Articles by David Benyon
FDIC plans to continue proposals linking pay structures to banks’ deposit insurance
The Federal Deposit Insurance Corp says its plan to link banks’ compensation arrangements with premiums is “complementary” to supervisory guidance issued jointly by regulators
Smartphone banking has limited mobility
Mobile banking using smartphones is the next frontier for retail banking, but banks have been slow to venture into this new territory
US regulatory guidance for compensation structures snubs FDIC proposal
Final pay guidance from US regulators shows no trace of Federal Deposit Insurance Corporation’s (FDIC) proposal for higher premiums for banks with risky compensation structures
Cebs to disclose stress-test results, says EU Council
The European Council has mandated Cebs to issue the results of this year's stress-testing exercise of the EU cross-border banking sector
Banks fail to exploit market for smartphone apps
Third parties are developing downloadable applications (apps) for banking, leaving banks lagging behind
Options exercise process subject to operational risks, say experts
Manual processes in exercising or abandoning listed options positions are being handled by ops teams
UK firms neglected environmental resilience in IT business continuity drive, says SunGard
SunGard says focusing on resilient technology has left some firms flatfooted for business continuity
Circuit breakers to stem NYSE trading falls
A 10% move in a stock price would trigger a pause in trading to prevent sudden falls
UK Bribery Act shakes up systems and controls
Banks operating in the UK may no longer make facilitation payments
Moody’s widens op risk definition for securitisation
Ratings agency breaks down boundaries of counterparty, credit and liquidity risk
Goldman preps for reputational fallout from CDO lawsuits
SEC civil action could prompt deluge of shareholder actions
SEC reports it suspected Stanford Ponzi scheme since 1997
Officials at US regulator might have put Stanford case in the 'too-hard' box
Risk Europe: Operational risk key to enterprise risk management
Op risk should play a dominant role in the development of ERM, says Thomson Reuters’ Philippe Carrel
New kids on the block
As the traditional retail banking giants struggle to stay afloat, a new breed is rising to the surface
Goodhart: CoCos 'not silver bullets' for bank capital reform
Regulators should ban dividend payments or curb banker pay to conserve cash, instead of championing Cocos, says economist
Compliance vendors triumph in adversity
Compliance providers have found new customers as a result of the recently changed regulatory environment, while adopting integrated approaches to make the best of tightened budgets everywhere. David Benyon reports
UK Bribery Act broader than FCPA, but more guidelines needed
Firms in the UK will need more guidance on complying with the Bribery Act's strict rules
US regulators call for circuit-breakers but exchange risks remain, says expert
Proposed rule changes from Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (Finra) are a good but incomplete solution to operational risk within exchange infrastructures
Systemic risk regulators should direct policy not just give warnings, says HSBC's Haswell
Past experience suggests the new financial stability bodies should direct regulatory policies, not just warn about instability
FSA’s Huertas says ending ‘too big to fail’ is the top regulatory issue
Regulators mull over intervention options for systemic risk firms