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Compliance Risk, Featured, Financial Crime Risk »

Thin blue line: compliance officers are being pushed into the vanguard of crime-fighting
November 21, 2014 – 8:11 am | Be the first to comment on this story.

32By Selwyn Parker, Wolters Kluwer Financial Services’ contributor.

Unlikely as it sounds, a mass raid on the Los Angeles fashion district on 10 September 2014 is closely linked with the unprecedented demand for compliance officers in the financial sector in Europe and elsewhere. Read the full story »

JMLSG update: a busy year for all sectors
November 14, 2014 – 10:28 am | Be the first to comment on this story.
JMLSG update: a busy year for all sectors

By Chris Hamblin, Wolters Kluwer Financial Services’ contributor.
The Joint Money-Laundering Steering Group, whose job it is to give the financial services sector a practical interpretation of the UK’s Money Laundering Regulations, has had a busy …

Bigger budgets and a bigger role – Europe’s main regulators are empire building
November 11, 2014 – 7:22 am | Be the first to comment on this story.
Bigger budgets and a bigger role – Europe’s main regulators are empire building

By Selwyn Parker, Wolters Kluwer Financial Services’ contributor.
All three of Europe’s biggest regulators have made a pitch for fatter budgets as they aim to extend their control over national supervisory authorities. In their annual briefings …

Bank stress tests – a good outcome, but not quite a clean bill of health
November 7, 2014 – 6:04 am | Be the first to comment on this story.
Bank stress tests – a good outcome, but not quite a clean bill of health

By Michael Imeson, Wolters Kluwer Financial Services’ contributor.
Banking authorities in Europe have been assessing the strength and capital adequacy of the banking system through a series of stress tests. So far the results are encouraging, …

Regulating the emerging Mobile Banking Market
November 7, 2014 – 5:58 am | Be the first to comment on this story.
Regulating the emerging Mobile Banking Market

By Sharon Williams, Wolters Kluwer Financial Services’ contributor.
The British public have enthusiastically embraced mobile banking, with its take-up proving to be far faster than that of either internet or telephone banking. Research published by the …

Risk threat from Cyber on the rise
November 5, 2014 – 7:30 am | Be the first to comment on this story.
Risk threat from Cyber on the rise

By Nick Kochan, Wolters Kluwer Financial Services’ contributor.
Operational risk managers are bombarded with information about the growing number of fraud threats to their organisations. But none is more alarming and more insidious than that which …

Regulatory Radar – Issue 33: November 2014
November 3, 2014 – 8:15 am | Be the first to comment on this story.
Regulatory Radar – Issue 33: November 2014

Steve Blackbourn takes a glance at key regulatory events, developments and publications issued during the month of October 2014.
Conduct regulator makes final rules on changes to product sales data reporting
The UK FCA has published its …

Solvency II – Is It All Over Bar The Shouting?
October 28, 2014 – 12:27 pm | Be the first to comment on this story.
Solvency II – Is It All Over Bar The Shouting?

By Martyn Oughton, Wolters Kluwer Financial Services’ contributor
The insurance industry has been concerned for a long time about the progress of Solvency II, but a closer look shows that actually a lot has now been …

A busy EBA: the EU’s supervisors put pressure on boardrooms
October 27, 2014 – 8:56 am | Be the first to comment on this story.
A busy EBA: the EU’s supervisors put pressure on boardrooms

By Selwyn Parker, Wolters Kluwer Financial Services’ contributor
A full seven years after the financial crisis the European Union’s financial system is still sick, a semi-invalid exposed to numerous risks that threaten the region’s financial stability.
And …

Have the changes to regulation under the FCA changed Compliance teams?
October 22, 2014 – 11:07 am | Be the first to comment on this story.
Have the changes to regulation under the FCA changed Compliance teams?

By Sue Berwick, Wolters Kluwer Financial Services’ Senior Regulatory Analyst.
The customary summer lull for Compliance teams gets shorter every year, but is much anticipated, even though we never manage to do half of the tasks …

The trials and tribulations in meeting the UK ‘Client Assets’ regime
October 17, 2014 – 5:30 am | Be the first to comment on this story.
The trials and tribulations in meeting the UK ‘Client Assets’ regime

By Steve Blackbourn, Wolters Kluwer Financial Services’ contributor.
Recent and future changes to the FCA’s UK Client Assets (CASS) regime have updated the requirements upon firms holding and controlling client money and/or customer assets for or …

Finding the right culture in a world full of risk
October 14, 2014 – 9:00 am | Be the first to comment on this story.
Finding the right culture in a world full of risk

By Michael Imeson, Wolters Kluwer Financial Services’ contributor.
Efforts are afoot to improve the risk culture of banks and other financial firms, as Michael Imeson explains.
Risk culture is one of the most important issues facing banks …

Sepa: the next phase
October 10, 2014 – 5:44 am | Be the first to comment on this story.
Sepa: the next phase

By Selwyn Parker, Wolters Kluwer Financial Services’ contributor.
Herculean performance though it was, the enablement from August 2014 of a seamless eurozone-wide clearance system under the platform known as Sepa is just the start of something …