Internal Audit Function Needs Greater Support, says Survey
July 11, 2012 - Internal audit practitioners globally report that more visible and vocal support for the internal audit function is needed from senior management within their organizations as the changing demands of today's regulatory and risk environment are putting them under increasing pressure to do more with less, according to a new survey by Thomson Reuters.
CFTC Approves Phased Compliance Proposal for Certain Swap Regulations
June 29, 2012 - The Commodity Futures Trading Commission (Commission) today voted to propose a phased compliance program regarding certain swaps to non-U.S. swap dealers, non-U.S. major swap participants, U.S. swap dealers, U.S. major swap participants, and foreign branches of U.S. swap dealers and U.S. major swap participants.
US watchdog launches public credit card complaint database
June 19, 2012 - The US Consumer Financial Protection Bureau (CFPB) has launched a public online database of complaints against credit card companies.
Investment Firms Cooperate to Cut the Cost of Compliance
May 24, 2012 - With at least 10 major pieces of regulation approaching, containing tens of thousands of pages of rules, international investment firms are facing a deluge of expensive and repetitive regulatory activity.
International Compliance Association launches new cyber security qualification
May 22, 2012 - The International Compliance Association (ICA) announces the launch of a brand new qualification: the ICA Advanced Certificate in Cyber Security.
Fitch: Banks could need extra $566bn in capital
May 18, 2012 - Major banks across the world could need to raise an additional $566 billion in capital in order to comply with the new Basel III regulations.
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.
Legacy infrastructure will fail to meet regulatory compliance objectives
March 14, 2012 - INTERXION HOLDING NV (NYSE: INXN), a leading European provider of carrier-neutral colocation data centre services, today announced the results of an independent study and whitepaper by financial industry think-tank, JWG. The research is focused on the impact of anticipated regulation of the financial services industry on the ICT infrastructure requirements of banking and insurance firms across Europe.
