Federal Reserve Board proposes steps to strengthen regulation and supervision of large bank holding companies
December 20, 2011 - The Federal Reserve Board on Tuesday proposed steps to strengthen regulation and supervision of large bank holding companies and systemically important nonbank financial firms. The proposal, which includes a wide range of measures addressing issues such as capital, liquidity, credit exposure, stress testing, risk management, and early remediation requirements, is mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Security vendors to cash in on FFIEC e-banking authentication guidance
December 16, 2011 - Over 80% of US banks and credit unions plan to invest in new technologies to help them conform to new FFIEC online banking security guidance, according to a survey from vendor Guardian Analytics.
FSA chief: Regulators not clever enough
December 15, 2011 - Regulatory bodies are not acting with enough intelligence to resolve the ongoing issues in the global financial system.
FSA & regulatory experts urge banking industry to take proactive approach in shaping European regulation
December 15, 2011 - Speakers at Wolters Kluwer Financial Services' FRSGlobal breakfast briefing advised industry to participate in consultation and ensure preparation is on track for COREP before 1st January 2013 deadline.
Make way for the chief data protection officer, as EU puts finishing touches to new rules
December 8, 2011 - Financial services firms may have to appoint chief data protection officers under new rules being drawn up the European Commission.Bureaucrats in Brussels are putting the finishing touches to a new set of legislation designed to reform data protection laws across the EU.
Dodd Frank and EMIR unlikely to reduce systemic risk, says industry
December 5, 2011 - OTC clearing reform will not reduce systemic risk, according to 50% of market participants surveyed at a recent industry debate. Nevertheless, 79% have identified the need for collateral optimisation within their organisations, driven by regulatory changes on the horizon.
Banking official calls for rule overhaul
November 14, 2011 - Rules relating to accounting practises among banks in Europe and the US should be amended to make sure they give a clearer representation of the truth.
UK government plans Payments Council regulation
November 11, 2011 - Following its bungled and abandoned attempt to scrap cheques, the UK Payments Council looks set to face new government-imposed regulations. In July, Britain's banks scrapped their plans to abolish cheques by 2018 after pressure from MPs, consumer groups and charities.
