Ethics & Training
Investment Professionals Optimistic on Economic Growth in 2014, Concerned With Market Integrity
December 12, 2013 - Investment professionals worldwide report greater optimism over economic prospects for the coming year, but do not express confidence that the integrity of capital markets is improving, according to the CFA Institute 2014 Global Market Sentiment Survey (GMSS). Sixty-three percent of CFA Institute survey respondents think that the global economy will expand in 2014, representing a significant shift in opinion over the previous two years, however more than half (54 percent) point to a lack of ethical culture within financial firms as the factor that has contributed the most to the current lack of industry trust.
Corporate data breaches increasingly correlated with consumer fraud reports
June 7, 2013 - Data breaches are not just a hassle for businesses, but for consumers too, with over 50% of US fraud victims in 2012 arising from a corporate cyber break-in, according to a study by Javelin Strategy & Research.
67% of finance and IT professionals believe staff could fraudulently tamper with documents within their organisations
December 19, 2012 - One quarter of professionals have witnessed fraudulent activity involving business documents according to Version One survey.
UK government to invest £1.5 million in m-commerce security projects
November 23, 2012 - The UK Government-sponsored Technology Strategy Board has earmarked £1.5 million in funding for new projects aimed at stimulating mobile commerce and countering the threat of theft and fraud.
Wolters Kluwer Financial Services Releases Readiness Checklist to Help Facilitate Code of Ethics Annual Review and Forensic Testing
May 24, 2013 - Wolters Kluwer Financial Services today released a new readiness checklist and whitepaper to help investment advisors keep their policies and procedures up-to-date and ensure their ongoing efficancy. In compliance with the 40 Act Rules, investment firms across the industry have adopted a written Code of Ethics and instituted personal trading policies and procedures.
UK Fraud Trends In 2013
December 18, 2012 - Leading fraud consultancy UK Fraud has identified 10 key trends that will characterise the domestic fraud prevention market in 2013. These trends are:
Who Polices The Fraud And Security Managers?
September 13, 2012 - Following the recent high profile cases of senior fraud and online security managers being caught up with fraudulent activity, UKFraud’s Special Interest Group (SIG) for Corporate Fraud Prevention has drawn up a new set of benchmarks which will help organisations identify the signs that something is awry. The SIG also outlines the most effective strategies for countering these risks.
Thomson Reuters and True Office team on compliance gamification
February 7, 2013 - Gamification start-up True Office has formed a product development and distribution partnership with Thomson Reuters which will see the pair create regulatory and compliance training applications for the financial services world.
HSBC agrees $1.92bn US fines
December 11, 2012 - HSBC has agreed to pay fines totalling $1.92 billion to US regulators after it breached anti-money laundering laws. The major UK-based bank revealed yesterday (10 December) that its penalties with several authorities in America have now been finalized after investigations found the company failed to comply properly with these regulations.
CFTC and SEC Provide Clarification on Dodd-Frank Definitions of Derivatives
August 17, 2012 - The US Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) have issued joint rules and interpretations clarifying the scope of key definitions of certain derivatives products, as required under Title VII of the Dodd-Frank Act.
NYSE Euronext Companies Offer Enhanced Corporate Governance Solutions
January 30, 2013 - Corpedia and Corporate Board Member, both NYSE Euronext Companies, have partnered to offer a multi-tiered suite of products to help companies more effectively manage corporate governance responsibilities.
ISACA Introduces New COBIT 5 Foundation Course and Certificate
November 20, 2012 - ISACA, a nonprofit association of 100,000 IT professionals in 180 countries, recently released COBIT 5, the business framework for the governance and management of enterprise IT.
HSBC compliance head quits at US hearing
July 18, 2012 - HSBC's head of compliance fell on his sword in front of a US Senate subcommittee Tuesday after the banking giant was excoriated for lax money laundering controls.