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The big bang: What happens when risk and data collide?
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10 May
2013

The big bang: What happens when risk and data collide?

The face-off between risk and data is coming.  Lack of co-ordination, both between the regulators setting the rules and within the firms implementing them, is on course to result in a messy collision when the two sets of requirements meet. Commonly, the extent of the damage done by the financial crisis has been blamed on Read More

01 May
2013

Ending moral hazard: Discretion comes at a price… stricter reporting requirements

A single recovery and resolution planning (RRP) framework for Europe is seen as crucial to banking union and effective macroprudential oversight. In the latest draft directive, legislators appear to be relenting on the idea of automatic triggers for recovery plans, while simultaneously strengthening the powers of resolution authorities to request at short notice the data Read More

29 Apr
2013

Newsflash: IT to keep banks from meeting Basel deadlines?

In recent months, the number of high-profile figures championing the BCBS’ Risk Data Aggregation Principles has increased dramatically. Add to those the voice of Forbes’ Tom Groenfeldt, author of a popular column for the magazine on the crossover between technology and finance.  In his most recent article, Groenfeldt identifies some key implementation issues for banks Read More

29 Apr
2013

G20 demands strengthening of tax evasion legislation – is TRACE the answer?

The G-20’s April meeting in Washington set out the agenda for Leaders’ summit in September, and detailed their key legislative priorities. Amongst the expected items on Basel III implementation, tax evasion featured surprisingly prominently. In the communique released last week, G20 ministers said that ‘more needs to be done to address the issues of international Read More

18 Apr
2013

Important step for EDTF: Investors call for banks to adopt recommendations

The work of the FSB’s Enhanced Disclosures Task Force (EDTF) has been taken relatively lightly until now.  But evidence is growing stronger of the effect that disclosures have on investor decisions, including investors making specific requests that their banks take note of the EDTF’s work published last October. Rachel Wolcott, writing for Accelus’ Compliance Complete, Read More

05 Apr
2013

Into the limelight! Risk data aggregation makes headlines

Until now, awareness of BCBS Principles for Effective Risk Data Aggregation and Risk Reporting has largely been confined to a privileged few.  Thomson Reuters has now achieved first mover advantage in the race to the board room with this conversation with an expose of how regulators and firms are moving at different speeds on this Read More

03 Apr
2013

BCBS gives auditors duty to report non-compliance

On 21st March, the Basel Committee on Banking Supervision released a consultation on its upcoming guidance for the external audit of banks. Auditors have been tarred, along with institutions like credit rating agencies, with having a hand in the poor practices that led to the 2008 financial crisis. The BCBS’ guidance is aimed at distancing Read More

22 Mar
2013

G20 regulatory reform: a helicopter view

TSAM is Europe’s biggest annual buy-side conference.  This year, the different streams covered topics including outsourcing, client reporting and communications, and data management.  PJ Di Giammarino, JWG’s CEO, was invited to contextualise the day’s conversations with a presentation on the current state of global regulatory affairs. You can find the slideshow here. The slideshow PJ Read More