A capital idea

If a risk can be modelled then a capital requirement can be set. The Bank of England is already looking at prudential regulation around climate change exposure so why not for financial crime risk? Denis O'Connor explores the idea.

Denis O'Connor, a Fellow of both the Institute of Chartered Accountants in England & Wales and the Chartered Institute of Securities and Investment, was a member of the British Bankers' Association Money Laundering Committee from 2003-10 and a member of the Joint Money Laundering Steering Group's Board and Editorial Panel between 2010 and 2016. He has been a frequent speaker at industry conferences on financial crime issues, both in the UK and abroad.

If a risk can be modelled then a capital requirement can be set. The Bank of England is already looking at prudential regulation around climate change exposure so why not for financial crime risk? Denis O'Connor explores the idea.