Internal Risk Management
Internal control systems are central to the identification and evaluation of risk. Following the collapse of Enron, it became a legislative requirement for auditors to provide assurance that publicly listed corporations in the United States had effective internal control systems (Sarbanes-Oxley, s. 404). The limitations of risk managmeent became a critical issue in legislative hearings in both the United States and elsewhere in the aftermath of the Global Financial Crisis. This series explores the strucutral reasons for the flaws and regulatory and corporate responses.
Transacting Costs: Cultural Dynamics at Barclays
Independent Review Released About Barclays' Business Practices
An independent review into Barclays' business practices has been released.
Originally Published:
Wednesday, April 3, 2013
Drawn to the Light: Will the EU Plan for Capping Bonuses Work?
Financial Services Authority Consults on New Funding Model Review for the FSCS
The Financial Services Authority (FSA) has proposed changes to the funding of the Financial Services Compensation Scheme (FSCS) which will continue to provide important reassurance to consumers but could reduce the likelihood of interim levies and offer firms more certainty in the level of fees they
Originally Published:
Wednesday, July 25, 2012
Opening the Kimono: The Risk of JP Morgan's Exposure
Federal Reserve Board Reports to Congress on Risk Retention
Section 941(c) of the Dodd–Frank Wall Street Reform and Consumer Protection Act 2010 requires that the Federal Reserve Board conduct a study on the effect of the new risk retention requirements to be developed and implemented by the federal agencies.
Originally Published:
Tuesday, October 19, 2010
Financial Stability Oversight Council Reports on Macroeconomic Effects on Risk Retention Requirements
Section 941 of the Dodd-Frank Wall Street Reform and Consumer Protection Act 2010 imposes credit risk retention requirements, under which securitizers, and, in certain circumstances, originators of asset-backed securities must retain not less than 5 percent of the credit risk for any asset unless th
Originally Published:
Tuesday, January 18, 2011
Financial Stability Oversight Council Releases Study On Concentration Limits on Large Financial Companies
Section 622 of The Dodd-Frank Wall Street Reform and Consumer Protection Act 2010 establishes a financial sector concentration limit that generally prohibits a financial company from merging or consolidating with, or acquiring, another company if the resulting company’s consolidated liabilities woul
Originally Published:
Tuesday, January 18, 2011
SEC Releases Study on Enhancing Investment Adviser Examinations
Section 914 of The Dodd-Frank Wall Street Reform and Consumer Protection Act 2010 mandates that the Securities and Exchange Commission conduct a study to review and analyze the need for enhanced examination and enforcement resources for investment advisers.
Originally Published:
Wednesday, January 19, 2011