Governance
Federal Reserve Board considering changes to the implementation timeline for the Dodd-Frank company-run stress test requirements
August 27, 2012 - The Federal Reserve Board is considering changes to the implementation timeline for the annual company-run stress test requirements required by the Dodd-Frank Wall Street Reform and Consumer Protection Act.
CFTC and SEC Provide Clarification on Dodd-Frank Definitions of Derivatives
August 17, 2012 - The US Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) have issued joint rules and interpretations clarifying the scope of key definitions of certain derivatives products, as required under Title VII of the Dodd-Frank Act.
Stress tests should focus on all banks, research indicates
August 3, 2012 - Stress tests in the banking industry should be conducted on financiers of all sizes, a new report has stated.
FATCA Accreditation Scheme Unveiled
July 13, 2010 - B.I.S.S. Research and Globe Tax Services have formed a joint venture to launch Foreign Account Tax Compliance Act (FATCA) accreditation, which aims to assist financial companies and their treasury departments in achieving FATCA compliance across an enterprise by identifying strengths and weaknesses in their systems and procedures and establishing a corporate standard.
Banking reforms 'vital to UK recovery'
August 13, 2012 - Pressing ahead with reforms in the banking industry represents a crucial part of assisting the UK's economic recovery.
UK govt issues new banking reform proposals
August 2, 2012 - Regulators in the UK have received further information on how reforms to the banking industry will affect their ability to deal with the failure of financiers.
SEC Staff Publishes Final Report on Work Plan for Global Accounting Standards
July 13, 2012 - The Securities and Exchange Commission's Office of the Chief Accountant today published its final staff report on the Work Plan related to global accounting standards.
Regulators call on major US banks to plan for collapse
August 10, 2012 - Major banks in the US have been instructed to put together contingency plans to ensure they could deal with a collapse of their business.
DHS Needs to Further Define and Implement Its New Governance Process
July 25, 2012 - The Department of Homeland Security (DHS) has defined a vision for its new information technology (IT) governance process, which includes a tiered oversight structure that defines distinct roles and responsibilities throughout the department.
US regulators warn on outsourced cloud risks
July 11, 2012 - US financial services regulators have warned banks that they need to put in more robust controls if they plan to use third party cloud services.
Regulators urged to act on creaking bank technology
August 9, 2012 - Intellect, the trade association for the UK technology sector, has called on financial regulators to force banks to upgrade their legacy IT systems, or risk future financial crises and systems failures.
HSBC compliance head quits at US hearing
July 18, 2012 - HSBC's head of compliance fell on his sword in front of a US Senate subcommittee Tuesday after the banking giant was excoriated for lax money laundering controls.
SEC Approves New Rule Requiring Consolidated Audit Trail to Monitor and Analyze Trading Activity
July 11, 2012 - The Securities and Exchange Commission today voted to require the national securities exchanges and the Financial Industry Regulatory Authority (FINRA) to establish a market-wide consolidated audit trail that will significantly enhance regulators' ability to monitor and analyze trading activity.