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. 

US Regulatory Agencies Seek Public Comment on Risk Retention Proposal

In accordance with the risk-retention requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act 2010, six federal agencies are seeking public comment on a proposed rule that would require sponsors of asset-backed securities to retain at least 5 percent of the credit risk of the a
Originally Published: 
Thursday, March 31, 2011

US Regulatory Agencies Seek Comment on Proposed Rule on Incentive Compensation

Pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act 2010, federal financial regulatory agencies have requested public comment on a joint proposed rule to ensure that regulated financial institutions design their incentive compensation arrangements to take account of risk.
Originally Published: 
Wednesday, March 30, 2011

Australian Corporations and Markets Advisory Committee Releases Information Paper on Executive Remuneration

The Corporations and Markets Advisory Committee has published an information paper on some of the approaches taken in Australia and internationally in respect of the regulation of executive remuneration arrangements, including the use and implications of various types of incentives and reporting on
Originally Published: 
Thursday, July 14, 2011

Australian Corporations and Markets Advisory Committee Releases Report on Derivatives

The report prepared by the Corporations and Markets Advisory Committee responds to a request from the Australian Government for advice on the suitability of the legislative definition of “derivative” for today’s derivatives markets and whether it may be possible to decrease complexity in this area o
Originally Published: 
Thursday, December 22, 2011

Australian Corporations and Markets Advisory Committee Releases Report on Executive Remuneration

The Corporations and Markets Advisory Committee has released a report examining the possibility of reducing the complexity of executive remuneration reports and revising the remuneration setting framework to simplify the incentive components of these arrangements.
Originally Published: 
Friday, April 29, 2011

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