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Governance

March 8, 2013 - The Securities and Exchange Commission has approved new rules governing IT policies and procedures at 'key market participants', in an effort to better insulate the markets from vulnerabilities posed by systems technology issues.

March 5, 2013 - Chartis Research has issued a new Vendor Highlights report focused on Wolters Kluwer Financial Services and its comprehensive Enterprise Governance, Risk and Compliance (EGRC) platform ARC Logics. Chartis recently ranked Wolters Kluwer Financial Services as a Category Leader and one of the strongest providers serving the financial services industry in its most recent Enterprise GRC Technology Solutions report.

February 8, 2013 - The increasing prevalence of corporate governance, more stringent regulatory processes post-crash and outdated structures are all preventing boards at all types of organisations from adequately engaging in and setting appropriate risk management cultures within their firms, claims a new Thomson Reuters survey.

January 7, 2013 - Consulting firm Protiviti has issued a new version of its governance portal, which it says is designed to make it easier for banks and other organisations to solve their everyday real-world governance, risk and compliance (GRC) challenges.

February 18, 2013 - Major banks could be forced to markedly increase the amount of capital they hold against their trading assets, it has emerged.

January 29, 2013 - Nearly 90% of respondents expect Dodd-Frank 1073 to have extremely or somewhat negative impact on payments business; Over half of banks believe 1073 will either have no benefit or a more negative impact.

December 31, 2012 - A group of 14 US banks are close to agreeing a collective settlement worth around $10 billion with regulatory bodies for breaching codes of practice, it has emerged.

February 14, 2013 - The 2007-2009 financial crisis has been associated with large economic losses and increased fiscal challenges. Studies estimating the losses of financial crises based on lost output (value of goods and services not produced) suggest losses associated with the recent crisis could range from a few trillion dollars to over $10 trillion.

January 22, 2013 - New research undertaken by Chartis Research on behalf of SunGard, has found that although banks around the world are placing greater emphasis on capital planning and stress testing to help successfully address regulations like Basel III, 45% still do not have well-formulated and defined plans in this area.

December 19, 2012 - Banks across Europe will not have to comply with the incoming Basel III regulations from the beginning of 2013, it has emerged.

February 12, 2013 - Banks based in the European Union (EU) may be required to comply with a key aspect of the Basel III regulations before their counterparts elsewhere across the globe.

January 22, 2013 - The Federal Financial Institutions Examination Council (FFIEC) today released proposed guidance on the applicability of consumer protection and compliance laws, regulations, and policies to activities conducted via social media by banks, savings associations, and credit unions, as well as nonbank entities supervised by the Consumer Financial Protection Bureau and state regulators.

November 30, 2012 - Daniel Tarullo, governor of the US Federal Reserve, has outlined stricter capital and liquidity rules for foreign banks operating in the US. His plan would force them to adhere to the same attitudes toward cash investment standards as domestic US institutions.

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