Santander
Fraud makes up bulk of UK bank op risk loss events
Internal and external fraud on average equalled 64% of all op risk events in 2017 across four large dealers
Regulators zeroing in on non-financial risk, say banks
OpRisk Europe: Several big financial firms said to be considering appointing heads of non-financial risk
The special one: a eurozone G-Sib waiver for BNP Paribas
Experts say French bank’s G-Sib buffer could fall to 1%, saving €3 billion in regulatory capital
US CVA charges over seven times higher than EU
Huge disparity appears to result from EU exemption for corporate trades
Italian banks hardest hit by IFRS 9 transition
Risk Quantum analysis of 36 banks from 11 European Union countries found that capital declined on average by 34bp between December 31, 2017, and March 31, 2018
Barclays and HSBC impairment provisions soar
Barclays’ provisions increase 54%; HSBC’s by 29%
Santander reaps capital benefit with close of toxic asset sale
The bank aims to have CET1 above 11% by end-2018
Banco Popular bondholders turn US spotlight on Santander
Discovery application could shift compensation focus to the buyer instead of the SRB
Deloitte valuation boosts legal hopes of Popular bondholders
Experts point to quick and unreliable valuation, and lack of independence on liquidity assessment
No safety net: EU urged to accelerate bail-in buffers
Without MREL or TLAC, governments are at the mercy of private buyers for failed banks
US Treasury stance on CCAR a return to ‘bad old days’
Overhaul would kill test failed by eight banks in past three years
People moves: EBS makes switches in electronic forex
Citadel hires SEC director as general counsel; MUFG’s new leveraged finance head; Nomura changes India chief; and more
Mortgage and auto loan securitisations inflict op risk losses
Megan van Ooyen from SAS rounds up the top five operational risk losses for March 2017
Swaps play hidden role in UK banks’ ring-fencing plans
UK dealers avoid mass transfers of derivatives
R3 banks disagree over DLT implementation
Blockchain consortium confident it can raise $150 million by next summer
Banks say multiple-point-of-entry firms gain TLAC advantage
No equivalent cap on aggregate buffer for G-Sibs that face resolution as single group
StanChart undergoes shake-up in forex, rates and credit
Gulabani leaves Standard Chartered; Bagguley promoted at Barclays; Santander hires new forex head; and more
Op risk experts question banks' cyber strategy
Cyber attacks are associated in the public imagination with high-tech data breaches and denial of service attacks, perpetrated by organised rings utilising sophisticated techniques. The reality of cyber risk is much more mundane, though no less serious
Santander op risk head aims to "get off bottom rung" after CCAR fail
Santander's US chief operational risk officer tells Op Risk Europe that failing the Federal Reserve stress tests is embarrassing, but preparation is difficult when "best practice" changes every year. Aon risk head says the sharing of qualitative data…
Risk España Rankings 2015
Economic recovery in Spain offers banks fertile opportunities for growth, especially in equity and currency derivatives. Credit instruments are also undergoing a renaissance as investors rediscover their appetite for corporate risk
What if operational risk asked more 'what if' questions?
Supervisors would do well to look beyond macroeconomic shocks when assessing banks' defences against operational risks, according to risk experts. Likewise, banks must evaluate how they would hold up in a wide range of stressed operational risk scenarios
Risk solutions house of the year: Societe Generale
From financing and inflation to emerging market currencies and swap unwinds, SG CIB's cross-asset solutions team showed off a huge range of skills last year
Santander's Steve Bhatti on managing op risk at a diverse bank
Steve Bhatti, chief operational risk officer at Santander North America, certainly has his hands full. From 700 retail branches to private banking to the money transfer business, he has plenty to oversee. He talks to OpRisk about dealing with different…