|Rebranding Operational Risk?: Rebranding is rarely a success nor does it usually improve the thing it is rebranding. Operational Risk has been replaced by Conduct Risk and it is the role of the FCA to mitigate this.|
News: Four banks fail US stress test; Retail Conduct Risk Outlook shows future focus; Double blow for Goldmans; Banks brace for another scandal; RBS hands back parts of ABN Amro; CFTC acts to secure client funds; Charades-playing banker fined for improper conduct; Banking banana skins; ETF settlement fails under SEC investigation
Inherently Flawed from the Bottom Up: Bottom up risk assessments chew up time and resources for little benefit, says Jonathan Howitt, better to focus on the top down perspective.
Opening the Door on Hedge Fund Infrastructure: Shaken by recent events such as Madoff and the broader financial crisis, investors are demanding hedge funds demonstrate greater and more robust operational infrastructure.
Giving the Right Advice: The scenario this month involves the provision of inadequate, incorrect or inappropriate advice by the firm or a member of staff to customers and clients.
Dear CEO: Every month an anonymous chief risk officer of a financial services firm writes a letter to his CEO detailing some of the issues he has always wanted to raise.
On Your Marks...: Businesses have been advised to arm themselves with robust inbound voice continuity plans ahead of London 2012. Andrew Bale, CEO of Resilient Networks investigates.
A Question of Conduct: Regulators are focused on improving the conduct of financial services firms and as such, managing 'conduct risk' needs to be priority. Ellen Davis reports.
How To... Incorporate BEFs into Pillar 1 Calculations: Mike Finlay, CEO of RiskBusiness International Limited sets out an easy to follow, step-by-step guide to incorporating business environment factors into your Pillar 1 calculations for operational risk.
Debt Recovery Practices: RiskBusiness' Mike Finlay explores impermissible debt collection practices - a risk category which is repeatedly in the news, particularly in the US in the area of mortgage foreclosures.
Classified: Find all your job advertisements here alongside information on upcoming industry events and The Risk Universe monthly comic.