FCA releases Anti Money Laundering report

The UK Financial Conduct Authority (FCA) has released its first annual report into Anti Money Laundering (AML).  The report covers the FCA’s rights and responsibilities with respect to AML as well as looking at trends and emerging risks. Some sections of the report make disturbing reading from the perspective of financial institutions’ risk management.  The […]

When Operational Risk becomes a way of life

In a timely reminder that we can never become complacent about the consequences of operational risk the UK’s Serious Fraud Office has announced that two brokers have been charged with conspiracy to defraud in connection with the rigging of LIBOR rates.  The LIBOR story which has already seen some banks face hefty fines is a […]

Shining the spotlight on Corporate Governance

IFSB (the Islamic Financial Services Board) and INCEIF (The Global University of Islamic Finance) have just announced the confirmed speakers for their second Executive Forum on Islamic Finance.  Entitled “Towards Strengthening Corporate and Sharī`ah Governance in Islamic Banks” the forum is being held in Kuala Lumpur, Malaysia on 26-27 August. Speakers for the event include […]

Corporate Governance practices in the UAE

In 2007, the Securities and Commodities Authority (SCA) issued the Corporate Governance Code expanding the governance rules and regulations to any company, domestic or foreign, whose shares are listed on UAE stock exchanges. Two years later, the Minister of Economy issued a resolution (No 518) amending SCA’s code and providing a more comprehensive set of corporate governance […]

OTC Derivatives Markets are predicted to grow in Asia

The over-the-counter (OTC) derivatives markets are poised for further growth in Asia, according to a report published today by the International Swaps and Derivatives Association, Inc. (ISDA) at the outset of its 28th Annual General Meeting, which is being held in Singapore. The report, The Asian OTC Derivatives Markets, was prepared for ISDA by Celent, a division of Oliver […]

Why Managing Operational Risk is so important?

By Stanley Epstein One of the most misunderstood terms, especially when one relates it to banking, is that little word “risk”. Banks, like any other firms or even individuals are exposed to many different forms of risk. This short article will explain what risk is and some of the different types of risk that banks […]

Need for higher spending on risk management and compliance in the financial sector

According to the latest study conducted by Kinetic Partners and published on Private Equity Wire, nearly one third of financial service CEOs think that senior management should be spending more on risk management and compliance. When it comes to CROs this number increases to 43%. The delegates attending our courses seem to be sharing this opinion. […]

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