Governance
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.
Basel Committee Releases Basel III Assessments
October 2, 2012 - The Basel Committee on Banking Supervision has published three reports assessing the rules that will implement Basel III in the EU, Japan and the US. Conducted by independent teams of technical experts from a wide range of countries, the assessments compared the relevant domestic regulations with the Basel Committee's global standards.
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.
IMF warning: Banking reforms have stalled
September 26, 2012 - Regulators around the world must not rest on their laurels when it comes to implementing reforms in the banking industry, a new report has urged.
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.
BofE exec calls for regulators to tear up the rule books
September 3, 2012 - A senior Bank of England executive has called for a rethink of the Basel Capital Accord, suggesting instead that regulatory bodies rip up the rule-books and adopt a simpler judgement-based supervisory approach.
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.
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.
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.