Category Archives: Financial Services

Cap on Card Payment Fees: Just the Tip of the Iceberg for EU Banks

iceberg

On January 27th, the European Parliament’s Economic and Monetary Affairs Committee voted to support the draft rules prepared by the Council of Ministers during 2014 on the capping of the fees charged by banks in the EU to retailers for … Continue reading →

Felony Banking in the First Degree

prison bar shadow

The last time a major U.S. bank plead guilty to criminal charges, the movie Beetlejuice was in theaters. The year was 1988 and the once high-flying firm of Drexel Burnham Lambert, as a corporation, plead guilty to six counts of … Continue reading →

Regulators Raise the Bar for Cyber Risk: Banks, Be Ready

money-technology

In the last six months, just about every financial institution regulatory body in the US has augmented or is reviewing its process for providing oversight of cyber security risks.   In light of the recent cyber-attacks on banks, health insurers, retailers … Continue reading →

Conduct Risk Investigated: 3 Things Bank Risk Managers Need to Know

bad conduct

The risk of staff acting unprofessionally, unethically or illegally – commonly known today as conduct risk – has recently emerged at the top of the agenda of bank supervisors and bank boards alike. Although few debate the importance of conduct … Continue reading →

Getting Hitched to a Tech Company, Without Regrets

tech-banking marriage

Technology creates strange bedfellows. This is particularly true for financial institutions of late. Continue reading →

What Risks Will Emerge in 2015?

storm light house

Our list of emerging risks for 2015 covers the kind of perils that keep risk managers up at night: cyber risk, oil price volatility, the changing demands of today’s workforce, the over-confidence corporations have in the ability of their entity … Continue reading →

Concentration of Financial Infrastructure in Urban Centers

dense city

Sandy and 9/11 taught us some harsh lessons about how much of the US financial backbone is located in a narrow swath of real estate. It is true that more people are working remotely and that the Internet has made … Continue reading →

The Relationship Between Regulation and Corporate Culture

corporate culture

The Financial Conduct Authority (FCA), formerly the Financial Services Authority, holds an Enforcement Conference every two years. The latest one, last month, was the first one under the new FCA regime. Continue reading →

Regulatory Review of 2014

year-in-review

As we close the book on 2014, we look back at the Financial Conduct Authority’s progress and select three important stories of 2014. Continue reading →

On the Front Lines of the Cyber Battlefield

state-sponsored terrorists

This week's headlines highlight the risk of state-sponsored cyber terrorists--but cyber policies often include a war exclusion that could put coverage in jeopardy. Continue reading →