 | Editor's Letter - Banksters, models and jacks of all trades: The financial services industry is sick, almost in intensive care – what is the cure and can our industry ever recover? News: Further tales of trader misconduct, fines, new approaches to cyber threats, more on tax evasion and further regulatory investigations. Of Banksters, Their Molls and the Loot: Who are the winners and who are the ultimate losers in the Russian roulette of modern day banking? Spotlight - A Jack of All Trades or a Master of none?: The Institute of Operational Risk’s Simon Ashby takes a look at the need for a formal professional operational risk management qualification. How To... Design an AMA Model: EVMTech draws upon its knowledge and experience to share key issues and concerns relating to designing and implementing capital models. Crisis? What Crisis?: Proactively establishing a crisis management function is not just prudent, but an essential component of enlightened risk management, according to Peter Power. Sharing Scenarios - Inappropriate gifts, contributions or bribery for business ends: This month’s scenario takes a look at what appears to be an ever-increasing issue across all industries, namely the payment of bribes and incentives to achieve business ends. 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 - End-User developed Application Errors – Model Error: RiskBusiness’ Mike Finlay takes a look at the risk categorisation element of end-user developed model errors. Classified: Find all your job advertisements here alongside information on upcoming industry events and The Risk Universe monthly comic. |
