More Than Two-Thirds of North American Bankers Believe Regulatory Burdens and Data Latency Issues Consume Significant Portion of Resources
April 27, 2012 - Almost seven out of 10 (68 per cent) North American capital markets executives believe a significant portion of their firms' resources will be consumed by regulatory burdens and data latency issues, while 96 per cent admit that stress testing has not addressed all the important risks to the banking system, according to a recent survey by Sybase Inc., an SAP® Company (NYSE: SAP) and a leading provider of enterprise and mobile software.
Banks set to face easier US derivatives rules
April 23, 2012 - Major overseas banks may be made exempt from strict new US laws relating to derivatives, sources have indicated. In the near future, regulators are planning to implement legal changes with the intention of cutting the risk associated with derivatives in order to reduce the likelihood of any repeat of the recent monetary crisis.
Fed won't enforce Volcker Rule until 2014
April 19, 2012 - The Federal Reserve says banks will have two years to comply with a rule that would ban them from trading for their own profit. The so-called Volcker rule is expected to take effect this summer. But the Fed clarified Thursday that it won't enforce it until July 2014.
Regulators release new market infrastructure standards
April 16, 2012 - International banking and securities regulators have set out new and more demanding standards for operators of payments, clearing and settlement systems as part of an international effort to boost the resiliency of the financial markets.
Regulators release new market infrastructure standards
April 16, 2012 - The Committee on Payment and Settlement Systems (CPSS) and the Technical Committee of the International Organization of Securities Commissions (IOSCO) today published the final report on the Principles for Financial Market Infrastructures.
Tarullo: US banking stress tests may be changed
April 12, 2012 - Stress tests faced by banks in the US could be altered in the near future as the Federal Reserve seeks to improve this process. That is if comments made by Daniel Tarullo, a board member of the Fed, are anything to go by, as he has revealed the body is currently exploring ways in which this method of monitoring the performance of financiers could be enhanced.
SEC Charges Goldman, Sachs & Co. Lacked Adequate Policies and Procedures for Research “Huddles”
April 12, 2012 - The Securities and Exchange Commission today charged that Goldman, Sachs & Co. lacked adequate policies and procedures to address the risk that during weekly "huddles," the firm's analysts could share material, nonpublic information about upcoming research changes.
ISACA Issues COBIT 5 Governance Framework
April 10, 2012 - ISACA today released COBIT 5, the only business framework for the governance and management of enterprise IT. The new version of COBIT promotes seamless continuity between an enterprise’s IT department and its overall business goals, and represents a major evolution of the globally accepted framework in use at enterprises worldwide for more than 15 years.
