Moody’s has reported that most large European banks are more focused on operational risk issues, but said that some banks were more advanced than others in addressing the qualitative and quantitative challenges of operational risk management. In its report on ‘Emerging Best Practices for Operational Risk Management at European Banks’, the ratings agency noted that there had been some degree of convergence on a number of issues relating to quantification and on the importance of qualitative tools for controlling operational risk. It added that there had been a recognition of the need to focus on infrequent but potentially severe risk events. The rating agency observed a number of instances in which qualitative tools such as risk control self-assessment have proven to be extremely useful in enhancing the overall efficiency of the institution, as well as increasing control effectiveness. But Moody’s added that the flawed design or implementation of qualitative tools can lead to material management problems.
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.