Category Archives: Financial Services

Fintech’s Achilles heel: The U.S. regulatory system

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American Fintech is in danger. There is a real risk that financial innovation will fall between the cracks of what is already a convoluted system of regulation in this country. That is bad for everyone. It’s bad for the innovators … Continue reading →

Guide to property insurance for financial institutions

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It is easy to be fooled into thinking that property insurance is straightforward. That would be a mistake. Continue reading →

First Half 2016 — Class actions are back . . . with a vengeance!

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As predicted in my A Perfect D&O Storm (February 2016), this year has seen some rough seas — at least from a D&O liability perspective. Securities class action filing activity grew to more than one-third higher than the 10-year securities … Continue reading →

Panama Papers: Could your cyber insurance cover you?

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I wouldn’t be surprised if there are as many news stories related to the Panama Papers leak as there are actual number of papers leaked – around 11 million. Perhaps an exaggeration but the impact has been tremendous, no doubt … Continue reading →

CFPB Attempts to Kill Mandatory Arbitration

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The Consumer Financial Protection Bureau (CFPB) proposed a new rule that could dramatically increase the frequency of class action litigation in the area of consumer finance and have a profound impact on the E&O market for financial institutions.    Continue reading →

Guide to Directors & Officers Liability Insurance for Financial Institutions

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D&O insurance policies offer liability coverage for managers to protect them from claims that may arise when acting in the scope of their managerial duties. Continue reading →

First Look: Inflated Risk From The New DOL Fiduciary Standard Conundrums

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The key question facing today’s financial services firms is how to assess and mitigate risks from the Department of Labor’s (DOL) expanded definition of “investment advice fiduciary” under the Employee Retirement Income Security Act of 1974 (ERISA). The common theme … Continue reading →

Cybergeddon? SWIFT Malware May Put Central Banks at Risk

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The scariest bank robbery in history took place recently, and very few people understand the true nature of the crime. A robber with a gun can empty a bank vault.  A mastermind with an understanding of SWIFT can steal a … Continue reading →

The Five Issues Troubling Credit Unions – And What to Do About Them

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“Even if you’re on the right track, you’ll get run over if you just sit there.” (Will Rogers) 1. The Dangerous Necessity that is Technology Technology has been called the great equalizer, but for credit unions technology has become a … Continue reading →

EMV Technology and the Liability Shift: What Businesses Should Consider

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The introduction of EMV¹ chip card technology by credit card networks has played an important role in reducing international point of sale (POS) credit card fraud. This technology is being rolled out in the U.S., and card networks have introduced … Continue reading →