IOSCO Report on the Trading of OTC Derivatives
The International Organisation of Securities Commissions has released a report which analyses the trading of over-the-counter derivatives.
Originally Published:
Friday, February 18, 2011
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.
Implementation of the IOSCO Credit Rating Agencies Principles
The purpose of the report was to evaluate, in light of the 2003 IOSCO Principles Regarding the Activities of Credit Rating Agencies, several of the recent regulatory initiatives that impact or will shortly impact credit rating agencies whose ratings are used for regulatory purposes in multiple juris
Originally Published:
Thursday, February 24, 2011
IOSCO Discussion Paper on Mitigating Systemic Risk
The International Organisation of Securities Commissions has released a paper which aims to promote discussion among regulators on the ways systemic risk comes under their mandates, and to give them insights into how they can identify, monitor, mitigate and manage systemic risk.
Originally Published:
Thursday, February 24, 2011
IOSCO Commodity Derivatives Markets Supervisory Principles
The International Organisation of Securities Commisisons Commodity Derivatives Markets Supervisory Principles, which update and add to the 1997 Tokyo Communiqué, were developed in response to contemporary trends in commodity derivatives markets.
Originally Published:
Thursday, September 15, 2011
IOSCO Recommendations to Promote Market Integrity and Efficiency to Mitigate Risks by Technological Developments
The International Organisation for Securities Commissions analyses the most significant technological developments and related micro-structural issues that have arisen in financial markets in recent years, notably high frequency and algorithmic trading, and their impact on market structure, particip
Originally Published:
Thursday, October 20, 2011
Financial Services Authority Report on the Failure of the Royal Bank of Scotland
The Financial Services Authority has published its Board’s Report on “The Failure of the Royal Bank of Scotland” which describes the errors of judgement and execution made by Royal Bank of Scotland executive management which resulted in its failure.
Originally Published:
Monday, December 12, 2011
Financial Services Authority Consultation on Structured Product Development and Governance
The Consultation sets out the Financial Services Authority’s proposed guidance to product providers on their internal systems and controls relating to the development, design, marketing and distribution of structured products.
Originally Published:
Wednesday, November 2, 2011
European Banking Authority Recommendation on Banks’ Recapitalisation Needs
The European Banking Authority has published a Recommendation, relating to banks’ recapitalization needs as part of a broader European package agreed by the European Council in October 2011 to address the current situation in the EU by restoring stability and confidence in financial markets.
Originally Published:
Thursday, December 8, 2011
Financial Services Authority Consults on Raising Consumer Awareness on Depositor Protection
The Financial Services Authority has released a consultation paper to address concerns regarding low consumer awareness with regard to depositor protection.
Originally Published:
Wednesday, December 14, 2011
Evidence to the Treasury Select Committee on the Report by the Financial Services Authority into the Failure of the Royal Bank of Scotland
The House of Commons’ Treasury Select Committee has published a memorandum of advice by Bill Knight and Sir David Walker, as specialist advisers to the Treasury Select Committee, on the Financial Services Authority's report on the Failure of the Royal Bank of Scotland.
Originally Published:
Monday, December 12, 2011