Governance
Benchmarks: EDHEC-Risk Institute warns against the false promises of governance
March 11, 2013 - In the context of the ongoing regulatory debate on financial benchmarks and the recent consultations by the International Organisation of Securities Commissions (IOSCO) and the European Securities and Markets Authority (ESMA)/European Banking Authority (EBA), EDHEC-Risk Institute wishes to underline that transparency is both crucial to allowing users to assess the risks, relevance and suitability of indices and the most powerful tool to mitigate conflicts of interests existing across the indexing industry.
SEC sets out new tech rules
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.
EU banks may have to be first to implement Basel III reforms
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.
Financial Regulators Propose Guidance on Social Media
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.
Chartis Research Report Highlights Wolters Kluwer Financial Services’ EGRC Solutions
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.
Focus on Governance is Ironically Harming Risk Culture in Boardrooms, says Reuters
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8, 2013 - The increasing prevalence of corporate governance, more stringent regulatory processes post-crash and outdated structures are all preventing boards at all types of organisations from adequately engaging in and setting appropriate risk management cultures within their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.
Protiviti updates its governance portal
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.
Basel Committee 'considering capital requirement reforms' and issues FX guidance
February 18, 2013 - Major banks could be forced to markedly increase the amount of capital they hold against their trading assets, it has emerged.
Banks Believe Dodd-Frank 1073 Will Have Negative Impact, According to Fundtech Survey
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.
US banks 'close to $10bn regulatory settlement'
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.
GAO: Financial Crisis Losses and Potential Impacts of the Dodd- Frank Act
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.
Bank Capital Planning Behind the Curve in Helping to Address Regulation
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.
Basel III 'will not affect Europe from January'
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.