EY
National culture can affect banks' operational risk
National interest
Auditors to be changed every nine years, EC proposes
Leaked draft EC regulation demands sweeping changes in auditor regulation
Ernst & Young's Hank Prybylski discusses risk management in a time of reform
Hank Prybylski of Ernst & Young LLP discusses how firms are effectively dealing with risk management during a time of intense focus on financial regulatory reform.
Repo 105: plaintiffs win ground on 'misleading' risk and leverage statements
Lehman executives and Ernst & Young lose fight to dismiss charges of deceit
Risk and treasury managers get to grips with Indochina
New frontiers
OpRisk North America: risk appetite, supermodels and reform
Northern exposure
Ernst & Young interview: A combined solution – overcoming the twin challenges of Solvency II and IFRS
The timing of the implementation of Solvency II and the second phase of IFRS presents a major logistical challenge for insurers which are not prepared
Risk governance biggest area of change for firms, says E&Y report
Ernst & Young's industry survey shows firms have made some improvements to risk governance and transparency, but more work still needed
Ernst & Young's Hank Prybylski discusses challenges banks face today
Global financial services risk management leader Prybylski discusses forecasting, risk appetite, and Basel III
Vietnamese banks hit by Vinashin default
Flood defences
FSA penalties likely to continue to grow
The UK regulator took £89 million in fines in 2010 and experts says it will only grow tougher
Ernst & Young faces court over Lehman's repo scheme
New York attorney-general Andrew Cuomo sues accountants for signing off bank's plan to hide leverage
Demand for consultants increases amid heavy regulation
Regulation education
Basel Committee stalls on key element of counter-cyclical plans
Market participants cast doubt on the collective strength of multiple measures to mitigate pro-cyclicality in Basel III.
Reliance makes third US shale gas field purchase in four months for $392 million
Latest US shale gas investment from Indian energy firm Reliance as the company seeks to bolster foreign investment
Brazil poised for real change on Basel II
Brazil is justifiably proud of the progress it had made in the implementation of Basel II, due for completion in 2013. However, a sudden increase in lending is raising a host of data issues and diverting management’s attention away from operational risk
Regulatory culture vultures start to circle in UK
Regulating for good culture and ethics at financial institutions is difficult because it is so subjective, but there are signs the UK supervisor is moving in that direction
NY Fed attacks article on AIG debacle
New York Fed general counsel Thomas Baxter takes issue with New York Times article which says Fed ignored advice from advisers on AIG counterparty CDS issue
FSA Hyman ban reflects strategy change
Regulator more focused on “experience and qualifications”
Report: Fraud rising as compliance struggles for recognition
Ernst & Young Fraud Survey indicates continued need for anti-fraud measures, even against a tough financial background
Whistleblowers need direct link to regulators, says survey
A poll on Risk.net says informants should be able to speak directly with supervisors