September 26, 2012 - Regulators around the world must not rest on their laurels when it comes to implementing reforms in the banking industry, a new report has urged.
September 21, 2012 - The Basel Committee in Switzerland has published the results of its Basel III monitoring exercise, a study based on rigorous reporting processes set up by the Committee to periodically review the implications of the Basel III capital adequacy standards for financial markets, and ultimately their corporate clients.
September 21, 2012 - Lloyds' former head of fraud and security for digital banking has received a nine-year jail sentence after pleading guilty to stealing £2.4 million from the UK banking group.
September 21, 2012 - Knight Capital Group is looking for a new chief technology officer and operational and technology risk manager in a management shake-up at the firm which sustained $440 million in losses following a rogue trading software update.
September 19, 2012 - Financial Tracking Technologies LLC released the results of its annual Costs of Compliance and Risk Benchmarking Study 2012. Key facts of the study showed that, even though highly affordable automated solutions exist, over 80% of risk and compliance tasks are still being performed manually and costs of risk and compliance are going up at 40% of participants.
September 19, 2012 - A spate of attacks on US financial institutions has seen criminals obtaining bank employee login details through phishing and keylogging and using the information to wire themselves hundreds of thousands of dollars, the FBI is warning.
September 19, 2012 - Financial Tracking Technologies LLC released the results of its annual Costs of Compliance and Risk Benchmarking Study 2012. Key facts of the study showed that, even though highly affordable automated solutions exist, over 80% of risk and compliance tasks are still being performed manually and costs of risk and compliance are going up at 40% of participants.
September 18, 2012 - Threats to the security of mobile devices and the information they store and process have been increasing significantly. For example, the number of variants of malicious software, known as "malware," aimed at mobile devices has reportedly risen from about 14,000 to 40,000 or about 185 percent in less than a year.
