SEC sets out new tech rules
March 8, 2013 - The Securities and Exchange Commission has approved new rules governing IT policies and procedures at 'key market participants', in an effort to better insulate the markets from vulnerabilities posed by systems technology issues.
Chartis Research Report Highlights Wolters Kluwer Financial Services’ EGRC Solutions
March 5, 2013 - Chartis Research has issued a new Vendor Highlights report focused on Wolters Kluwer Financial Services and its comprehensive Enterprise Governance, Risk and Compliance (EGRC) platform ARC Logics. Chartis recently ranked Wolters Kluwer Financial Services as a Category Leader and one of the strongest providers serving the financial services industry in its most recent Enterprise GRC Technology Solutions report.
Basel Committee 'considering capital requirement reforms' and issues FX guidance
February 18, 2013 - Major banks could be forced to markedly increase the amount of capital they hold against their trading assets, it has emerged.
GAO: Financial Crisis Losses and Potential Impacts of the Dodd- Frank Act
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.
EU banks may have to be first to implement Basel III reforms
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.
Focus on Governance is Ironically Harming Risk Culture in Boardrooms, says Reuters
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8, 2013 - The increasing prevalence of corporate governance, more stringent regulatory processes post-crash and outdated structures are all preventing boards at all types of organisations from adequately engaging in and setting appropriate risk management cultures within their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.
Banks Believe Dodd-Frank 1073 Will Have Negative Impact, According to Fundtech Survey
January 29, 2013 - Nearly 90% of respondents expect Dodd-Frank 1073 to have extremely or somewhat negative impact on payments business; Over half of banks believe 1073 will either have no benefit or a more negative impact.
Bank Capital Planning Behind the Curve in Helping to Address Regulation
January 22, 2013 - New research undertaken by Chartis Research on behalf of SunGard, has found that although banks around the world are placing greater emphasis on capital planning and stress testing to help successfully address regulations like Basel III, 45% still do not have well-formulated and defined plans in this area.
