Tag Archives: Financial Industry

Should banks require commercial lending customers to have cyberinsurance?

man sitting at a desk in an office looking at a laptop

In light of increasingly prevalent and highly publicized data breaches, the Federal Financial Institutions Examination Council (FFIEC) recommends that banks require commercial lending customers have cyberinsurance to supplement existing risk management programs. The FFIEC’s statement isn’t a regulatory expectation, but … Continue reading →

Collateral Damage to Reputation: The Fight Back Continues

I’ve blogged before about the risk of collateral damage to reputation for individuals caught up in regulatory enforcement activity involving their employers. Now a new and successful challenge has been made by a manager of a major investment bank against … Continue reading →

HBOS: Why the Regulators Will Make Sure Things Go Differently Next Time

Much has been written in the last week about the long-awaited report into the reasons behind the collapse of Halifax Bank of Scotland (HBOS). This is hardly surprising given the size of the collapse and the report’s hard hitting conclusions, … Continue reading →

Whistleblowers: You Know they Make Sense if You’re a Regulator!

Whistleblowers

The FCA published last week new rules on whistleblowing. The key requirements of the new rules are to: appoint a senior manager as their whistleblowers’ champion put in place internal whistleblowing arrangements able to handle all types of disclosure from … Continue reading →