Governance
Central counterparty resolution: an unresolved problem
This paper describes the current policy for recovery and resolution of CCPs and assesses the tool kit for resolution of them.
Banks wrestle with conduct risk capital add-ons
Conduct risk-related additions to Pillar 2 capital raise questions over scope of UK’s Senior Managers Regime
Customisation and risk mitigation strategies are the trends to watch in 2018
With the swing towards customisation expected to gather momentum in 2018, flexiblity and responsiveness to clients’ needs are increasingly important. Deutsche Bank is well positioned to assist its clients, improving their agility and flexibility with the…
Fed’s outgoing CCAR chief defends stress tests
Timothy Clark rebuffs US Treasury recommendations; supports more transparency
CCAR feedback prompts banks to improve governance
Dual reviews of stress testing models and scenarios becoming the norm
Rethinking risk management in the age of cognitive computing
Content provided by IBM
RBC loses senior op risk managers in wave of cuts
Senior group op risk director and US head of controls and governance among 450 to depart bank
EU regulators prepare to close Brexit loopholes
Isda AGM: new guidelines aim to prevent EU brass plates with large London operations
Power struggle: EU battles for supervisory convergence
European Commission’s review of the three supervisory authorities fraught with difficulties
Changing times mean a tougher job for op risk managers
Wave of organisational change at major banks heightens operational risk exposure
Banks brace for qualitative objections from CCAR
Fed stress tests tilt towards data, governance, internal controls and modelling techniques
Banks seek to make op risk taxonomies less taxing
Difficulty of devising and implementing taxonomies leads major banks to start sharing ideas
“Incomplete demutualization” and financial market infrastructure: central counterparty ownership and governance after the crisis of 2008–9
This paper examines risk management governance challenges of the demutualized CCP ownership model and the incentives faced by “incomplete demutualization”, where clearing members remain the ultimate underwriters of CCP default risk.
Skin in the game: central counterparty risk controls and incentives
The authors discuss the incentives created by the structure of CCPs’ default waterfalls, drawing out the role of transparency and governance in ensuring effective incentives.
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
Banks collaborate on non-financial risk taxonomy
Operational risk practitioners from large banks working together on industry best practice
Mitigating IT risk at the enterprise level with actionable governance
Content provided by IBM
Best operational risk product: Wolters Kluwer OneSumX
Firms look to planning suites to get ahead of regulatory expectations
The Clearing House takes aim at CCP risk governance
Banks call for audit trails and beefed-up role for risk committees
Outsourcing risk: a separate operational risk category?
This paper identifies three steps in sourcing risk.
Success of cultural change rests with local managers – research
Employee perceptions are key to assessing risk culture at large banks
Do insurers need a CIO?
Role left off UK controlled function list but too important to overlook
BlueCrest: fixed-income market structure faces uncertain future
COO in interview cites equity-like evolution and regulation squeezing liquidity
Op risk analysis underrates human behaviour – Fed examiner
Risk managers urged to focus on group dynamics