Governance
Iosco board focuses on behavioral economics and social media
July 1, 2013 - The two day meeting on 18 - 19 June highlighted IOSCO's commitment to identifying emerging risks and new market trends in a proactive and forward-looking way. The meeting was the first chaired by new Board Chairman Greg Medcraft of the Australian Securities and Investments Commission.
EU to establish European Retail Payments Board to improve Sepa governance
June 26, 2013 - The EU is poised to revise the Single Euro Payments Area (Sepa) governance arrangements by replacing the informal Sepa Council with a European Retail Payments Board and by adjusting the role of the bank-backed European Payments Council.
DST Study Finds 42% of Asian Wealth Managers See Regulatory Restrictions as Biggest Challenge to Managing Customer Data
May 29, 2013 - DST Global Solutions, a leading provider of technology and data management solutions for the investment management industry, today released the results of a study aimed at the condition of the wealth management industry in Asia.
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).
Financial sector reforms failing to address tech frailty of banks - Intellect
June 20, 2013 - Tech trade body Intellect has criticised the recommendations from the Parliamentary Commission into Banking Standards for failing to address the technological frailties underpinning the UK banking sector.
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.
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.
Jeannie Shanahan named Omgeo's Managing Director of Governance, Risk Management and Compliance
June 19, 2013 - Omgeo, the global standard for post-trade efficiency, today announced that Jeannie Shanahan has been named its new managing director of governance, risk management and compliance (GRC). In this role, Ms. Shanahan will focus on developing and implementing risk-based compliance programs that support Omgeo's ongoing commitment to providing services that reduce operational and counterparty risk and promote regulatory compliance.
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.
EU cybersecurity agency granted new mandate
June 18 , 2013 - European Union (EU) cybersecurity agency, Enisa has today (18 June) received a new Regulation, granting it a seven year mandate with an expanded set of duties.
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.