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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 »
By Ming Soong Tham, Wolters Kluwer Financial Services’ contributor.
“No army can withstand the force of an idea whose time has come.” – Victor Hugo
The technology industry is awash with catch phrases such as big data, on-demand analytics, cloud computing and high performance analytics. Such technology underscores how quickly the world we live in is changing. Computing capacity and data are growing at breakneck speed. Some experts have estimated that by 2020, the amount of data generated would be some 44 times that in 2009. Indeed we have entered an era where we are swamped with a tsunami of information. The challenge is to harness the power of all this information. There is no avoiding this era of Big Data. How will this impact the way the financial services industry will operate? Read the full story »
By Joost Roelin, Director of Product Management, Wolters Kluwer Financial Services.
Over the past few years, the financial services industry has witnessed an influx of new regulations such as CRD IV, COREP, FINREP, FATCA, Solvency II …
Amidst all the change that banks are going through, perhaps the most fundamental is the work they are doing – and are being forced to do by legislators and regulators – to improve their standards …
By Selwyn Parker, Wolters Kluwer Financial Services’ contributor
For the big-banking community it’s the US$3 trillion headache. That’s how much high-quality liquidity – cash and other eligible assets – the boffins at Basel think the banks …
By Brian Browdie
More than 60% of the banks still remaining in the Troubled Asset Relief Program have been labeled “problem” institutions by the Federal Deposit Insurance Corp., casting doubt on their ability to repay the …
By Rachel Witkowski, community banking reporter at American Banker
WASHINGTON — A Maryland community bank that was recently cited by regulators for lending policies that allegedly favored minorities and women has become proof for some of …
By Adam Samuel, Wolters Kluwer Financial Services’ contributor.
Last month’s launch of the FCA brought a number of surprises. Perhaps, the one with the greatest long-term impact was an occasional paper on encouraging consumers to claim …
By Sue Berwick, Wolters Kluwer Financial Services Europe
So how was it for you? It felt like we’d been waiting for the advent of the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (PRA) forever …
By Selwyn Parker, Wolters Kluwer Financial Services’ contributor.
When no less than four separate departments in China cracked down on the shadow banking system in April 2013, it marked the start of what many believe is …
By Steve Blackbourn, Wolters Kluwer Financial Services’ contributor.
As part of the European regulatory reforms concerning trades and reporting involving derivatives, central counterparties and clearing houses (CCP’s) and also trade repositories new and changed requirements are …
By Michael Imeson – Founder and Director of Financial & Business Publications and regular Wolters Kluwer Financial Services contributor.
Understanding the Banking Reform Bill
The Government’s Banking Reform Bill now going through Parliament will force the biggest …
By Adam Samuel, Wolters Kluwer Financial Services’ contributor.
The recent announcement about UK interest-only loans suggested that the Financial Conduct Authority was going to take steps of significance to deal with growing concerns about interest only mortgages. …
By David Thetford, Wolters Kluwer Financial Services
To paraphrase an old rhyme my mother said to me all my life as I was growing up, “spring is sprung, the grass is ris’; wonder where the rules …
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 B. Kramer
Executive VP, Regulatory Affairs Wolters Kluwer Financial Services
Kathy Donovan
Senior Compliance Counsel for the Insurance Compliance Solutions group at Wolters Kluwer Financial Services
