The following 15 articles were the most-viewed content on
GARP's Risk News & Resources in 2012. They appear in order of
Serious lapses in operational risk control have been at the
heart of the major trading scandals of the past two decades, from
the Kidder fiasco through the UBS meltdown.
In the wake of a massive trading loss, JPMorgan's risk policy
committee came under scrutiny -- and raised industry-wide concerns
The corporate pressure-cooker can take a heavy personal toll on
anyone in the senior ranks, but it hits risk managers especially
While many economists point to signs of a more stable global
economy, a small cadre of doomsayers warn that the worst of the
financial crisis is still to come.
Minos Zombanakis, born 86 years ago on a Greek island, remembers
well the birth of the interest rate benchmark at the heart of a
global rigging scandal.
Bank of America is the stock of the moment for high-frequency
trading, the supercomputer-driven buying and selling that today
accounts for as much as two-thirds of U.S. trading.
In March, all but four of 19 major U.S. banks passed the Fed's
so-called stress tests and got a green light to boost their
dividends. The exceptions? Ally Financial, SunTrust, MetLife and
UBS plans to eliminate 10,000 staffers by the end of 2015. Three
quarters of the cuts are expected to come from outside its native
Switzerland, with London and New York expected to bear the
While other eurozone countries have battled fears that their
economies are buckling under the pressure of too much debt, Germany
has benefited from its reputation as a safe haven for
Jamie Dimon, America's most celebrated banker, heaped criticism
on regulators and politicians during a high-profile visit to the
Technical analysts like Tom DeMark are enjoying a
post-financial-crisis boomlet, but traditional investors and
quantitative fund managers can barely hide their contempt.
The demise of MF Global cast yet another spotlight on the role
of risk managers at financial firms under stress.
Banks are spending billions to meet new OTC derivatives market
requirements -- and ultimately to be ready for new business
Royal Bank of Scotland appointed investment bank Lazard to
handle the sale of large chunks of its global banking and markets
operations as part of a radical overhaul.
Chief risk officers have found a home in the C-suite. Are they