March 1, 2012 - Google chairman Eirc Schmidt says the Internet search giant once considered creating its own peer-to-peer money system, dubbed Google Bucks, but binned the idea because of regulatory concerns.
February 29, 2012 - RiskAdvisory, a division of business analytics leader SAS, today announced it is strengthening its market-leading Dodd-Frank regulatory response with the addition of Patrick Woody as Senior Strategist for Regulatory Risk Compliance. Woody comes to commodity trading and risk management (CTRM) solutions provider RiskAdvisory from parent company SAS, where he assisted energy and utilities companies with risk management and regulatory issues.
February 28, 2012 - FinArch, international market leader in integrated risk and finance solutions for the financial services industry, announced that Basel III has been added to its Finance, Risk and Performance Measurement Platform Financial Studio. Financial Studio Basel III is a unique, comprehensive and flexible end-to-end solution that meets all Basel III regulatory requirements, and, at the same time, banks’ strategic business needs.
February 28, 2012 - The threats to systems supporting critical infrastructures are evolving and growing. In a February 2011 testimony, the Director of National Intelligence noted that there had been a dramatic increase in cyber activity targeting U.S. computers and systems in the previous year, including a more than tripling of the volume of malicious software since 2009. Varying types of threats from numerous sources can adversely affect computers, software, networks, organizations, entire industries, and the Internet itself.
February 27, 2012 - The Securities and Exchange Commission today released an alert to help firms prevent and detect unauthorized trading in brokerage and advisory accounts.The Risk Alert issued by the agency's Office of Compliance Inspections and Examinations (OCIE) notes that although broker-dealers and investment advisers are subject to different regulatory requirements, both face similar risks of financial and reputational losses arising from unauthorized trading.
February 24, 2012 - The European Securities and Markets Authority (Esma) has given national securities watchdogs two months to declare their plans for enforcing new rules on scrutinising high frequency trading activities.
February 21, 2011 - Globally, Celent expects firms to spend in excess of $35 billion in 2012 on core risk management and risk-related regulatory compliance. These constitute a significant part of total technology spending across banking, insurance, securities, and investment management sectors in North America, Europe, and Asia-Pacific, growing to $50.6 billion in 2015.
February 17, 2012 - Leading banks, telcos, handset device manufacturers and app developers will gather under one roof next month to debate the future of mobile banking and payments services at the first annual MobeyDay conference in Barcelona.
