February 14, 2013 - The 2007-2009 financial crisis has been associated with large economic losses and increased fiscal challenges. Studies estimating the losses of financial crises based on lost output (value of goods and services not produced) suggest losses associated with the recent crisis could range from a few trillion dollars to over $10 trillion.

February 12, 2013 - Banks based in the European Union (EU) may be required to comply with a key aspect of the Basel III regulations before their counterparts elsewhere across the globe.

February 12, 2013 - MetricStream today announced that it has been named as a company with strong IT Governance, Risk, and Compliance (GRC) solutions in the KuppingerCole Vendor Report titled "MetricStream: Bridging the Gap Between Business GRC and IT GRC." The report has been published by KuppingerCole, a leading Europe-based analyst company for information security both in classical and cloud environments.

February 11, 2013 - The internal auditing process at British banks should be tougher in the aftermath of the global economic downturn.

February 8, 2013 - The increasing prevalence of corporate governance, more stringent regulatory processes post-crash and outdated structures are all preventing boards at all types of organisations from adequately engaging in and setting appropriate risk management cultures within their firms, claims a new Thomson Reuters survey.

February 7, 2013 - Wolters Kluwer Financial Services announced today that it has won the 2013 European CEO Risk & Compliance Award for "Best Compliance Management Provider." The annual awards, determined by the publication's 50,000-strong readership as well as a panel of expert judges, recognize excellence in the practice of financial risk and compliance.

February 6, 2013 - The US Federal Reserve Bank has confirmed that an internal database of US bank contacts was hacked just days after the Anonymous collective leaked the names, addresses and other personal information of around 4,000 bank executives.