Compliance
Penny Cagan leaves Algo First for Citi
In a surprise move, First database founder Penny Cagan departs Algorithmics.
Dissatisfied with CAIR replacement, market calls for legislative fix
Proposals to replace the existing US SO2 and NOx emissions reduction schemes may not be enough to remove market uncertainty.
McKinnon & Clarke’s purchase of Encore signals M&A trend
The takeover of the risk management firm signals a potential trend for further consolidation in the energy services sector
Social networking asks new questions of compliance
Companies must follow the varying demands of regulators in social networks, as markets have different obligations.
Report: Fraud rising as compliance struggles for recognition
Ernst & Young Fraud Survey indicates continued need for anti-fraud measures, even against a tough financial background
Where to from here?
Editor Victoria Tozer-Pennington reviews the op risk events from the month that range from volcanic ash clouds to civil fraud.
Cloud computing security and compliance issues challenge banks
Financial services firms, wary of cloud computing, are looking to a new hybrid public-private cloud strategy to ease concerns.
Fourth annual compliance software survey launched
Operational Risk & Regulation launches its fourth annual compliance software survey
RBS fined £29 million for sharing pricing information
Royal Bank of Scotland (RBS) has settled with the OFT for breaking competition rules with Barclays
MAD world
Hedge fund managers might unwittingly be exposing themselves and their firms to compliance risks by failing to fully address the Market Abuse Directive. Should they act now and review internal policies and systems as a key part in abuse detection?
US Fed working on horizontal reviews of op risk issues
Supervisor looking at range of issues as part of broader look at big banks, including compensation, compliance, and capital
SaaS poses operational and regulatory risks for asset managers
Outsourcing is about more than cutting costs
Point Carbon: US carbon offset supply hits record high
The supply of US carbon offsets reached an all-time high in 2009 as pre-compliance buyers stocked up on lower-priced credits ahead of anticipated legislation.
Two-thirds of ETRM users plan new systems in 2010
Some 67% of respondents to Energy Risk’s 2010 Software Survey say they will be investing in new energy trading risk management (ETRM) systems this year, to tackle dissatisfaction with the speed and usability of existing software systems, as well as…
Best practices in compliance
With regulators’ power set to increase and individual executives increasingly likely to be prosecuted when there is a compliance breach, it is crucial that the compliance function is properly structured. In part two of their series, Michael Berry and…
The risk of getting compliance wrong
A wave of investigations and prosecutions in recent years has driven many top energy players from the business. With regulators’ power set to increase, getting compliance right is now more important than ever. In the first of a two-part series, Michael…
Interview: Richard Alderman, the UK's Serious Fraud Office director
When Richard Alderman became director of the UK Serious Fraud Office in 2008, he set about to try to make the SFO more approachable, and encourages financial firms to pop in for a chat about how they can better manage fraud risks. He talks to Nick Kochan
Ukraine: Regulation weaknesses underline need for deeper financial reform
Nick Kochan delves into Ukraine’s regulation of its financial sector and the approach its banks are taking to fraud. He finds that, despite appearances, the country and its banks have a long way to go before their controls meet the high standards…
Profile: Deepa Chandrasekhar, chief of compliance at United Gulf Bank
A career spanning various banking disciplines in a variety of roles has made Deepa Chandrasekhar, chief of compliance at United Gulf Bank, fluent in the language and customs of the compliance, risk and audit units, meaning she can help them work together…