Category Archives: Financial Services

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 →

Banks of the Future: Millennials and Risk Culture

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From employees, to consumers, banks need to affect true cultural and behavioural change, restore trust and ethics and ensure consumers are placed at the heart of business. 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 →

Who Wants to Be a Non-Executive Director in a Financial Services Firm?

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This is not the title of a new game show. Instead it’s a question of vital interest to the regulators and stakeholders of financial services (FS) firms. That’s because under the unitary board system, non-executives are expected to play an important … Continue reading →

Don’t Let FinTech Eliminate Financial Access for Some

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Technology-based financial innovation has transformed the financial sector. In particular, financial technology (FinTech) firms have revolutionised financial services for the historically underbanked or unbanked, who can now access, transfer and save money, particularly in parts of the world where mobile … Continue reading →

Lifetime Mortgages: A Retirement Solution, but Not Without Risk

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People are living longer, and life expectancy is rising further. In the U.K., life expectancy increased from 70 years in 1961 to 80 in 2009, and 1 in 3 babies born in 2013 are now expected to live to celebrate … Continue reading →

Address Talent Management and Retirement Planning Together

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There exists a monumental opportunity for financial institutions to work more closely with employers and their employees to help address their biggest respective risks – namely talent management and retirement planning. These two issues may seem poles apart but linking … Continue reading →