Tag: operational risk management
When Operational Risk becomes a way of life
In a timely reminder that we can never become complacent about the consequences of operational risk the UK’s Serious Fraud Office has announced that two brokers have been charged with conspiracy to defraud in connection with the rigging of LIBOR rates. The LIBOR story which has already seen some banks face hefty fines is a […]
Shining the spotlight on Corporate Governance
IFSB (the Islamic Financial Services Board) and INCEIF (The Global University of Islamic Finance) have just announced the confirmed speakers for their second Executive Forum on Islamic Finance. Entitled “Towards Strengthening Corporate and Sharī`ah Governance in Islamic Banks” the forum is being held in Kuala Lumpur, Malaysia on 26-27 August. Speakers for the event include […]
EU policy makers are closer to agree on securities settlement rules
European policy makers are increasingly confident that regulations for Europe’s €800tn securities settlement market will be finalised and passed into law by the end of the year. The new rules governing region’s central securities depositories aim at creating better competition between national entities and cut cross-border settlement costs. The ECB is planning to make operational the Target2Securities (T2S), […]
The key steps in clearing and settlement of the securities trade
By Stanley Epstein We have all been concerned these past few years about the ongoing financial crisis which erupted so suddenly and devastatingly in the middle of 2008. Much concern has been expressed regarding maintaining financial stability. One of the many ways of doing this is by strengthening the financial infrastructure, both at a domestic […]
Why Managing Operational Risk is so important?
By Stanley Epstein One of the most misunderstood terms, especially when one relates it to banking, is that little word “risk”. Banks, like any other firms or even individuals are exposed to many different forms of risk. This short article will explain what risk is and some of the different types of risk that banks […]
Need for higher spending on risk management and compliance in the financial sector
According to the latest study conducted by Kinetic Partners and published on Private Equity Wire, nearly one third of financial service CEOs think that senior management should be spending more on risk management and compliance. When it comes to CROs this number increases to 43%. The delegates attending our courses seem to be sharing this opinion. […]