December 11, 2012 - HSBC has agreed to pay fines totalling $1.92 billion to US regulators after it breached anti-money laundering laws. The major UK-based bank revealed yesterday (10 December) that its penalties with several authorities in America have now been finalized after investigations found the company failed to comply properly with these regulations.
December 6, 2012 - Wolters Kluwer Financial Services' Experts Say Proactive Efforts Around Compliance, Risk, Finance and Audit Critical to Organizations' Success in 2013.
December 5, 2012 - European banks should not delay the implementation of Basel III purely on the basis that their counterparts in the US are doing so.
December 1, 2012 - Mobile banking is on the rise in the US, now used by a third of consumers as financial institutions broaden the range of services that they offer, according to Javelin Strategy & Research.
November 20, 2012 - ISACA, a nonprofit association of 100,000 IT professionals in 180 countries, recently released COBIT 5, the business framework for the governance and management of enterprise IT.
November 30, 2012 - Daniel Tarullo, governor of the US Federal Reserve, has outlined stricter capital and liquidity rules for foreign banks operating in the US. His plan would force them to adhere to the same attitudes toward cash investment standards as domestic US institutions.
November 29, 2012 - The Securities and Exchange Commission today announced that it has named Todd K. Scharf, Sr. as Chief Information Security Officer and Associate Director in the agency's Office of Information Technology.
November 28, 2012 - Invictus Consulting Group LLC says that while the now delayed Basel III capital rules have raised wide concern among community banks, based on its studies and consultations with clients and regulators, implementation is inevitable but that stress testing can provide them with the upper hand in dealing with its impact.
