Third-party risk management (TPRM) jumped from seventh in last year’s Top 10 Op Risks survey to the third top concern this year among regional banks – the result of a litany of failings at key service ...
As part of the three-year review of the FX Global Code, one of the changes will include an amendment to Principle 9, whereby platforms should disclose how they treat client-generated trade data that ...
Strategists at BlackRock say the idea of an anchor portfolio in asset allocation has become unhelpfully canonical – enshrined as if part of finance’s first principles, when it was never intended that ...
The European Union’s ‘Fit-for-55’ climate stress test showed that the financial system was broadly resilient to transition risk barring any shocks – but for 13 banks, the baseline scenario would ...
In outline, the CrowdStrike outage in July illustrates why IT disruption continues to be a major bugbear for op risk managers. It doesn’t require an evil mastermind, or a once-in-a-generation ...
A Swiss Parliament inquiry into Credit Suisse’s 2023 failure has criticised the “relaxation of capital requirements” granted by Finma, the country’s financial regulator. While judging that the ...