The Financial Conduct Authority (FCA) has banned Mr Peter Johnson, former compliance officer of Keydata Investment Services Ltd (Keydata), from performing any function in relation to any regulated financial activity and publicly censured him. Were it not for Mr Johnson’s serious financial hardship, the FCA would have fined him £200,000.
Continue reading…
In a case brought by the Financial Conduct Authority (FCA) and following a three-month trial at Southwark Crown Court, two defendants – a senior investment banker and a Chartered Accountant – have been convicted of conspiring to insider deal between November 2006 and March 2010. Three other defendants, Andrew Grant Harrison, Ben Anderson and Iraj Parvizi, have been acquitted.
Continue reading…
To follow IFRS 9 protocols, firms will be required to exercise judgment throughout the organization, evaluating internal developments and the wider economic and financial backdrop. The unique skills, perspective and outlook that each department, most notably Finance and Risk, brings to the task makes it one that’s best accomplished between them, working together, not just within them.
This is when the collaborative thinking incorporated into IFRS 9 will reveal its value most clearly. Our latest white paper outlines how – if all centers of leadership act in concert – an institution can comply successfully with, and benefit from, IFRS 9.
Last Friday, the Financial Stability Board (FSB) hosted in Basel, the tenth meeting of the FSB Regional Consultative Group for Europe (RCG Europe) under the co-chairmanship of Anne Le Lorier, First Deputy Governor, Banque de France (see photo) and Jon Nicolaisen, Deputy Governor, Norges Bank. At their meeting, members of the FSB RCG Europe discussed the progress made by two working groups set up by the RCG Europe. One has reported on Nordic experiences of cooperation on cross-border regulation and crisis resolution. The other will start its work on private pension schemes resilience.
Continue reading…
Presentation by Mr Claudio Boro, Head of the Monetary and Economic Department of the BIS, at the Seventh high-level SNB-IMF conference on the international monetary system in Zürich on 10 May 2016. Continue reading…
The decision to produce Airmic’s guide to scenario analysis – and support it with a member-only seminar at the annual conference reflects the growing professionalisation of risk management in general and commercial insurance in particular.
Today, the Central Bank of Nigeria hosted the ninth meeting of the Financial Stability Board (FSB) Regional Consultative Group (RCG) for Sub-Saharan Africa in Abuja, Nigeria. At the meeting, members of the FSB RCG for Sub-Saharan Africa began by reviewing the FSB’s work plan and 2016 priorities, namely: promoting full, consistent and timely implementation of the international financial reforms; finalising the design of the remaining post-crisis reforms; and addressing new risks and vulnerabilities. Continue reading…
The Association of Certified Anti-Money Laundering Specialists (ACAMS), announces the appointment of Samantha Sheen as its Director of AML for Europe. Highly regarded as a commercially astute international financial regulatory, crime and risk management expert, Samantha Sheen has developed a strong reputation for excellence at interpreting and applying regulatory strategies, developing robust organisational and procedural policy architecture and implementing global sanctions compliance.
The Bank for International Settlements (BIS) today released OTC derivatives statistics at end-December 2015. Global OTC derivatives markets saw a broad-based decline in activity in the second half of 2015. The notional amount of outstanding contracts fell by 11% between end-June 2015 and end-December 2015, from $552 trillion to $493 trillion. Trade compression to eliminate redundant contracts was a key driver.
Continue reading…
The SEC froze assets of a ski resort steeped in fraudulent EB-5 offerings. They froze the assets of a company based in Vermont for improperly using money collected from an immigration program, hence, committing fraud. The investors’ money was used illegitimately for developing projects of “ski resort facilities and a biomedical research facility”. The amount totalled 350 million dollars.
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)
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….