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- Feed Preview Operational risk - Risk.net
Integrated GRC solutions 2024: market update and vendor landscape
In the face of persistent digitisation challenges and the attendant transformation in business practices, many firms have been struggling to maintain governance and business continuity
Vendor spotlight: Dixtior AML transaction monitoring solutions
The Chartis Research report, AML transaction monitoring solutions, considers how, by working together, financial institutions, vendors and regulators can create more effective anti-money launderi...
Financial crime and compliance50 2024
The detailed analysis for the Financial crime and compliance50 considers firms’ technological advances and strategic direction to provide a complete view of how market leaders are driving trans...
https://www.risk.net/risk-management/operational-risk/7959151/financial-crime-and-compliance50-2024
Automating regulatory compliance and reporting
Flaws in the regulation of the banking sector have been addressed initially by Basel III, implemented last year. Financial institutions can comply with capital and liquidity requirements in a nat...
Investment banks: the future of risk control
This Risk.net survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to devel...
https://www.risk.net/market-access/investing/7946431/investment-banks-the-future-of-risk-control
Op risk outlook 2022: the legal perspective
Christoph Kurth, partner of the global financial institutions leadership team at Baker McKenzie, discusses the key themes emerging from Risk.net’s Top 10 op risks 2022 survey and how financial ...
Emerging trends in op risk
Karen Man, partner and member of the global financial institutions leadership team at Baker McKenzie, discusses emerging op risks in the wake of the Covid‑19 pandemic, a rise in cyber attacks,...
https://www.risk.net/market-access/operational-risk/7936926/emerging-trends-in-op-risk
Moving targets: the new rules of conduct risk
How are capital markets firms adapting their approaches to monitoring and managing conduct risk following the Covid‑19 pandemic? In a Risk.net webinar in association with NICE Actimize, the pan...
Building resilience into ESG risk management
Risk and resilience continue to play an important role in the navigation of an increasingly uncertain world. Fusion Risk Management explores why it is equally crucial for technology to support or...
Operational resilience: charting evolution, strengthening impact
Arming a business in preparation for robust operational resilience measures is not a one-step solution – it continues to evolve. The key to strengthening defences against all events – espec...
Operational resilience – Driving excellence and effective measurement in financial services
This webinar explores how to build resilience across an organisation, discussing actions and measures companies are currently taking to become more agile, adaptable and able to future-proof their...
Unlocking the potential of a firm-wide and systematic approach to operational resilience
This webinar explores best practices in response to regulatory policy and supervisory guidance, offering practical approaches to achieve a mature and robust operational resilience programme
Heightened operational risks in a changing world
Christoph Kurth, partner and member of the global financial institutions leadership team at Baker McKenzie, discusses the growth of conduct and operational risks in the light of the pandemic, inc...
The importance of getting technology change right
Christoph Kurth, partner and member of the global financial institutions leadership team at Baker McKenzie, covers some of the rapid technological changes under way brought about by, and in the w...
Must do better – Apac slow to curb control risk
Asia Risk 25: Even as the level of regulatory scrutiny peaks, meaningful change eludes the region’s banks
Managing AML and fraud – A risky business needs a risk-based approach
Financial services organisations (FSOs) are expected to meet strict financial crime regulations regardless of their size, and those with smaller budgets and fewer resources are finding this incre...
Driving anti-money laundering efficiency gains using artificial intelligence
Anti-money laundering (AML) is expensive and labour-intensive, and artificial intelligence (AI) can offer improved efficiency gains. Could they be a match made in heaven? This Risk.net webinar, ...
Operational risk – Unleashing the power of AI to mitigate financial crime and manage conduct risk
Big data, data mining, machine learning and artificial intelligence have revolutionised how industry manages and mitigates risk. In light of the Covid-19 pandemic, what impact has this had on fin...
Managing and mitigating operational risk in the Libor transition
In this webinar, industry experts discuss how, in the lead-up to 2021, firms are preparing for the operational implications of the Libor transition? They explore how their firms are adapting to...
Covid-19 – Developing resiliency to ensure business continuity
Covid-19 has forced firms worldwide to question how they plan for, build and maintain resiliency to ensure business continuity. With operational and cyber risk departments now firmly concentratin...
Top 10 operational risks for 2020
Operational risk - Risk management
https://www.risk.net/risk-management/operational-risk/7501821/top-10-operational-risks-for-2020
Adapting to technological change in op risk management
Baker McKenzie‘s Jonathan Peddie explains how the role of operational risk manager has evolved in recent years, how financial firms are managing increasing demand for data privacy and transpare...
A growing focus on op risk
Operational risk and resilience have taken centre stage over the past year. While op risk concerns all systems and controls that deliver effective solutions against the risks financial services b...
https://www.risk.net/risk-management/operational-risk/7488541/a-growing-focus-on-op-risk
The future of operational risk management
As the efficiency of operational risk management remains a top priority and pressure to maximise value increases, emerging technology could prove crucial. Nitish Idnani, leader of oprisk manageme...
Converging advanced technologies in operational risk functions
Operational risk - Risk management
Smarter thinking around financial crime prevention
As the current approach to financial crime monitoring and investigation pushes financial firms’ resources to the limit, IBM assesses the key challenges and potential risks of current anti-money...
Sponsored video: Thomas Lee, Vivo Security
Thomas Lee, chief executive and co-founder of Vivo Security – a start-up firm based in Silicon Valley and sponsors at OpRisk North America – talks about how special the banking industry is...
Fed’s outgoing CCAR chief defends stress tests
Timothy Clark rebuffs US Treasury recommendations; supports more transparency
https://www.risk.net/risk-management/5335061/feds-outgoing-ccar-chief-defends-stress-tests
Seniority complex: buy side balks at costs of SMR extension
Expansion of scheme will bring 47,000 firms in scope; compliance and recruitment costs set to rise
Malaysian central bank called to act against 1MDB officials
Operational risk - Risk management
SMA: the story so far
Read Risk.net's coverage on the controversial move to the standardised measurement approach
https://www.risk.net/risk-management/operational-risk/4275491/sma-the-story-so-far
Credit Suisse seeks capital relief for resolution unit
Finma to rule on whether divesting businesses can reduce op risk RWAs
Sponsored video: Matt Pountain, Broadridge Financial Solutions
Matt Pountain, product lead and deputy general manager at Broadridge Financial Solutions, discusses what market requirements his firm has addressed this year and how it has innovated its post-tr...
Sponsored video: Collin Coleman, NEX Regulatory Reporting
Collin Coleman, head of NEX Regulatory Reporting, discusses the complications that arise from converging reporting regimes as well as how NEX Regulatory Reporting can offer advice to firms and sh...
Sponsored video: Eric Berdeaux, Oxial
Eric Berdeaux, chief executive officer of Oxial, shares his thoughts on the digital innovation in operational risk and compliance and what the biggest challenges Oxial clients are facing right no...
https://www.risk.net/risk-management/operational-risk/5304626/sponsored-video-eric-berdeaux-oxial
Sponsored video: Jodi Richard, US Bank
Jodi Richard, chief operational risk officer, discusses the bank being named Bank of the year in the 2017 Operational Risk Awards.
https://www.risk.net/risk-management/operational-risk/5301996/sponsored-video-jodi-richard-us-bank
‘Boiling the ocean’: GDPR data demands overwhelm banks
Repapering of existing contracts could stretch beyond May 2018, forcing dealers to rely on regulatory forbearance
https://www.risk.net/risk-management/5299086/boiling-the-ocean-gdpr-data-demands-overwhelm-banks
A proven technology and exceptional service
Head of NEX Regulatory Reporting Collin Coleman discusses the end-to-end regulatory reporting solution that addresses the needs of reporting parties across the regulatory regime and, in this year...
Op risk managers not sold on SMA alternative
Proposed forward-looking approach would permit internal modelling, but penalise banks if losses exceed estimates
Cognitive computing and data challenges: Q&A with IBM's Diane Reynolds
Operational risk - Risk management
Regulation and compliance: Q&A with IBM's Grace Brasington
Grace Brasington of IBM discusses solutions to key regulatory compliance issues
OpRisk Europe and North America wrap: cyber, 3LOD and the SMA
Future of op risk modelling a hot topic at conference, along with evolving three lines of defence framework
Patch management worries OCC
Regulator says banks have a good track record overall, but exams reveal weaknesses
https://www.risk.net/risk-management/operational-risk/5294131/patch-management-worries-occ
Better data key to cyber risk underwriting, say practitioners
Lack of loss data means predictions are a problem
Fed official: banks must recover from cyber attack in two hours
“If you’re waiting for us to give you regulation, then you’re behind the curve,” says NY Fed’s Ferlazzo
CCAR aids in op risk identification, banking experts say
Banks forced to consider link between risks and macroeconomic factors
Revised SMA could allow banks to ignore past op risk losses
Leaked proposals say loss component will be left to national regulators, threatening an unlevel playing field
Three lines of defence model still evolving, say practitioners
Clearer split in responsibilities between first and second lines needed, say op risk chiefs
Cyber insurance not a risk management tool, say banks
Lengthy payout mechanism of cyber policies makes it ineffectual against large losses, dealers argue
https://www.risk.net/risk-management/5290731/cyber-insurance-not-a-risk-management-tool-say-banks
Memo to bank CEOs: treat op risk with more respect
Op risk consultants Ariane Chapelle and Evan Sekeris argue recent criticisms from Jamie Dimon and Peter Sands of the op risk capital framework are fundamentally misguided
https://www.risk.net/comment/5267616/memo-to-bank-ceos-treat-op-risk-with-more-respect