Regulators urged to act on creaking bank technology
August 9, 2012 - Intellect, the trade association for the UK technology sector, has called on financial regulators to force banks to upgrade their legacy IT systems, or risk future financial crises and systems failures.
Stress tests should focus on all banks, research indicates
August 3, 2012 - Stress tests in the banking industry should be conducted on financiers of all sizes, a new report has stated.
UK govt issues new banking reform proposals
August 2, 2012 - Regulators in the UK have received further information on how reforms to the banking industry will affect their ability to deal with the failure of financiers.
DHS Needs to Further Define and Implement Its New Governance Process
July 25, 2012 - The Department of Homeland Security (DHS) has defined a vision for its new information technology (IT) governance process, which includes a tiered oversight structure that defines distinct roles and responsibilities throughout the department.
HSBC compliance head quits at US hearing
July 18, 2012 - HSBC's head of compliance fell on his sword in front of a US Senate subcommittee Tuesday after the banking giant was excoriated for lax money laundering controls.
FATCA Accreditation Scheme Unveiled
July 13, 2010 - B.I.S.S. Research and Globe Tax Services have formed a joint venture to launch Foreign Account Tax Compliance Act (FATCA) accreditation, which aims to assist financial companies and their treasury departments in achieving FATCA compliance across an enterprise by identifying strengths and weaknesses in their systems and procedures and establishing a corporate standard.
SEC Staff Publishes Final Report on Work Plan for Global Accounting Standards
July 13, 2012 - The Securities and Exchange Commission's Office of the Chief Accountant today published its final staff report on the Work Plan related to global accounting standards.
US regulators warn on outsourced cloud risks
July 11, 2012 - US financial services regulators have warned banks that they need to put in more robust controls if they plan to use third party cloud services.
