Legal risk
Risk USA: JP Morgan settlement could scare off white knights
Future crises will be tougher to resolve if legal risks stop strong banks acquiring wounded competitors, warns CRO for RBS Americas
Cat bond ‘lite’ structures raise contamination risk and insolvency fears
Investors and lawyers voice concerns about using segregated accounts structure to issue streamlined cat bond instruments
Accountability for a data breach
The blame game
Defence against IP theft in financial services
The last few years have seen several high profile criminal and civil cases over the theft of intellectual property from financial institutions. Legal battles, however, are extremely complex and expensive, so firms need to ensure they have adequate…
Huge settlements overwhelm op risk models
Capital punishment
Legally blind: Huge settlements overwhelm op risk models
Legally blind
Risks and opportunities of social media
The rapid growth of social media over the past decade has left regulators and financial institutions lagging behind as they attempt to deal with the risks it poses. While the industry has made progress in dealing with potential risks, industry experts…
FSA should develop social media guidance, legal expert warns
US FFIEC, meanwhile, releases proposed guidance on social media
Managing operational risk in African nations
The African way
OpRisk Europe: Biggest operational risk posed by people, survey finds
Respondents to a survey at the OpRisk Europe conference overwhelmingly point to people as the biggest operational risk
White paper: Customer success story – Financial services
A global financial services giant finds that the Black Duck Suite enables it to realise the compelling economics of open-source software while solving the significant management, compliance and security challenges that weighed down productivity and…
New Prime Finance panel could tackle debt crisis disputes
An arbitration panel set up to tackle derivatives disputes could also tackle eurozone debt crisis issues, says Jeffrey Golden, architect of the Isda master agreement
CFTC and SEC facing legal anxiety over cost-benefit analyses
Cost-benefit paralysis
Deutsche-Ille ruling changes sales practices for German dealers
Accentuate the negative
Inclusion of legal losses in op risk databases has banks fretting
Banks worry Basel rules requiring legal events to be included in operational risk databases earlier might mean the information is used against them in legal proceedings
Former BA trustees vow court battle over move to CPI
The former trustees of the BA Airways Pension Scheme have vowed to take the scheme to court over its controversial move to stop paying pensions in line with RPI inflation
OpRisk Europe: Implementation is key
Changing the rules
OpRisk Europe: Incorporating legal risk "not a done deal" at Deutsche
Rob Nagra of Deutsche Bank tells of the tough journey Deutsche have had to get legal risk recognised as operational risk, while another international bank has found it easy
Credit ratings: the legal perspective
Securitisation lawyer Jonathan Walsh explains what regulatory and legal changes will mean for the rating agencies
CDO ratings arbitrage “reasonable and justifiable”, UK court finds
CDO ratings arbitrage ‘reasonable and justifiable’, finds UK court