Latest Operational risk News: Finextra Research

A third of London's City workers could face relocation in wake of Brexit - survey

Almost one in three workers in London face an uncertain future over their employer's plans to relocate the business.

25 November 2016

LME hit by second problem in a week

It has been a week to forget for the London Metal Exchange after it was forced to delay trading on Friday by four hours due to a connectivity issue with an external network provider, according to Bloomberg.

22 July 2016

News/Operational risk

MasterCard to apply for China payments licence - Reuters

MasterCard is considering an application to become a licenced payment services provider in China, according to Reuters.

22 July 2016

News/Operational risk

Thailand considers fintech regulation

Thailand's central bank has called for more regulation of the country's growing fintech sector in order to prevent systemic risk and protect consumers.

22 July 2016

News/Operational risk

Worldpay's payments glitch rumbles on

UK payment processing firm Worldpay is experiencing ongoing problems issuing payments despite promising to work with clients to resolve the software issue.

20 July 2016

News/Operational risk

US lawmakers to investigate Fed's cyber security

A US congressional committee is to investigate the Federal Reserve's cyber security practices, according to Reuters which recently reported that there have been more than 50 cyber breaches at the central bank between 2011 and 2015.

06 June 2016

News/Operational risk

Singapore regulator proposes fintech sandbox

The Monetary Authority of Singapore (MAS) has issued a consultation paper proposing a regulatory sandbox for fintech startups and pilot schemes.

06 June 2016

News/Operational risk

Australian banks suffer ATM problems after cloud service outage

Millions of Australian banking customers were unable to access ATM and Eftpos services on Sunday after severe storms on the east coast caused widespread damage, including a major outage at a cloud computing service used by several banks.

06 June 2016

News/Operational risk

Markit to create Know-Your-Vendor data hub

Barclays, HSBC and Morgan Stanley are working with Markit on the creation of a cloud-based network for assessing and monitoring third party vendor risk.

14 October 2015

News/Operational risk

HSBC glitch leaves thousands of customers without salaries

An IT problem at HSBC has affected some 275,000 Bacs payments and left thousands of customers without their monthly salaries just before a bank holiday.

28 August 2015

News/Operational risk

SunGard apologises for BNY Mellon system glitch

SunGard has issued a public apology to custody bank BNY Mellon for the outage of its InvestOne accounting system used by the bank to price thousands of funds.

28 August 2015

News/Operational risk

SunGard system glitch causes havoc for BNY Mellon and US funds market

BNY Mellon and its fund manager clients are scrambling to assess the damage caused after a third party system run by SunGard and used by the bank to value assets worth billions of dollars broke down.

27 August 2015

News/Operational risk

Buy-side still reliant on manual process for complex derivatives - report

Almost half of asset managers are still reliant on costly manual processes to manage complex derivatives creating a dangerous level of operational risk according to a report from buy-side systems vendor SimCorp.

26 August 2015

News/Operational risk

Nasdaq and Nyse propose mutual back-up plan

Two rival exchanges, the New York Stock Exchange (Nyse) and Nasdaq OMX, are planning to provide back-up to each other's closing auctions in order to prevent a repeat of the outage that hit Nyse earlier this month.

23 July 2015

News/Operational risk

Banks warned on IT risks

EU supervisory authorities are warning banks to reinforce IT controls and audits on third-party technology providers and to ringfence budgets related to operational risk.

22 September 2014

News/Operational risk

As cyber threat grows, EU regulators warn FS firms on IT budgets

Europe's financial institutions have been told by regulators that they must protect their IT budgets in order to guard against the growing threat of cyber attacks.

03 April 2014

News/Operational risk

DTCC warns demand for collateral set to overwhelm system infrastructures

With regulatory changes sparking a surge in demand for collateral, current operational processes and system infrastructures looks set to be overwhelmed, the Depository Trust & Clearing Corporation (DTCC) has warned.

22 January 2014

News/Operational risk

Was the London Whale a rogue trader?

Speaking at Finextra's 'Holistic surveillance and the fight to prevent rogue traders' webcast, industry veterans David Clark and Simon Wheatley, along with Shaun Mathieson, senior consultant, global banking & markets, SAS debate whether the ongoing saga of JP Morgan's so-called London Whale trader constituted a rogue trader incident.

06 June 2013

News/Operational risk

Anonymous allegedly leaks bank executive account information during US Super Bowl

In the latest round of attacks, Hacktivist group Anonymous claims to have leaked the names, addresses and other personal information on around 4,000 bank executives.

04 February 2013

News/Operational risk

Bank of America hit by website crash in the US

Bank of America's online banking website crashed on Friday, February 1st in the US leaving customers temporarily unable to access their accounts.

04 February 2013