21:07 BST 14 May 2008
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Daily news headlines
Fed expert to speak at OpRisk Asia
BIS releases FX systemic risk report
Industry releases draft principles for structured products
GRC is key to post-crunch compliance, says Deloitte report
Web malware spreads 35%, says security survey

Latest issue highlights

Banking on compliance
Andrew Procter, global head of compliance at Deutsche Bank, speaks about the challenges facing both firms and the FSA during the current market turmoil.
More on Management...
Crackdown! on market abuse
The world’s regulators are focusing on insider trading, market manipulation, and other forms of market abuse. Will new legislation be the result?
More on Regulatory News...
Letter from the editor
Op risk software rankings
Derivatives processing
Interview—Marcelo Cruz
Risk convergence survey
Preparing for climate change
OpRisk Europe 2008 speakersJune 2-4
OpRisk Asia 2008
The third annual Oprisk Asia is the must-attend congress for all operational risk practitioners in Asia!Executives attending this prestigious event can expect to learn about best practices, hear from top regulators, and network with a wide cross-section of their peers from across the Asia-Pacific region.
Visit the website at www.opriskasia.com
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New webinar available!
Creating a security advantage: preventing rogue traders, market abuse and securities fraud

Creating a security advantage webinar




Recent events in the global financial system—including the SocGen rogue trading scandal and subsequent similar losses at other firms—have made both regulators and firms focus on potential risks from their own employees’ bad practices.
This webinar—held in late April—includes top industry speakers: Nomura’s Philippa Girling, Advanta’s Eric Holmquist, Mantas’ S Ramakrishnan, and the European Investment Bank’s Sergio Scandizzo. The webinar was moderated by OpRisk & Compliance editor Ellen Davis.

Listen to the latest thinking
about how firms should tackle market abuse, rogue trading, and employee surveillance issues!
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We want to know what you feel about various topics and what you think about the vendor community. Help us by participating in our surveys and rankings! All results are published on the website. Participants are entered to win one of three free books!
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Oprisk AsiaOnline and In-Person Training
Operational risk and compliance programmes
OpRisk & Compliance is pleased to announce the launch of new online and in-house training programmes for financial services firms. Tailor-made to your firm’s specific needs, these programmes can be used to communicate new regulatory initiatives, cultural change, or new reporting requirements across your firm—globally. Custom-made online training packages include performance metrics and key security features. Tailored in-house training utilizes our pool of experienced trainers, many of whom are ex-practitioners.
For more information, contact mary-anne.edmonds@incisivemedia.com or go to www.cift.com.
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Corporate Subscriptions
Your firm may qualify for OpRisk & Compliance’s corporate subscription packages. Do you have a large team of people spread around the globe who are involved with either operational risk or compliance initiatives within your organization? Find out about bulk subscription packages for either print, online, or a mix of the two. Email patricia.courtney@incisivemedia.com
Data-Driven Operational Risk ManagementNew book!
Data-Driven Operational Risk Management
By Robert Scott Levine. Operational risk losses have famously led to the complete demise of financial institutions, with more than 100 reported losses exceeding US$100 million in recent years. This executive report demonstrates how to avoid such severe losses through improved operational risk data collection.
See more on Riskbooks website

The Basel Handbook Second edition!
The Basel Handbook
Now in its second edition, this bestselling handbook has been fully updated and expanded in light of important changes to the new Basel II Accord such as: the asset classes required under Pillar 1, the new required elements for capital adequacy and the minimum capital requirements for securitization and operational risk, credit risk mitigation, supervisory review and market discipline.
Find more about the Basel Handbook
OR&C DirectoryNew Tool for Finding Services You Need
Oprisk and Compliance Directory 2008

OpRisk & Compliance is pleased to announce the launch of a new online directory, to accompany our traditional, much-loved directory of operational risk and compliance software and services. The new online directory is fully searchable, includes maps of firm locations, and white papers, video clips and other thought leadership from participating companies. Visit the OpRisk & Compliance Directory
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