Bank Systems & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

News & Commentary
Content tagged with Compliance posted in January 2010
Deutsche Bank CEO Calls for Global Banking Rules at Davos
News  |  1/29/2010
Josef Ackerman, CEO of Deutsche Bank, told CNBC's Maria Bartiromo his views on recent bank regulation proposals at the World Economic Forum in Davos yesterday. "We're in a global market, we need global rules," Ackerman said, suggesting that President Obama's recent proposal to separate banks from the capital markets might not work if only one country adopts it. Ackerman supports the Basel II capital allocation requirements, but feels the Volcker rule could reduce liquidity and efficiency in the
Honor Roll: This Week's Top Banking Blogs (Jan. 24-30)
News  |  1/29/2010
Our favorite banking technology-related blog posts from around the Web (January 24-30, 2010):
Beware of Unintended Consequences to the Volcker Rule
News  |  1/26/2010
Although President Obama's "Volcker Rule" - his proposal that banks forego proprietary trading, investment or ownership in hedge funds and private equity firms and not be allowed to become too big to fail - could take three to five years to move through Congress and become implemented, if some version of it does get passed, it could have a profound impact on banks, said Matt Cohn, partner and leade
Goldman, Morgan Stanley May Drop Bank Status, NYT Reports
News  |  1/25/2010
Goldman Sachs and Morgan Stanley, which became bank holding companies in September 2008 to gain government protection and access to the Fed's discount window, may now shed their bank status if the 'Volcker Rule' preventing banks from proprietary trading goes through, according to an article in Saturday's New York Times.
White House Shares A Few Details of New Bank Fee
News  |  1/14/2010
In a fact sheet, the Obama Administration has outlined a few details about the Financial Crisis Responsibility Fee the President is submitting to Congress in his next budget. If the budget passes, the fee will be levied on financial institutions with more than $50 billion in assets, it will take effect June 30 of this year and it will last a
Top Bankers Tell Financial Crisis Commission They're Not to Blame
News  |  1/13/2010
This morning, the leaders of four large banks - Lloyd Blankfein, chairman and CEO of Goldman Sachs; Jamie Dimon, chairman and CEO of J.P. Morgan Chase; John Mack, chairman of Morgan Stanley; and Bank of America's new CEO Brian Moynihan - are testifying before the Financial Crisis Inquiry Commission, a group that will spend this year investigating what caused the financial crisis of 2007-2009 and produce a report in December.
FDIC Seeks to Adjust Its Bank Fees Based on Pay Programs
News  |  1/12/2010
Compensation plans are a factor in 35% of bank failures, the agency says. It's thinking of penalizing banks that don't consider risk when rewarding for performance.
Observers Say Obama's Proposed Bank Fee Wouldn't Work, Won't Happen
News  |  1/12/2010
Idea of charging already-subsidized banks with fees they could simply pass on to customers doesn't seem to be catching on.
Sandy Weill: Crybaby or Unappreciated Visionary?
News  |  1/4/2010
Oh Sandy ... get over yourself. That was my initial reaction after reading the article about former Citigroup CEO Sandy Weill that appeared in Sunday's New York Times business section.

Register for Bank Systems & Technology Newsletters
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.