Compliance
Eiopa: Internal models beneficial under Solvency II
Eiopa: Internal models beneficial under Solvency II
OpRisk North America: ‘Nasty’ new regulation threatens foreign banks in the US
The Foreign Account Tax Compliance Act expected to impact on the systems and operations both of US and foreign firms
UK Bribery Act guidance fails to clarify compliance issues
New guidance from the Ministry of Justice and the Serious Fraud Office helps in some areas but muddies the waters
Finra fines Lincoln Financial $600,000 for customer data failings
Finra fines Lincoln Financial $600,000 over info
AXA Rosenberg to pay $240m after failing to disclose coding errors
AXA Rosenberg pays $240m for failure to disclose code errors
Ernst & Young's Hank Prybylski discusses challenges banks face today
Global financial services risk management leader Prybylski discusses forecasting, risk appetite, and Basel III
How smaller UK firms can handle the Remuneration Code
Firms have until July 1 to comply, but experts says they can reject "pernicious" parts of FSA regulations
Gartmore deal boosts Henderson’s hedge fund business
Series of scandals at Gartmore results in fund giant being taken over by smaller rival
Preparing for new EU data requirements
Getting the house in order
Straley moves to Accenture to run risk management for Asia
Phillip Straley has left consultancy Ernst & Young to join rival Accenture where he will lead the risk management services division for Asia Pacific.
Corruption dubbed most pervasive op risk for 2011
Control Risks report highlights the impact of the UK Bribery Act on operational risk management
Merkel enraged at vote to scrap US-EU Swift data deal: WikiLeak
Leaked wire from US embassy in Berlin says Germany’s Chancellor Angela Merkel was furious at German MEPs' decision to reject Swift data sharing deal with United States
Inefficiency in reporting costing institutions more than 700 days a year
Consultancy says duplication of reporting and poor compliance oversight is costing banks massively
FSA defends mobile-taping proposals, continues plans to enforce recording
UK regulator denies planned regulation is unenforceable or prohibitively expensive
Major players show support for California carbon trading
First California Carbon Allowance forward underlines US interest in trading, contract standards to evolve as activity increases
Commissioner presses to speed up Dodd-Frank rule-making
CFTC continues derivatives reform rule-making, staff and commissioners concerned about timetable and resources
Nat gas hedging hit by regulation and fundamentals
Experts link drop in natural gas trading activity and liquidity to fundamentals and regulatory uncertainty
US regulators turn light on rule-making and enforcement
Shining light
HSBC issued with cease-and-desist order for AML failures
Bank's North American arm ordered to improve compliance systems; might still face financial penalty.
New methodology to address 'dearth' of forestry offsets
Methodology should increase supply, developer says, providing end-users with high-quality carbon offsets
Op risk responsibility: The buck stops with everyone
A problem shared...
Dodd-Frank sends banks on journey into the great unknown
The passing of the Dodd-Frank Act into US law signifies profound changes for banks and regulators. But how they should prepare now for the new legislation is still far from certain
UK investment managers prepare for Fatca ahead of 2013
New US-based requirements will increase the reporting burden for international firms
Trading group fined $12 million for inflating oil price
CFTC fines ConAgra Trade Group for artificially pushing crude to $100 per barrel in January 2008, the year prices hit all-time peak of $147 per barrel