The EU-US data protection “Umbrella agreement ” negotiations are finalised and the agreement has just been intitialled. It puts in place a comprehensive high-level data protection framework for EU-US law enforcement cooperation. The Agreement covers all personal data (for example names, addresses, criminal records) exchanged between the EU and the U.S. for the purpose of prevention, detection, investigation and prosecution of criminal offences, including terrorism.
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Robeco Group announced the departure of Roderick Munsters, who will resign as Chief Executive Officer and member of the Management Board. Mr. Munsters will leave once a smooth handover to his successor has been completed. Continue reading…

SimCorp recently announced the appointment of Martin Engdal as Dierctor, Global Product Marketing. Martin Engdal has almost 20 years of experience in the investment management and financial services industry.

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Christopher Woolard

It scarcely needs saying that few issues in the UK matter more to the general public than homeownership. As a nation, we consume huge amounts of information about property. We are borrowing more. And we’re spending increasing amounts of disposable income on homes. For mortgage leaders today of course – in business and regulation, as well as in politics – those trends create a number of important questions. Some are questions rooted in the origins of the financial crisis. Others very micro and personal.
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The Supervisory Board has nominated Carin Gorter and Bas Brouwers as members of the Executive Board of Rabobank Nederland. Both nominations will be submitted for regulatory review and for advice from the Works Council. Carin Gorter will become Chief Risk Officer (CRO) and Bas Brouwers will take up the role of Chief Financial Officer (CFO). The existing role of Chief Financial and Risk Officer, currently held by Bert Bruggink, will be split.
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Julia Graham

Boards have a growing responsibility for risk oversight, opening exciting opportunities for risk managers. But the risk profession must demonstrate it has the skills to meet the changing needs of businesses.

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Some recent regulatory actions from the US Securities and Exchange Commission were settled by the following financial institutions.
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Egypt enacted Law no. 95 of 2015 for Confronting Terrorism. When deemed to have set up or to be leading a terrorist organization, death penalty will be mandatory, trial will take place in specialized courts closed to the public and public prosecutors will have expanded surveillance powers. Continue reading…

Visa Europe has appointed Albrecht Kiel as Managing Director for Central Europe as per 1 October 2015. He will continue to strengthen the regional business in Germany, Austria, Switzerland, Belgium, the Netherlands and Luxembourg and drive Visa Europe’s growth in those markets. Albrecht Kiel succeeds Ottmar Bloching, who is leaving the company on 30 September 2015 to join the management of Deutsche Sparkassenverlag. Continue reading…

Velocimetrics, a provider of real-time business flow performance monitoring and analysis solutions, today announces the availability of a new range of high performance appliances, all of which offer significantly increased storage capacity.

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