Moody’s has issued its first Operational Risk Assessment (ORA) reports for several European banking groups. The report found that the banking industry is taking steps to address the challenges of assessing and managing operational risk, spurred primarily by the provisions of the ‘First Pillar’ of the forthcoming Basel 2 Accord. Moody’s noted that this is still an evolving discipline within the broader risk management area, compared to market risk and credit risk. ‘Debates about the merits and shortfalls of various methodologies continue across the banking industry and the bank regulatory community’, said Brendon Young, Operational Risk Specialist, who co-authored the ORA reports. The rating agency reiterated its belief that any reliance on quantitative data has to be seen as an integrated first step in a more comprehensive qualitative process of assessing and managing operational risk.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more