Governance
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.
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.
SEC Receives More Than 3,000 Whistleblower Tips in 2012
November 15, 2012 - Over the past year, the Securities and Exchange Commission received more than 3,000 whistleblower tips from all 50 states and from 49 countries, according to the agency's 2012 Annual Report on the Dodd-Frank Whistleblower Program released today.
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.
Tougher capital rules on way for non-US banks says the Fed
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.
FSB: Basel III reforms falling behind schedule
November 6, 2012 - Worldwide banking reforms are unlikely to be completed on time, a new report has indicated. The Basel III regulations have been designed in order to prevent any repeat of the recent financial crisis whereby many lenders required state-funded bailouts by compelling companies to boost their reserve capital ratios.
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.
EBF calls for delay in introduction of Basel III following US standstill
November 26, 2012 - The European Banking Federation (EBF) is lobbying the European Commission to postpone the introduction of the Basel III global bank capital adequacy regime by a year to 2014, after US regulators earlier delayed application of the new requirements.
Smallest banks 'should be exempt from Basel III'
October 23, 2012 - America's smallest banks should be made exempt from the full Basel III regulatory changes, a leading figure in the industry has recommended.
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.
UK's new regulatory regime 'more complex'
November 21, 2012 - The new regulatory regime in the UK's banking industry is potentially more complicated than the previous structure, an expert believes.
FDIC Approves Final Rules Regarding Large Bank Stress Tests
October 9, 2012 - The Federal Deposit Insurance Corporation (FDIC) today announced publication of its final rule regarding company-run stress testing required by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The rule applies to covered institutions with total consolidated assets greater than $10 billion.