Banks
US energy firms lament liquidity 'void' after bank exits
The retreat of banks from commodities has caused liquidity to dry up, making it much tougher to hedge, say participants at Energy Risk Summit USA
Malaysia central bank: credit reporting could unite Asean markets
The Asean Economic Community faces a challenge of successfully integrating regional financial markets, Bank Negara's Muhammad bin Ibrahim says
EU risks have intensified, financial supervisors warn
Risks have worsened since mid-2014, European supervisory authorities say; report recommends including costs arising from misconduct sanctions in future stress tests
Q&A: Business veteran Nesbitt on sharing risk management burden
The new head of Canada's financial risk think-tank says successful risk management requires co-operation between the business and the risk function and, externally, with regulators, as well as close involvement by the upper echelon of bank managers
Global banks urged to demand transparency or close accounts
My way or the highway: global banks should use the threat of cutting local services to extract required information on end-users, say Citi and Commerzbank
Risk appetite: define, apply, control
The head of the Global Risk Institute in Financial Services (GRI) outlines a three-step approach to developing a risk appetite framework
Banks to be prohibited from hedge fund investments
Experts say proposed EU rules would hurt the ability of hedge funds to find financing in Europe
Aligning risk management framework with risk appetite
Building on a near-forgotten piece of research from the FSA on aligned risk management, our regular columnist Ariane Chapelle sets out metrics and tools to help firms operate within their pre-defined risk appetite
Q&A: TSB's risk chief on op risk, incentives and transparency
Neeta Atkar says making all employees aware of risk management from day one and speaking in plain English, as well as carefully designed compensation policies, help the bank manage operational risk
ECB adviser admits more clarity needed over stress tests
Banks should be given a clearer picture of why their stress test numbers don’t pass muster with the ECB, says Christoph Siebenbrunner of the Austrian Central Bank
Top Barclays executive sets out ways to assess risk culture
Banks should use a combination of metrics and judgement to evaluate their risk management, says a senior auditor at the UK bank
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
UK banks hope self-discipline will ease regulatory onslaught
Self-regulation is an idea that is fast taking hold in the banking industry. Measures under discussion include greater use of sanctions for breaching codes of conduct and making whistleblowing easier – but questions remain over their implementation
Financial trading worsened oil plunge – Risk.net poll
Most respondents to a recent Risk.net poll say paper trading had some impact on the recent decline in crude oil prices, but disagree about how much
Banks push back on CRS guidance and deadlines
Firms complain about unclear guidance, extra costs and logistical difficulties in the race to comply with global requirements to report on customers’ assets and incomes targeting tax evasion
IEA, IEF and Opec probe role of markets in oil crash
The impact of US shale oil, financial speculation and bank commodity exits was high on the agenda at a joint meeting held by the IEA, IEF and Opec in Vienna
US Treasury's cyber chief lays out cyber security blueprint
Julia Philipp recommends targeted defences, data sharing and response planning
Op risk analysis underrates human behaviour – Fed examiner
Next-generation operational risk should focus on behavioural dynamics in financial firms
Bank and investor exodus worsened oil rout, traders say
The role of financial trading in the recent collapse of crude oil has added a new twist to the old debate over the impact of speculation on commodity markets. Did retreating index investors, short-selling momentum traders and risk-averse banks exacerbate…
Op risk’s profile rising at banks, say risk managers
The business side is taking greater notice of operational risk and its value beyond preventing losses
NY Fed's new cyber taskforce dismissed as “distraction”
RBS risk veteran slams regulator’s focus on cyber threats as ignoring risks arising from banking activities
'No plans' for further guidance on third-party risk – OCC
Banks will have to figure out what constitutes 'critical activities' for themselves
Big data gives SEC new ways to spot misconduct – Bauguess
The deputy director of the SEC’s Division of Economic and Risk Analysis details the commission’s use of innovative data tools
More than words: why bank culture matters
Research on corruption and psychology points to the resilience of cultural norms in the face of legal enforcement