Lords call for halt to "rushed" MiFID II reforms
July 10, 2012 - The UK's House of Lords has urged the European Commission to call a halt to proposed changes to the Markets in Financial Instruments Directive (MiFID II), labelling the reforms as "ill-thought out" and potentially damaging to the City of London.
IOSCO and Basel Committee outline new requirements to cut derivatives risk
July 9, 2012 - The Basel Committee on Banking Supervision (BCBS) and the International Organisation of Securities Commissions (IOSCO) have published a consultative paper on margin requirements for non-centrally-cleared derivatives, and have invited public feedback on the scope, feasibility and impact of its proposed measures.
Agencies Seek Comment on Regulatory Capital Rules and Finalize Market Risk Rule
June 12, 2012 - The Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (Board), and the Federal Deposit Insurance Corporation (FDIC) are seeking comment on three notices of proposed rulemaking (NPRs) that would revise and replace the agencies' current capital rules.
BoE official: British banks must embrace risk
June 11, 2012 - Britain's banking industry must begin embracing risk once again if it is to recover fully in the aftermath of the global economic downturn. That is the opinion of Andy Haldane, a policymaker at the Bank of England (BoE), who has told the Scotsman that this is essential in order to kickstart the country's economic revival.
JPMorgan changed risk strategy last year, says regulator
June 6, 2012 - A top federal regulator says that starting late last year, JPMorgan Chase changed its strategy aimed at containing risk. His agency is examining whether the bank's policies were inadequate before it suffered a $2 billion-plus trading loss this spring.
Countering the Risk of Counterparties: Emerging Trends, Practices, and Technology in CVA Management
June 6, 2012 - Globally, Celent expects firms to spend in excess of $850 million in 2012 on counterparty risk and CVA management systems, rising at a CAGR of 9.6% to $1.1 billion in 2015.
Banks 'tightening up risk strategies'
May 30, 2012 - Ongoing uncertainty in the global financial system is causing banks to become increasingly selective over how they conduct their business, experts believe.
International Compliance Association launches new cyber security qualification
May 22, 2012 - The International Compliance Association (ICA) announces the launch of a brand new qualification: the ICA Advanced Certificate in Cyber Security.
