Fed risk rating system unifies stress testing and 3LOD
Some banks have qualms over potential downgrades and overlap between first and second lines
Swaps market off pace for IM rules – Isda survey
Participants want to see more standardisation in collateral and custodial contracts
Start-up fund looks to profit from early-stage bubbles
Market feedback loops have a signature that can be spotted and monetised, new fund SIMAG says
COMMENTARY: One line of defence
The three lines of defence model of operational risk management sounds simple: the first line is the business; the second is the risk management specialists, constructing and overseeing risk controls and compliance measures; the third is internal audit. But it has still not…
