Andrew Bailey is currently the Deputy Governor for Prudential Regulation at the Bank of England and Chief Executive Officer of the Prudential Regulation Authority. Andrew is expected to take up the role in July 2016.
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by Xavier Verhaeghe

This is probably the coolest time in the history of IT. The sheer number of exciting projects which transform companies or complete industries is astonishing. And many of those transformations are enabled by new innovative uses and capabilities of information technology.

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PA Consulting Group has launched a new tool to help companies ensure their talent is fit for purpose, both now and in the future. Talent Gene is a suite of online tools based on extensive research with leading companies. It provides a unique multi-layered system that enables organisations to improve the way they manage the attraction, retention and development of talent.

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The Basel Committee on Banking Supervision has today issued the revised minimum capital requirements for market risk as agreed by its oversight body – the Group of Governors and Heads of Supervision (GHOS). The revised market risk framework is a key component of the Basel Committee’s overall efforts to reform global regulatory standards in response to the global financial crisis. Continue reading…

The Dubai Financial Services Authority (DFSA) has deprecated MAS Clearsight Limited (MAS) and requires MAS to pay compensation of USD 3,200,000 (AED 12,044,800) to 20 investors for breaching DFSA’s Law and Rules.  Continue reading…

The Board of Directors of the Bank for International Settlements (BIS) has appointed Stephen S. Poloz as Chair of the BIS Consultative Council for the Americas (CCA). Mr Poloz is Governor of the Bank of Canada. Mr Poloz’s appointment is for a term of two years as from 9 January 2016.

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Airmic has produced its long-awaited guide to the Insurance Act, which is being sent to all members and partner organisations. The key message to risk managers is that it is up to them to take control of the buying process. The guide urges corporate insurance buyers to start preparing for the Act now, instead of waiting until August when it comes into force or for their brokers and underwriters to give them the necessary advice.

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Bas Brouwers will join Rabobank on 1 January 2016 as Chief Financial Officer (CFO). The regulators have given their approval for the appointment. From 1 January 2016 Wiebe Draijer, chairman of the Executive Board, will take on the role of Chief Risk Officer (CRO) ad interim. Bert Bruggink, whose tasks as Chief Financial and Risk Officer (CFRO) are to be split, will step down as CFRO on 31 December 2015. He will continue to work for Rabobank in an advisory capacity to the Executive Board.

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Luca Paolini

The Fed’s decision to raise interest rates for the first time in almost a decade does not in itself bring the curtain down on an era of ultra-loose monetary policy. Nor should it prevent stocks from moving higher over the coming months. Continue reading…

As of 1 January 2016, Wim Kuijken will be appointed as independent Chairman of the Board of The Hague Security Delta Foundation. He will succeed Jozias van Aartsen, Mayor of The Hague. This fits the new governance of HSD and the further establishment of HSD as national security cluster with three important regions: Brabant, Twente and The Hague. The appointment marks the next phase in the development of HSD.

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