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. 

SEC Adopts Net Worth Standard for Accredited Investors Under Dodd-Frank Act

In accordance the requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act 2010, the Securities and Exchange Commission has amended its rules to exclude the value of a person’s home from net worth calculations used to determine whether an individual may be classified as an “acc
Originally Published: 
Wednesday, December 21, 2011

SEC Proposes Rules for Registration of Securities-Based Swap Dealers and Major Security-Based Swap Participants

In accordance with the requirements of Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act 2010, the Securities and Exchange Commission ("SEC") has proposed rules that lay out the process by which security-based swap dealers and security-based swap participants must
Originally Published: 
Wednesday, October 12, 2011

SEC Jointly Proposes Prohibitions and Restrictions on Proprietary Trading ("Volcker Rule")

As required by Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act 2010, the Securities and Exchange Commission together with the Federal Deposit Insurance Corporation, the Federal Reserve Board, and the Office of the Comptroller of the Currency, has voted to propose a rule
Originally Published: 
Wednesday, October 12, 2011

SEC Proposes Rule to Prohibit Conflicts of Interest in Certain Asset-Backed Securities Transactions

As required by Section 621 of the Dodd-Frank Wall Street Reform and Consumer Protection Act 2010, the SEC has voted to propose a rule intended to prohibit certain material conflicts of interest between those who package and sell asset-backed securities (“ABS”) and those who invest in them.
Originally Published: 
Monday, September 19, 2011

Pages

Show all related resources for Internal Risk Management