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Risk Managers Still Preoccupied With Eurozone Crisis, Bank of England Finds

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The eurozone crisis will not go away. More than nine out of 10 risk managers at financial firms asked about the greatest threat to the financial system cite sovereign risk. In the second half of 2012, it was the biggest concern of 94% of those asked by the Bank of England, while 77% were most worried about the risk of the economic downturn.

Shadow Banking Grows to $67 Trillion Industry

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The shadow banking industry has grown to about $67 trillion, $6 trillion bigger than previously thought, leading global regulators to seek more oversight of financial transactions that fall outside traditional oversight.

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Report - UBS could 'shift' 20,000 staff

UBS, which has been taking steps to ensure key businesses can be broken off in a crisis, plans to shift some internal operations into legally separate service centers that can continue supporting individual subsidiaries after an emergency, according to SonntagsZeitung.

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BlackRock rewrites risk rulebook

With $4.8 trillion in assets - or about the size of Japan’s economy - no one manages more money than BlackRock. So, it’s worth paying attention when the firm says it’s time to cast aside its trusted models for assessing risk in bonds.