Focus on Governance is Ironically Harming Risk Culture in Boardrooms, says Reuters
February 8, 2013 - The increasing prevalence of corporate governance, more stringent regulatory processes post-crash and outdated structures are all preventing boards at all types of organisations from adequately engaging in and setting appropriate risk management cultures within their firms, claims a new Thomson Reuters survey.
Banks Believe Dodd-Frank 1073 Will Have Negative Impact, According to Fundtech Survey
January 29, 2013 - Nearly 90% of respondents expect Dodd-Frank 1073 to have extremely or somewhat negative impact on payments business; Over half of banks believe 1073 will either have no benefit or a more negative impact.
Bank Capital Planning Behind the Curve in Helping to Address Regulation
January 22, 2013 - New research undertaken by Chartis Research on behalf of SunGard, has found that although banks around the world are placing greater emphasis on capital planning and stress testing to help successfully address regulations like Basel III, 45% still do not have well-formulated and defined plans in this area.
Financial Regulators Propose Guidance on Social Media
January 22, 2013 - The Federal Financial Institutions Examination Council (FFIEC) today released proposed guidance on the applicability of consumer protection and compliance laws, regulations, and policies to activities conducted via social media by banks, savings associations, and credit unions, as well as nonbank entities supervised by the Consumer Financial Protection Bureau and state regulators.
Protiviti updates its governance portal
January 7, 2013 - Consulting firm Protiviti has issued a new version of its governance portal, which it says is designed to make it easier for banks and other organisations to solve their everyday real-world governance, risk and compliance (GRC) challenges.
US banks 'close to $10bn regulatory settlement'
December 31, 2012 - A group of 14 US banks are close to agreeing a collective settlement worth around $10 billion with regulatory bodies for breaching codes of practice, it has emerged.
Basel III 'will not affect Europe from January'
December 19, 2012 - Banks across Europe will not have to comply with the incoming Basel III regulations from the beginning of 2013, it has emerged.
Tougher capital rules on way for non-US banks says the Fed
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.
