Operational risk
Firms seek to improve use of key risk indicators
KRIs are useful tools, say risk managers, but can also be a source of frustration
Top five losses: Julius Baer fined by DoJ, HSBC settles in US
Latest data on op risk losses from SAS (to February 29, 2016)
Basel op risk plans 'not fit for purpose', say banks
SMA expected to raise capital charges, but lower standards in risk management
CCPs face pressure to deal with cyber security threats
Regulators and clearing members urge central counterparties to do more to guard against attacks
Operational Risk Awards 2016 open for entries
Practitioners, vendors and service providers invited to enter to win an Operational Risk Award
Banks grapple with ‘unprecedented’ vendor risk rules
Firms cutting numbers of vendors and hiring more staff to oversee third-party relationships
Banks take various approaches to tackling conduct risk
Definitions, reporting lines, frameworks and metrics vary among major banks, Risk.net research shows
Conduct risk: a useful way to carve through chaos?
Conduct risk is a hazy idea, whose success will depend on its effectiveness in managing risk
People: Venkatakrishnan named as Barclays CRO
Bailey gets job as FCA chief; Poppensieker returns to McKinsey; Pershing says hello Dolly
Banks collaborate on non-financial risk taxonomy
Operational risk practitioners from large banks working together on industry best practice
Top five losses: JP Morgan settles, internal fraud costs credit union
Latest data on op risk losses from SAS (to January 31, 2016)
All you need to know about op risk in four letters
Processes, people, systems and external events are fundamental to operational risk management, says Ariane Chapelle
CRO says NY Fed faces same op risks as commercial banks
“The predominant risks the bank faces have shifted since the end of the financial crisis,” says Rosenberg
'We are all at risk' from cyber, conference told
Worry of financial firms shown by increasing demand for cyber liability insurance
UK banks take lead in tackling conduct risk
Bank actions show how emphasis on culture and conduct has risen globally since 2011
Top 10 Operational Risks for 2016
Risk.net presents the Top 10 Operational Risks of 2016, as chosen by risk practitioners
Nasdaq appoints Adena Friedman as chief operating officer, and other recent job news
Other news: Oric International; Investors Bank; Deutsche Bank; Aldermore; Ally Financial; Systemic Risk Council
Top five losses: JP Morgan fined for mis-advising, London Whale
Latest data on op risk losses from SAS (to December 31, 2015)
Banks left little time to amend ‘bad apples’ rules before SMR
Personal accountability rules will also see rise in internal attestations and impact on recruitment
Conduct risk: Best practices and implementation across the enterprise
Content provided by IBM
Personal accountability will be focus in 2016, US ACI head says
Regulators likely to target senior management suspected of neglect
A risk-based performance pipe dream?
Content provided by IBM
The client onboarding challenge: Getting to grips with 2016’s AML and KYC compliance risks
Sponsored webinar: Thomson Reuters
Diversification benefit of operational risk
Torresetti and Le Pera explore the relevance of the diversification benefit from a theoretical and practical viewpoint