Governance
New Gigaom Research Examines Business Impact of Big Data Analytics in Extracting Value from Human-Generated Data
January 29, 2014 - A new report from Gigaom Research suggests that exploiting the metadata surrounding an organisation's most valuable and sensitive information assets can provide businesses with a more complete understanding of their intellectual property.
Money laundering shooting up agenda but banks raise concerns over systems
January 29, 2014 - Bank boardroom focus on money laundering is at an all-time high, yet a third of executives think that their transaction monitoring systems are neither efficient nor effective, according to a survey from KPMG.
GRC joins REGIS-TR to provide EMIR compliant trade reporting services
January 9, 2014 - The compliance technology and outsourcing vendor Global Reporting Company (GRC), which is jointly owned by the GMEX exchange trading technology provider and CoDiese advisory firm, is joining the REGIS-TR trade repository.
IBM launches regulation framework for financial services
December 11, 2013 - IBM (NYSE: IBM) Global Business Services today announced a new financial services framework to help banks tackle regulation and keep their key business services available. This framework comes in two parts:
Standard Bank hit by $12.6m FCA fine for failures in AML controls
January 23, 2014 - The Financial Conduct Authority (FCA) has fined Standard Bank £7,640,400 for failings relating to its anti-money laundering (AML) policies and procedures over corporate customers, connected to politically exposed persons (PEPs).
Britain's banking reform clear final barrier
December 17, 2013 - The reform of Britain's baking industry cleared one of the final barriers to implementation as MPs gave their approval of the measures, which are aimed at tackling structural and cultural issues within the industry.
Federal Reserve Board releases outsourcing guidance
December 6, 2013 - The Federal Reserve Board on Thursday released guidance reminding financial institutions it supervises to exercise appropriate risk management and oversight when using service providers.
Europe reaches agreement on MiFID reforms
January 15, 2014 - New rules governing trading and financial markets in Europe have been agreed by the European Commission (EC), Parliament (EP) and the bloc's national Council of Ministers this week. The Markets in Financial Instruments Directive (MiFID) II stipulations, which have the strength of a Regulation for some aspects in their updated form, creating the alternate MiFIR moniker, seeks to transform the securities market in Europe, as its predecessor did.
IOSCO reports on regulatory issues raised by changes in market structure and technology
December 13, 2013 - The International Organization of Securities Commissions today published its final report on Regulatory Issues Raised by Changes in Market Structure, which makes four recommendations that seek to promote market liquidity and efficiency, price transparency, and investors´ execution quality in a fragmented environment.
ISACA - 10 Questions to Ask Before Deploying Security as a Service
December 4, 2013 - Companies seeking to improve information security without incurring significant expense are increasingly turning to the cloud for security as a service (SecaaS), which promises low costs and high flexibility. But when cloud security is already a concern, outsourcing security services themselves to the cloud poses a significant set of risks to address. A new free, downloadable white paper from global IT association ISACA evaluates the impact of SecaaS on an enterprise and outlines 10 key questions to ask—and answer—before deploying it.
Singapore has 'robust regime' against money laundering says government report
January 10, 2014 - Singapore issued today its inaugural national risk assessment (NRA) report on money laundering and terrorist financing risks in the country.
2014: A Year of Significant Movement and Transformation for Financial Services Firms
December 12, 2013 - Wolters Kluwer Financial Services' experts across EMEA analyse 2013 and look forward to the upcoming year's challenges and opportunities.
Optial (UK) Limited demonstrate their newly created GRC platform for Solvency II Governance
November 26, 2013 - Aon Global Risk Consulting, the risk management consulting arm of Aon plc (NYSE: AON), and Optial (UK) Limited have collaborated to create the first truly integrated Governance, Risk, and Compliance (GRC) system for the commercial insurance and reinsurance sector.