Libor trial: Libor fixed with £336,000 in bribes – prosecution
Former UBS and Citigroup trader Tom Hayes promised to pay hundreds of thousands to brokers through ‘wash trades’ in exchange for help shifting Libor rates
A simple, transparent and rational weighting approach to combining different operational risk data sources
Annual collateral management survey now open
Take part in BNY Mellon/Insurance Risk study on impact of central clearing for insurers
How banks handle and model emerging operational risks
Spreading the net wide enough to catch as many data sources as possible is key to tackling emerging risks, as is setting up a structure to handle the associated modelling and management problems
Regulatory changes put spotlight on UK auditors
The 2008 financial crisis was in part a failure of audit – and UK authorities are pushing to bring auditors to heel this year. But the reforms happening at national and EU level may not go far enough
Risk aggregation remains challenging in Asia
Growing complexity reinforces importance of risk aggregation – but obstacles in Asia remain
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