Category Archives: Financial Services

Panama Papers: Could your cyber insurance cover you?


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


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


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


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


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

Bangladesh hack

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


“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


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?


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


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 →