 | Editor's Letter - Erosion of Trust: Is it surprising, given the ongoing revelations of firms mis-behaviour that financial services are not trusted? What does the industry need to do to change? News: Market manipulation in various forms, misselling, regulatory investigations and regulation changes continue to dominate the news, with more fines and more cybercrime. Opinion: Columnist Howard Stein takes a look at modelling operational risk exposure and why, in his opinion, regulators and firms have got it wrong. Spotlight - Trust in financial services: The Edelman Trust Barometer puts financial services on a par with the media as the least trusted industry sectors. How To... Establish a Models Register: In certain jurisdictions, it is a prerequisite that firms have an inventory of their models, but it also makes sound business sense to build a models register. New Approach on Risk Analysis Required for Improved Rail Safety: Operational risk is not restricted to the financial services industry. RiskLogik’s Nick Martyn explores rail safety. Sharing Scenarios - Mis-selling insurance linked to banking products: This month’s scenario takes a look at mis-selling (and “bundling”) insurance products with banking products, such as the case with PPI. 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. Risk Classifications - Customer or client property lost or damaged: RiskBusiness’ Mike Finlay takes a look at the erroneous damage to or loss of customer property entrusted to the firm for safe keeping. Classified: Find all your job advertisements here alongside information on upcoming industry events and The Risk Universe monthly comic. |
