Operational Risk
480 white papers and resources
Below you will find a collection of operational risk white papers by industry leading experts. This information resource looks at key industry issues and practices, which can be used to aid in the decision-making process and help maintain a competitive advantage. Operational risk is the type risk that a company is exposed to from the execution of business functions. It is a wide concept that has rapidly evolved over the years. It includes risk that arises from the break downs of internal procedures, systems and people, plus external events. Fraud risks, legal risks, physical risk and environmental risks also are encompassed in operational risk.
UBS and rogue-trading: an insight into prevailing regulation
UBS was recently fined £29.7m as a consequence of the much-publicised rogue-trading activities of Kweku Adoboli. Macfarlanes provides a summary and outlines why the UBS Final Notice emphasises the importance placed by the FSA on an institution's first line of defence.
US announces more than 50 countries now engaged in FATCA discussions
The US Treasury Department has announced that it is engaging in discussion with more than 50 countries to develop an intergovernmental approach to the implementation of the Foreign Account Tax Compliance Act. DLA Piper outlines the background to this development and details the countries involved.
Inside the US Government's highly-anticipated Foreign Corrupt Practices Act guidance
On 14 November 2012, a new resource guide to the US Foreign Corrupt Practices Act was issued by the Department of Justice and the Securities and Exchange Commission. Baker & McKenzie provides a synopsis of the most important provisions of this 120 page document.
Setting the Stage: FATCA Compliance
The Foreign Account Tax Compliance Act stands to transform the global tax framework and how financial institutions track and report on their clients’ financial assets. With the law slated to come into effect in 2013, its implications and how financial institutions need to prepare is considered.
Who is compromising your security?
The longer it takes to find a breach, the longer an attacker has to exploit an opening. Even when you find a red flag, can you identify where it’s coming from, or who is compromising your security? And can you do so quickly enough to identify problems that are happening in real time?
Advanced persistent threats: are your current defences up to the job?
Network defences such as intrusion detection/prevention systems, firewalls, and antivirus are critical first lines of defence. These tried and trusted security solutions fail to defend against advanced persistent threats, internal attacks, or zero-day threats. Read on to find out more.
A model approach – Examining operational risk capital modelling
In the operational risk sector, the Basel Committee has been encouraging the adoption of the advanced measurement approach (AMA) for calculating operational risk capital requirements, but uptake has been slow and sparse. Operational Risk & Regulation convened a webinar, sponsored by OpenPages, to…
Identify and prevent rogue trading
Detica NetReveal’s head of investment banking solutions, Laura Houston, explains how the new networked operational risk model can help to reveal fraud.
Reducing fraud in the information age
Technological advances, volatile markets and a continuing economic crisis make for fertile soil for fraud. Whether driven by need or greed, fraudsters keep the world’s financial institutions under constant pressure. It is no longer enough just to investigate fraud after it happens, companies need…
Embracing change in the public sector – the implications for data security
This paper examines the potential impact of recent proposed changes in the public sector on IT security risks. All public sector IT departments must be extra vigilant in these times to ensure that organisational change & modifications to working practices do not increase vulnerability to data…