Governance
July 6, 2023
The rising risk of ‘cultural contamination’
It’s back with a vengeance. UBS’s chair Colm Kelleher brought the term “cultural contamination” back into public view when he...
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July 6, 2023
WFH cuts risk of traders misbehaving
A new study shows a significant drop in securities misconduct among traders working from home, suggesting solo work minimises collusion...
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July 3, 2023
Three Lines of Defence: time for a revamp?
The holy grail of risk management needs to be beefed up, says the Financial Markets Standards Board (FMSB). The UK’s...
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July 3, 2023
Climate activist shareholders shake up tactics
Bank shareholders are diversifying their activism toolbox, amid dwindling support for radical climate proposals. Climate shareholder activists faced a tough...
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June 27, 2023
EBA: ‘More diversity is crucial for effective bank management’
Gender inequality is still a problem for EU banks. Bernd Rummel, senior policy expert at the European Banking Authority (EBA),...
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April 28, 2023
Industry has limited appetite for big SMCR changes
UK government’s focus on improving international competitiveness via changing the Senior Managers and Certification Regime appears at odds with some...
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January 5, 2023
Hong Kong mounts fight back amid fragmenting geopolitics
Hong Kong has prospered mightily on the back of turbo-charged globalisation, the ascent of China and the symbiotic US–Chinese economic...
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November 16, 2022
CFTC launches two consultations on reporting and substituted compliance
The first covers proposals on reporting and information requirements for derivatives clearing organisations (DCOs). In particular, the CFTC is looking...
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October 27, 2022
Could removing bankers’ bonus caps lead to another financial crisis?
In 2013 the UK adopted the European Capital Requirements Directive, a measure brought in following the 2008 financial crisis and...
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October 19, 2022
Traditional risk management approaches can contain digital asset risks
The report, called “Managing the digital assets environment: Key considerations for traditional finance firms, crypto natives and policymakers”, argues that...
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October 19, 2022
SEC modernises securities swaps related reporting requirements
On October 12, the agency said that it had voted to adopt amendments to modernise swaps related electronic reporting to...
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