Governance
Regulation and data management top-of-mind for US bank executives - KPMG
May 21, 2013 - Regulation is top of mind for banking executives and is viewed as the primary impediment to growth and traditional bank business models, while the likelihood of mergers and acquisition (M&A) activity within the industry declined, according to a recent survey by KPMG LLP, the audit, tax, and advisory firm.
CFTC targets bitcoin cyber-currency for regulation
May 7, 2013 - The US Commodity Futures Trading Commission (CFTC) has said it may need to regulate the cyber-currency.
Most Basel members 'failed to meet January deadline for new regulations'
April 5, 2013 - The majority of financiers involved in the Basel Committee on Banking Supervision (BCBS) failed to meet the deadline of January to begin implementing new capital rules.
Global regulators 'to consider Basel III amendments'
March 13, 2013 - Global regulators are considering the possibility of simplifying the incoming Basel III regulations following protestations from several institutions around the world, it has emerged.
New UK regulator attacks EU proposed rules for insurers
May 1, 2013 - One of the UK's top regulators, Andrew Bailey, has criticised forthcoming European Union (EU) rules for the insurance industry as overly expensive, delayed and unsuitable for many UK businesses.
Basel Committee demands crackdown on banks exploiting CDS loophole
March 26, 2013 - Banks' ability to exploit a regulatory loophole in the Basel III capital adequacy regime by purchasing credits default swaps (CDS) and other instruments to lower the amount of risk on their books, and thereby reduce their capital requirements, will be curbed under new proposals released by the Basel Committee on Banking Supervision.
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 Names Jennifer Marietta-Westberg as Deputy Director of the Division of Risk, Strategy, and Financial Innovation
April 11, 2013 - The Securities and Exchange Commission today announced that Jennifer Marietta-Westberg has been named Deputy Director of its Division of Risk, Strategy, and Financial Innovation (RSFI).
US govt clarifies virtual currency regulatory position
March 19, 2013 - The US government has moved to clarify its regulatory stance on virtual currencies such as bitcoin, confirming that while users are not classified as money services businesses (MSBs) subject to its rules, exchanges and administrators are.
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.
Bernanke: Stress tests have strengthened US financial system
April 9, 2013 - Banking stress tests have made the US financial system more resistant to potential future shocks.
SEC Issues Guidance Update on Social Media Filings by Investment Companies
March 15, 2013 - The Securities and Exchange Commission today published a guidance update from its staff to clarify the obligations of mutual funds and other investment companies to seek review of materials posted on their social media sites.
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.