The Committee on Payments and Market Infrastructures (CPMI), the global standard setter for payment, clearing, settlement and related arrangements, laid out a strategy to improve the security of wholesale payments that involve banks, financial market infrastructures and other financial institutions.
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F.H. Bertling Ltd and six current and former employees have been convicted of conspiracy to make corrupt payments to an agent of the Angolan state oil company, Sonangol, in relation to F.H. Bertling’s freight forwarding business in Angola and a contract worth approximately $20m. One defendant was acquitted of the charges.
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The Eurosystem has a clearly defined objective, enshrined in the Treaty, to preserve price stability in the euro area.[1] The Treaty does not speak of eligible counterparties, collateral haircuts or issue share limits for bond purchases. However, you would be mistaken in assuming that managing financial risks has no role in the Eurosystem’s monetary policy implementation – especially in the light of the significant balance sheet expansion over the past few years. On the contrary, we have applied the guiding principles of our financial risk management framework in a stable manner. We established these principles long before we embarked on non-conventional policies, not least because we have a statutory obligation to lend only against adequate collateral. We continue to apply them to standard as well as non-standard policy measures.
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In 2018 the new GDPR (EU General Data Protection Regulation) will take act. GDPR enhances the protection of individuals with regard to processing and moving of personal data. This causes organizations to review and adjust their operational processes, which is often seen as a hurdle. But if you approach these regulatory changes regarding GDPR not as necessities, but rather as opportunities, they will lead to significant benefits for your business.
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The conference coincides with the tenth anniversary of the start of the global financial crisis in the summer of 2007. The crisis shook the European Union to the core, and required substantial policy actions to stabilise the economy and the financial system. With a return to stability having been achieved, it is important that we take time to reflect on what we have learnt, what we have achieved over the past ten years, and where we need to do further work.
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This year, a wider group of European Institutes of Internal Auditors have taken a more ambitious approach, interviewing Chief Audit Executives (CAEs) from major organisations in six European countries – France, Italy, the Netherlands, Spain, Switzerland and the UK – to home in on key themes requiring the attention of internal audit to mitigate risk and protect and add value in their organisations.
These Hot Topics were identified through in-depth, qualitative interviews with CAEs across a diverse range of critically important sectors – construction/infrastructure, financial services, IT, manufacturing, public sector, retail/consumer, telecoms and utilities/energy – and from organisations that truly lead these industries. To put this into perspective, these organisations have an aggregate market capitalisation in excess of €724bn, revenues of over €441bn, employ more than 1.86 million staff and are present in no less than 173 countries. In the financial services sector alone, the CAEs represent internal audit functions in firms collectively worth €325bn and turning over upwards of €207bn.
This whitepaper provides knowledge and insights as an invaluable snapshot of the thinking of leading internal audit professionals across Europe.
Within political and administrative sciences generally, trust as a concept is contested, especially in the field of regulatory governance. This groundbreaking book is the first …
Overnight benchmark interest rates are important for financial markets and monetary policy implementation. ECB overnight rate will complement existing benchmark rates produced by the private sector and serve as a backstop to private sector benchmark rates. The preparations for rate to be finalised before 2020, including industry consultation.
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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…
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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)
Introduction Aware of the ins and outs of the CSRD in one day During this practical day, you will learn everything about the CSRD quickly…
The EIB, the European Union’s bank, is seeking to recruit for its Group Risk & Compliance Directorate – Regulation and EIB Group Risk Department –…
Language:English
ISBN:9791280623188
Price:€ 34.95 (Paperback)
The book introduces the key elements contributing to entrepreneurial vitality and sustainability in the medium and long term with a specific focus on digital transformation….
This book introduces to basic and advanced methods for credit risk management. It covers classical debt instruments and modern financial markets products. The author describes …
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