Banking

Read the latest Banking articles, news and commentary from industry experts focused on the risks facing compliance and risk professionals. More articles »

Insurance

Read the latest Insurance articles, news and commentary from industry experts focused on the risks facing compliance and risk professionals. More articles »

Securities

Read the latest Securities articles, news and commentary from industry experts focused on the risks facing compliance and risk professionals. More articles »

Compliance Risk, Featured »

NAO says UK regulators must show that increased regulatory costs are achieving value
April 17, 2014 – 8:36 am | Be the first to comment on this story.

91By Sharon Williams, Wolters Kluwer Financial Services’ contributor.

An audit of the regulation of Financial Services by the National Audit Office (NAO) has found that the costs of the two new financial regulators are 24 per cent higher than those of their predecessor. Read the full story »

Does your firm know what’s in your FMI recovery plans?
April 15, 2014 – 4:27 am | Be the first to comment on this story.
Does your firm know what’s in your FMI recovery plans?

By Selwyn Blair-Ford, Head of Global Regulatory Policy, Wolters Kluwer Financial Services
In August 2013, the Committee on Payments and Settlement Systems (CPSS) and the International Organization of Securities Commissions (IOSCO) published their report on Recovery …

Virtuous compliance – the single euro payments platform is around the corner
April 15, 2014 – 4:24 am | Be the first to comment on this story.
Virtuous compliance – the single euro payments platform is around the corner

By Selwyn Parker, Wolters Kluwer Financial Services’ contributor.
Forget about Basel III and all the other regulatory reactions of the post- 2008 crisis world. While the repair work goes on, the banks and their hundreds of …

FCA details its focus for the next year
April 15, 2014 – 4:17 am | Be the first to comment on this story.
FCA details its focus for the next year

By Sharon Williams, Wolters Kluwer Financial Services’ contributor.
On 31 March 2014 the Financial Conduct Authority (FCA) published its Risk Outlook and Business Plan for 2014/15. Together these two documents are an important read for regulated …

The importance of being earnest: grasping what matters to the UK conduct regulator under its new supervision model
April 11, 2014 – 5:50 am | Be the first to comment on this story.
The importance of being earnest: grasping what matters to the UK conduct regulator under its new supervision model

By Steve Blackbourn, Wolters Kluwer Financial Services’ contributor.
The Financial Conduct Authority (FCA), as the UK’s conduct regulator, continues to share and promote its development and application of its own supervisory style and substance. An important …

A Brave New World of Regulatory Oversight: Four Areas of CFPB Scrutiny
April 10, 2014 – 4:45 pm | Be the first to comment on this story.
A Brave New World of Regulatory Oversight: Four Areas of CFPB Scrutiny

Preparing for a world of heightened oversight can be tricky. Here are four key areas where you should expect to be scrutinized by the Consumer Financial Protection Bureau
Elvis was still a headliner when I was …

FREE WEB SEMINAR: Risk Management – Best Practices for Effective Monitoring and Testing
April 10, 2014 – 4:17 pm | Be the first to comment on this story.
FREE WEB SEMINAR: Risk Management – Best Practices for Effective Monitoring and Testing

Increase Overall Effectiveness of your ERM Program through Ongoing Monitoring and Testing of Controls.   Attend our Web Seminar on April 22nd at 2:00 PM (EST).  Register here.
Ongoing monitoring and testing of controls is a critical component …

Changes to address enforced data access and disclosures of past convictions
April 10, 2014 – 5:54 am | Be the first to comment on this story.
Changes to address enforced data access and disclosures of past convictions

By Steve Blackbourn, Wolters Kluwer Financial Services’ contributor.
The reform of requirements and arrangements for data protection being driven by Europe continues apace, and this will filter down into the UK environment and regime in due …

Shadow banking caught in the glare of the regulatory spotlight
April 4, 2014 – 6:18 am | Be the first to comment on this story.
Shadow banking caught in the glare of the regulatory spotlight

By Michael Imeson, Wolters Kluwer Financial Services’ contributor.
Regulatory authorities around the world are continuing with their ambitious plans to tighten up the oversight and regulation of shadow banking, which will affect banks and non-banks alike.  …

Solvency II – The Consequence of Certainty
April 1, 2014 – 10:37 am | Be the first to comment on this story.
Solvency II – The Consequence of Certainty

By Edward Kennedy, Enterprise Sales Manager, Risk & Compliance – UK, Wolters Kluwer Financial Services.
On 11 March 2014, the European Parliament voted in favor of the Omnibus II directive. This marks the first time that …

Regulatory Radar – Issue 26: April 2014
April 1, 2014 – 10:33 am | Be the first to comment on this story.
Regulatory Radar – Issue 26: April 2014

Steve Blackbourn takes a glance at key regulatory events, developments and publications issued during the month of March 2014.
In this edition of the Wolters Kluwer Financial Services’ Regulatory Radar Steve looks at:
 
 
 

Prospect Analysis of Private Banks in China
March 31, 2014 – 4:36 pm | Be the first to comment on this story.
Prospect Analysis of Private Banks in China

On March 11, 2014, the China Banking Regulatory Commission (CBRC) approved 10 private enterprises, including Alibaba Group, Wanxiang Group and Tencent Holdings as co-sponsors to establish the first five private banks in Tianjin, Shanghai, Zhejiang and Guangdong. In principle, each private bank should be established by two joint sponsors. Sponsors of private banks are the strongest private enterprises in China and must have rich experience in finance, investment and financing operations before becoming eligible.

The new UK consumer credit regime is about to take-off
March 28, 2014 – 7:34 am | Be the first to comment on this story.
The new UK consumer credit regime is about to take-off

By Steve Blackbourn, Wolters Kluwer Financial Services’ contributor.
With some fifty thousand firms already holding an interim permission with the Financial Conduct Authority (FCA) to enable them to continue to undertake consumer credit activities beyond 1 …