Moody’s said that the Basel Committee’s agreement to no longer mandate a floor capital requirement on operational risk for those banks that will adopt the Advanced Measurement Approach (AMA) will most likely stimulate further advances in banks’ operational risk measurement and management. Moody’s noted that a floor capital requirement would have limited to some extent the incentives for banks to develop a more sophisticated approach to operational risk measurement and management. As things stand now, several major global banks, which have made more significant advances in operational risk management, should find an additional incentive to develop further their risk-management approach. At the same time, Moody’s added that, in all likelihood, more banks (but clearly not a majority) may consider in the future adopting AMA for operational risk management, therefore trying to take advantage of the reduced capital charge. In this developing context, operational risk management is going to represent an increasingly central element in banks’ overall risk management practices.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.