Tag: risk management
By Manoj Kulwal, Eureka Financial Faculty An organisation may have several business units and the activities of each unit may be unique e.g. a bank may have a retail banking and commercial banking business units. Each business unit will be exposed to a set of risks that may influence its ability to achieve its objectives. […]
Operational Risk recognised as the most important risk by financial institutions
By: MartketWatch.com Chartis nominated SAS OpRisk system as the leader in the market for Operational Risk Management. Payman Mestchian, Managing Partner at Chartis says that their research suggests that “operational risk is now recognized as the most important risk by financial institutions. Also the scope of coverage for operational risk management processes and systems is […]
Main Trends in Collateral Management
By: Securities Lending Times According to the new survey conducted by Sapient Global Markets in March, evolution towards the front office has been identified as one of the main trends for efficient collateral management across global market participants. The research also identifies the efficiency gains required to deliver increased automation and the support systems needed […]
ERM – Lessons learnt since the financial crisis and where practices are still lagging
Lessons learnt after the crisis With signs that the global financial crisis is on the wane; five years after the fall of Lehman Brothers analysts are asking what lessons, if any, have been learnt along the way. To this end Treasury & Risk put a series of questions to US actuary and financial risk management […]
Tougher measures on capital requirements proposed by the regulators
By: FT.com Global regulators on Thursday proposed new measures to toughen up the regime that governs capital requirements for banks’ trading books. The Basel Committee on Banking Supervision issued a consultation paper proposing that banks use a standardised approach to determine how much capital they need to hold to cover trading book risks, as a backstop […]
10 Questions each Risk Manager should ask himself
By Stanley Epstein The whole aspect of Risk Management has taken on a much higher profile over the past few years, driven by many new factors. In the financial industry the crisis that so unpleasantly arrived on our doorstep in 2008 has been a major catalyst while other recent events such as 9/11, the recent […]
The Libor effect on derivatives
The UK Court of Appeal is this week hearing two cases in an attempt to determine whether the Libor rate rigging scandal can be considered to be sufficient grounds for invalidating derivatives contracts. In the first of the cases Barclays attempts to overturn a previous judgement which would see it having to defend in court […]
Banking Reform Bill Amendment on Payments and Securities Settlements
On 8th October the Financial Services (Banking Reform) Bill heads to the House of Lords for further consideration by their Lordships. Having listened to numerous opinions the Government has tabled more than 80 amendments which it proposes to add to The Bill. One such amendment relates to payments and securities settlements. This amendment, set out […]
Technologies required to improve (ORM) Operational Risk Management
Thompson Reuters published an interesting report available on Risklibrary.net discussing the specific technologies required for firms to improve their ORM processes, including ORM platforms, policy and procedure management, regulatory change management, and real-time risk intelligence. Defining ORM scope Operational risk is defined as “the risk of loss resulting from inadequate or failed internal processes, people and […]
JPMorgan agreed to pay $920M to Settle London Whale Probes
By Bloomberg.com JP Morgan agreed to pay $920 million in penalties and admitted violating securities laws last year as top managers withheld information from the board. Senior executives had evidence by late April 2012 that traders in the chief investment office in London were pricing a derivatives portfolio in a way that reduced reported losses, […]