North American banks to spend $73.8bn next year - survey
August 2, 2013 - Large North American financial institutions will spend $73.8 billion on IT improvements across software, hardware and professional services next year, a two per cent rise on 2013, according to a Technology Business Research report.
US and EU reach agreement on derivatives regulation
July 12, 2013 - A year of complex negotiations between European Union (EU) and US regulators have at last reached agreement on how best to police global derivatives trading. The breakthrough divides up responsibilities and avoids a dispute that could have disrupted global markets and trading.
US banks could be hit by tougher capital rules
July 10, 2013 - Eight of the largest banks in the US could face much tougher financial ratios required under the international standards set by the Basel III global agreement as the nation's banking regulators consider breaking from the arrangement.
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.
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.
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.
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.
