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Read the latest Banking articles, news and commentary from industry experts focused on the risks facing compliance and risk professionals. More articles »
Read the latest Insurance articles, news and commentary from industry experts focused on the risks facing compliance and risk professionals. More articles »
Read the latest Securities articles, news and commentary from industry experts focused on the risks facing compliance and risk professionals. More articles »
David D. Thetford, Securities Compliance Principal Analyst, Wolters Kluwer Financial Services
Form PF is a joint effort of the Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC) to gather information about the private fund industry. The Dodd-Frank Act requires the SEC to collect information from advisers to private funds for the purpose of assisting the Financial Stability Oversight Council (FSOC), also created by the Dodd Frank Act. The FSOC will use the information in its efforts to monitor risks to the stability of the U.S. financial system. Read the full story »
from InsuranceQuotes.com
Troy Anderson
A spouse’s death, a job loss or a catastrophic illness are among the most traumatic events in life. These kinds of tragedies account for nearly 90 percent of family bankruptcies – usually walloping …
By Gabby Stephenson - Regulatory Editor for Wolters Kluwer Financial Services.
At her 59th Ceremony of the State Opening of Parliament, Her Majesty the Queen outlined the Government’s priorities for the coming Parliamentary year. The ceremony, a combination …
Flood Insurance Compliance—Don’t End Up Under Water
Flood insurance heats up as hurricane season starts over the ocean and regulators blow strong winds through institutions’ flood portfolios all across the land. With flood season coming, it’s …
By Brooke Masters, Chief Regulation Correspondent
Bank trading desks face a new threat to their profitability after global regulators unveiled proposals on Thursday to force them to hold more capital against the risk of heavy losses when …
By BEN PROTESS
The JOBS Act appears to give a generous gift to Wall Street. But Wall Street is now seeking clarification — and further exemptions.
The broad new law, which was enacted last month, rolled back …
By: Ted Dreyer
The Financial Crimes Enforcement Network has announced some significant changes to the filing requirements for Bank Secrecy Act forms like Suspicious Activity Reports and Currency Transaction Reports.
First, by July 1, CTRs and SARs …
By Financial Services Author and Wolters Kluwer Financial Services Contributor – Selywn Parker.
With the big international banks being steadily muzzled, the Bank of England and other regulators are now moving against the shadow banks in …
While researching for my speech this week at the ABA Risk Management Forum, I came across this article from the Federal Home Loan Bank of Seattle. I found the article interesting because it reminds us …
By Sue Berwick, Wolters Kluwer Financial Services Europe
Every year here in the UK early spring sees two major sporting events take a gamble with the weather. The Oxford and Cambridge University Boat Race generally happens …
Complying with FinCEN’s AML Requirements for Nonbank Mortgage Lenders
On February 14, 2012, FinCEN published a final rule in the Federal Register requiring nonbank residential mortgage lenders and originators (RMLOs) to establish anti-money laundering programs by …
Steve Blackbourn takes a glance at key regulatory events, developments and publications issued during the month of April 2012.
Changes ahead for the UK financial services compensation scheme (FSCS)
The FSCS is the UK’s statutory compensation scheme …
By Kirstie Fell – Compliance & Risk Writer for Wolters Kluwer Financial Services.
The Treasury has confirmed that plans to release details of banking reforms this spring are still on track.
It had been reported that the …
Risks specifically associated with compliance efforts, including compliance with applicable local, state and federal laws and regulations, third party guidelines, and internal controls, policies and procedures.
The assimilation of all risks that an organization must face and manage effectively to survive and thrive, including compliance, operational, financial risk and more.
The risk of financial and reputational losses as a result of financial crimes, including both internal and external fraud, as well as regulatory non-compliance risk tied specifically to anti-money laundering regulations.
The risk that a firm will not have adequate cash flow to meet financial obligations. This risk is primarily a function of the relative amount of debt that the firm uses to finance its assets.
Risks arising from the execution of a company’s business functions – specifically the risk of loss resulting from inadequate or failed internal processes, people and systems, or from external events.
Mike MacDonagh
Sr. Regulatory Consultant, Risk & Compliance, Wolters Kluwer Financial Services
Pam Ewing
Director of Professional Services, Insurance Compliance Solutions at Wolters Kluwer Financial Services
Edward Kramer
Executive Vice President, Regulatory Programs at Wolters Kluwer Financial Services
Kathy Donovan
Senior Compliance Counsel for the Insurance Compliance Solutions group at Wolters Kluwer Financial Services
