Deloitte
People: Walter joins Ernst & Young regulatory push
Ex-secretary general of the Basel Committee, Stefan Walter, is latest senior regulator to join Ernst & Young; HSBC names new European credit trading head; Truchot to head Americas fixed income for Crédit Agricole; Lars Frisell moves to Irish central bank
Deloitte appoints three experts to banking and securities team
Big Four firm names new head of regulatory practice and two directors
Delayed Fatca regulations look set to ignore 'passthru' payments
Further uncertainty expected by the industry once delayed draft Fatca regulations are released
Insurers look to optimise curve-fitting technique
Curve fitting is one of the most popular approximation methods to value liabilities. But it has limitations and insurers are working hard to optimise the technique, reports Clive Davidson
Lessons learned from the Swiss Solvency Test
Three years after the Swiss Solvency Test became mandatory for all Swiss insurers, Life & Pension Risk looks at the impact of the regulation on the industry and discovers a number of lessons that Europe should learn. Thomas Whittaker reports
National culture can affect banks' operational risk
In assessing how culture plays a part in preventing financial crime or excessive risk-taking, it might help to look externally at national identity, and its ability to shape risk appetite or an individual’s propensity to commit fraud
Deloitte sued for $7.6 billion after ignoring 'red flags' in TBW fraud
Deloitte has been sued by TBW's bankrupty trustee and a TBW subsidiary for $7.6 billion in losses, after failing to detect fraud in the mortgage lender
Auditors to be changed every nine years, EC proposes
Leaked draft EC regulation demands sweeping changes in auditor regulation
SEC files subpoena enforcement action against Deloitte
Deloitte Touche Tohmatsu faces subpoena enforcement action after failing to hand documents over to SEC in Longtop Financial Technologies investigation
Banks fear Fatca raises operational and systemic risks
If the US’s proposed wide-ranging tax law comes into force, financial institutions across the globe could experience operational upheaval and enormous compliance costs, alongside potential reputational and systemic issues
LV= appoints Haynes as chief risk officer
Steve Haynes takes up chief risk officer post at LV=
Wave of new regulation brings inconsistencies and loopholes
Inconsistencies in new regulations both across borders and within the regulations themselves are giving rise to concerns of regulatory arbitrage and exploitation of loopholes
Banks 'starting to panic' over Fatca
Banks outside the US face operational challenges and increased costs under new tax regulations
Emerging risk detection continues to pose dangers
Regulators keen to see evidence of how institutions identify emerging risks in next round of stress tests
Australian banks still face many liquidity challenges
Australian regulators are working hard to provide a fitting solution to the liquidity conundrum facing institutions ahead of the implementation of new Basel III regulations. For the moment, a committed liquidity facility guaranteed by the Reserve Bank of…
Control frameworks need top-down approach
Regulatory reforms are switching industry focus firmly onto compliance and control frameworks. But unless a top-down approach is taken to implementing these structures, firms could end up with a proliferation of knee-jerk controls that hinder more than…
Video: Tsuyoshi Oyama on the conflicted role of central banks post crisis
Bank of Japan veteran and Deloitte Touche Tohmatsu partner, Tsuyoshi Oyama, discusses the changed role of central banks post-global financial crisis and potential conflicts with their new role.
Operational risk reigns down in Africa
Banks south of the Sahara are showing they know they must do what’s right but this is going to involve considerable changes, both within organisations and throughout the op risk community
ORR Innovation Awards 2011: Paper of the Year
New methodology to combine different sources of op risk loss data comes close to attaining the op risk holy grail
Changing Hats, February 2011
The latest movers and shakers in operational risk
The top 10 operational risks to watch in 2011
Firms are experiencing a brief period of calm before the storm of regulation due to be implemented soon. Here are the top 10 operational risks they’ll face in the next year
Dodd-Frank slows down full implementation of Basel II
Contradictions in the US regulations slowing down exit from Basel II parallel run