June 7, 2012 - Banks in China will be required to comply with the regulations laid down in the new Basel III agreement, it has emerged. Policymakers in Beijing have decided that financiers operating in the Asian superpower will be put under the same level of regulatory supervision as their counterparts across the world as of the beginning of 2013.
June 6, 2012 - A top federal regulator says that starting late last year, JPMorgan Chase changed its strategy aimed at containing risk. His agency is examining whether the bank's policies were inadequate before it suffered a $2 billion-plus trading loss this spring.
June 6, 2012 - Bank CIOs report that under-investment in Information Management (IM) programs at their institutions is expected to continue, according to a report based on a survey commissioned by Capco and conducted by The Banker.
June 6, 2012 - Bank CIOs report that under-investment in Information Management (IM) programs at their institutions is expected to continue, according to a report based on a survey commissioned by Capco and conducted by The Banker.
June 6, 2012 - Globally, Celent expects firms to spend in excess of $850 million in 2012 on counterparty risk and CVA management systems, rising at a CAGR of 9.6% to $1.1 billion in 2015.
June 6, 2012 - American banks consider technology investment a top spending priority for the year ahead, with platform simplification the most important IT-related project, according to a KPMG survey.
May 31, 2012 - The International Organisation of Standardisation (ISO) has published a standard for Legal Entity Identifiers, designed to provide unambiguous identification of counterparties engaged in financial transactions.
May 31, 2012 - The International Organisation of Standardisation (ISO) has published a standard for Legal Entity Identifiers, designed to provide unambiguous identification of counterparties engaged in financial transactions.
