Tag Archives: D&O

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 →

The Perils of a Professional Indemnity Exclusion in a D&O Policy

Where is the line drawn between directors and officers (D&O) insurance and professional indemnity insurance? The question is important not just for companies that purchase both forms of insurance but also for those who buy D&O insurance alone but nevertheless … Continue reading →

Chief Risk Officer 3.0: Darwinism at Work

The role of the chief risk officer (CRO) in European insurance companies has evolved quickly in the last 20 years. Now, I believe that the passage of Solvency II is moving the goalposts again. Continue reading →

Why Risk is Becoming a Boardroom Issue: Dominic Casserley and John Haley at RIMS

As thousands of risk and insurance professionals across the industry gather for the Risk & Insurance Management Society’s annual conference in San Diego this week, I caught up with John Haley and Dominic Casserley about some of the external forces … Continue reading →

New Transparency Laws in Force Today May Catch U.K. Company Directors Unaware

From April 6th, the Small Business Enterprise and Employment Act 2015 will introduce far-reaching changes to the very fabric from which the cloak of private companies is woven. Continue reading →

What Impact Will the Senior Managers Regime Have on Internal Investigations Involving Senior Employees?

Imagine you are a designated senior manager or perhaps simply someone subject to the Financial Conduct Authority’s new certification regime. Out of the blue, you are asked to attend a meeting with the company’s general counsel. After the initial pleasantries … Continue reading →

U.K. Bribery Act: SFO Flexes its Extraterritorial Muscles to Good Effect

For a little while the Serious Fraud Office (SFO) has been hinting that it has a number of Bribery Act cases in the pipeline, and now we have our first conviction in the U.K. of a company under Section 7 … 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 →

A Perfect D&O Storm

Economic headwinds, individual accountability and disruptive change, like forces of nature, are converging in a way that could change the game for directors & officers (D&O) risk. Continue reading →

Quais são os riscos emergentes de 2016?

O mundo está avançando em um ritmo acelerado e a inovação é convidada a estar na mesma velocidade, incentivando as empresas a saltar em águas não navegadas. As novas tecnologias, sejam destrutivas ou apenas uma nova forma de fazer negócios, … Continue reading →