The Risk & Compliance Platform Europe announces that in cooperation with our German partner, CO.IN Medien Verlaggesellschaft mbH, the German website has been launched. You can find all relevant news regarding risk and compliance issues in German on this website.
The Financial Conduct Authority (FCA) has today fined Mothahir Miah, a former Investment Analyst at Aviva Investors Global Services Limited (Aviva Investors), £139,000 and banned him from performing any function in relation to any regulated activity in the financial services industry for failing to act with honesty and integrity.
The Hague Security Delta (HSD) is the largest security cluster in Europe. In this Dutch cluster –with important regional hubs in The Hague, Twente, and Brabant– businesses, governments, and knowledge institutions work together on innovation and knowledge in the fields of cyber security, national and urban security, protection of critical infrastructure, and forensics. They share a common goal: more business activity, more jobs and a secure world.
Eurosystem publishes amended legal act to reflect the decision of the Governing Council of 3 September 2015 to increase the PSPP issue share limit, making the higher issue limit effective. Continue reading…
The European Securities and Markets Authority (ESMA) has elected three new members to its Management Board to replace outgoing members whose term expires in November this year. The election took place at the Board of Supervisors meeting in Luxembourg on 5 November and the successful candidates, who will serve a term of 2½ years beginning on 1 December 2015, are :
The European Central Bank (ECB) has today published the list of 39 euro area banks that will participate in the 2016 EU-wide stress test conducted by the European Banking Authority (EBA). The EBA will coordinate the exercise in cooperation with national authorities and the ECB. The overall exercise will examine a total of 53 banks across the EU. It will help the public and other stakeholders to compare and assess the resilience of the banks, notably their ability to absorb shocks and meet capital requirements under adverse macroeconomic conditions.
ECB Banking Supervision conducted a comprehensive assessment of the four significant Greek banks (Alpha Bank, Eurobank, National Bank of Greece and Piraeus Bank) in line with the decision by the Euro Summit on 12 July 2015 and the Memorandum of Understanding between the European Commission, acting on behalf of the European Stability Mechanism, the Hellenic Republic and the Bank of Greece, signed on 19 August 2015.
The global financial crisis and the aftermath that continues to unfold have created a justifiable obsession with stress among bankers and supervisors: how to prepare for it, guard against it and respond when it flares up by understanding the various sources of risk to which each institution is exposed and how the exposures interact with one another. The sharper focus has made stress testing a key component of the evolving global regulatory framework covering risk control, capital discipline and reporting.
The European Central Bank has today published the Report on Financial Structures (RFS) 2015. The RFS succeeds the Banking Structures Report (BSR) and covers not only the banking sector, but also other financial intermediaries, such as insurance corporations and pension funds (ICPFs), as well as non-bank and non-insurance financial intermediaries. Looking at interconnectedness across different parts of the financial sector, the report shows that banks and other financial intermediaries (OFIs) are the largest holders of loans. OFIs are also the largest counterparties. For debt securities, banks are both the largest holders and the largest counterparties. Continue reading…
The Financial Conduct Authority (FCA) recently published its response to the Competition and Market Authority’s (CMA) payday lending market investigation. In February 2015, the CMA proposed six remedies to improve competition in the payday lending market, following the introduction of a price cap for high-cost short-term credit (HCSTC) by the FCA last year.
1
Gone are the days when organisations could simply promise a speak up culture. Today, fostering a culture of trust, integrity, and a positive work environment…
Download whitepaperEconomic uncertainty has driven the perfect storm of interlocking risks described in last year’s Risk in Focus in new directions in 2023. Organisations are now…
Download whitepaper
Lieve LowetEU Affairs consultant and lobbyist
Elina Karpacheva Chair of the European Compliance Centre based in Sofia, Bulgaria
Ahsan HabibManager, AML Investigation - Correspondent Banking, Royal Bank of Canada
Michael AmadoLawyer in Paris / Lawyer in Canada
Alex MovchanAlex Movchan CIA CICA CFE is the President of the Institute for Internal Controls - Central and Eastern Europe
Elena PykhovaElena Pykhova is a thought leader, influencer and founder of a think tank, Best Practice Operational Risk Forum. 
Daniel VaknineCEO and Partner of Visslan
Nancy MehradAuthor and the CEO and Founder of Registrant Law Professional Corporation
Ajay KataraConsulting Partner and Head the RegTech Portfolio in Banking Risk Management area at Tata Consultancy Services (TCS)