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News & Commentary
Content tagged with Compliance posted in October 2012
Sheila Bair's 4 Types of Dysfunctional Regulators
News  |  10/26/2012
Sheila Bair, former FDIC chair and current industry critic, thinks that regulators are partly to blame not only for the financial crisis and the banking industry's continuing lousy reputation, but she also has plenty of criticism for bankers and politicians.
Spain on Track With Bank Sector Reform
News  |  10/26/2012
Spain is on track to correct the problems in its financial sector, but needs more decisive action to deal with challenges facing some banks, the European Central Bank and the European Commission said in a joint statement on Friday.

Citi Fined $2 Million by Massachusetts Over Facebook IPO
News  |  10/26/2012
Massachusetts top securities regulator said on Friday that his office fined a Citigroup Inc unit $2 million after research analysts improperly disclosed confidential information about Facebook Inc's initial public offering.

Financial Services CEOs Among Those Calling for Action to Reduce Federal Deficit
News  |  10/25/2012
Chief executives of more than 80 big U.S. corporations, including Goldman Sachs , JPMorgan and Boeing, joined forces on Thursday to pressure Congress to reduce the federal deficit with tax reform and spending cuts.

Basel Official Defends New Global Bank Capital Rules
News  |  10/24/2012
A simple approach to reining in risks at banks would fail to capture the complexity of modern day lenders, a top global regulator said.

How a Banking Union is Dividing Europe
News  |  10/18/2012
European leaders meet for a two-day summit on Thursday where they will try to bridge divisions over a banking union intended to underpin the euro zone. But questions over the scheme's scope and mechanisms are likely to take months to resolve.

Red Flags in Cloud Vendor Management
Commentary  |  10/15/2012
Seven often overlooked components that put compliance in jeopardy – and how to address them.
Big Banks Should be Smaller, Says Fed's Bullard
News  |  10/12/2012
Big U.S. banks should become smaller to make any failure more manageable, a senior Federal Reserve official said on Thursday, supporting a suggestion that the size of banks be limited to a specific percentage of U.S. gross domestic product.

Renaissance of Fraud Spurs New Approaches to Anti-Money Laundering
Commentary  |  10/12/2012
Adopting a comprehensive approach to financial crime prevention, with greater reliance on analytics tools and collaboration among banks, regulators and law enforcement entities, was the theme of ACAMS' recent AML & Financial Crime conference.
Business Groups Sue SEC Over Dodd-Frank Anti-Bribery Rule
News  |  10/11/2012
Four business groups on Wednesday filed a lawsuit against the U.S. Securities and Exchange Commission's new rule requiring oil, mining and gas companies to disclose payments they make to foreign governments.

U.S. Consumer Credit Bounces Back in August
News  |  10/8/2012
U.S. consumer credit rebounded strongly in August after posting its first decline in nearly a year in July, Federal Reserve data showed on Friday.

Basel III Rules Set for Patchy Global Start
News  |  10/8/2012
Many countries will not be ready by January to enforce new banking rules that form the world's regulatory response to the financial crisis, a global supervisory body said on Monday.

Greek Banks NBG, Eurobank in Merger Talks
News  |  10/5/2012
Two of Greece's biggest banks, National and Eurobank, are in merger talks to create the country's biggest lender, banking sources said on Friday.

Barclays to Restructure Investment Bank Arm
News  |  10/4/2012
Barclays announced a shake up at its investment banking business on Thursday aimed at streamlining the business in the face of a more challenging outlook for the industry.

US Officials See More Financial Crisis Cases After JPMorgan Suit
News  |  10/2/2012
Federal and state officials pledged on Tuesday to bring more cases against misconduct that fueled the financial crisis, after New York sued JPMorgan Chase & Co late Monday over mortgage-backed securities packaged and sold by Bear Stearns.

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