Basel Committee releases Basel III progress report
April 4, 2012 - The Basel Committee on Banking Supervision has published its second progress report on the Basel III capital adequacy implementation, ahead of the first deadline starting on 1 January 2013. The progress report tracks the implementation of Basel II, Basel 2.5 and Basel III by Committee member countries. It outlines the progress of individual member countries in transforming the Committee's regulatory standards into national law or regulation according to the internationally agreed timeframes.
US payments system failing to meet the needs of the digital economy
April 4 2012 - The Federal Reserve and US Congress urgently need to plug a public policy vacuum if the national payment infrastructure is to keep up with changes in the digital economy, according to a former senior Fed executive.
EU Parliament votes through OTC rules
March 29, 2012 - European lawmakers have approved tough new rules governing trading in the over-the-counter derivatives market.
GAO: More Work Remains for HUD to Implement Necessary IT Management Controls
March 29, 2012 - The GAO found taht HUD has made progress in implementing prior GAO recommendations on modernizing its IT environment; however more actions are needed. In 2009, GAO reported that HUD lacked key IT management controls; which are essential to achieving successful outcomes.
Barclays 'forced to issue FSA apology'
March 19, 2012 - A major UK bank has issued a formal apology to the Financial Services Authority (FSA) body after it emerged it had broken the regulator's rules.
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.
Commission proposes EU-wide settlement overhaul
March 7, 2012 - The European Commission is promising to shake up cross-border securities settlement in the EU by cutting settlement timeframes and establishing a common regulatory framework for the region's 30+ central securities depositories.
NAB working to set cloud security standards
March 2, 2012 - National Australia Bank is formulating a set of standard service level agreements that may be used by companies worldwide for securing data in public and private cloud applications.
