 | Editor's Letter - What a year: Editor Carrie Cook takes stock of the past 12 months, including those unexpected political developments. News: Analysis of the major risk-related news stories of the past few weeks, including more problems for Wells Fargo, the Italian banking crisis and systems outages at major banks. If You Ask Me : Annie Searle: Our stateside columnist Annie Searle reflects on recent political events, what they mean for the regulatory and risk management landscape – and for life as we know it. Spotlight - Behavioural economics in a post-truth world: Cathy Hampson, author of An Introduction to Behavioural Risk, applies the theory of behavioural economics to a world where telling the truth is no longer a deal breaker. Regulatory Update: An update on the latest regulatory developments including anti-money laundering proposals from BCBS and a warning from the Central Bank of Ireland on risk management deficiencies. Case Study - Wells Fargo: a closer look: In this operational risk case study, Manoj Kulwal from RiskSpotlight dissects the Wells Fargo sales fraud scandal and extracts some useful lessons for risk managers. Leaving a legacy: Carrie Cook takes a look at the complex issue of legacy systems in banks and why leaving outdated technology behind is harder than it sounds. Sharing Scenarios - New system implementation project failure: We explore a risk which many firms are likely to face in the near future as they replace legacy technology with newer emergent technology. Risk Classifications - Employee violation of duties owed to company: RiskBusiness’ Mike Finlay explores a risk category which is of particular concern given increased regulatory scrutiny on firms, their governance and the actions of employees, officers and directors. Dear CEO: Every month, an anonymous senior executive of a financial services firm writes a letter to the CEO about concerns they have always wanted to raise. |
