volcker implementation
Industry experts divided over Volcker deadline of July 2012
Delayed Fatca regulations look set to ignore 'passthru' payments
Further uncertainty expected by the industry once delayed draft Fatca regulations are released
Operational risk lessons from safety-critical industries
Inspiration from above
Banks face heavy burden from sanctions in the Middle East
Sanctions side-effects
Supervision not regulation, says SEB's Hansen
Rather than rushing to increase regulation and potentially creating compliance costs and regulatory risks, authorities should be getting involved at the ground level to improve supervision, says Lars Hansen, Swedish insurer SEB Life’s chief risk officer
The challenges of Fatca implementation
Discussing the details of implementing and complying with the US Foreign Account Tax Compliance Act.
Chinese banks will avoid Fatca, observers warn
Banks in China will find ways to avoid complying with Fatca, according to industry experts and observers
Leaked EU data privacy laws cause conflict with Fatca
Industry experts warn stricter EU data privacy laws might have implications for Fatca
Dealing with Dodd-Frank: an operational response for non-US banks
Joining the dots
Cyber Security Strategy needs regulatory backing, expert says
UK government's Cyber Security Strategy release needs regulatory backing, according to one industry expert
Tough Middle East sanctions put AML under spotlight
Banks' anti-money-laundering processes will come under scrutiny in the face of tougher sanctions in the Middle East