PwC
Inflation estimate errors costing defined benefit sponsors £50 billion
Overestimated inflation projections could be costing UK defined benefit scheme sponsors more than £50 billion in unnecessary funding commitments, a corporate adviser warns
Auditors to be changed every nine years, EC proposes
Leaked draft EC regulation demands sweeping changes in auditor regulation
Insurers gambling future on data quality
Shaky structures
EU Parliament adds to calls for Solvency II delay, but uncertainty remains
EU Parliament adds to calls for Solvency II delay, but uncertainty remains
ITV completes £1.7 billion longevity swap with Credit Suisse
Trustee chairman Graham Parrott says the deal removes "significant risk" from the television company's pension scheme
US oil and gas M&A at $39 billion
Merger and acquisition (M&A) activity in the oil and gas sector registered a rise in average deal value, according to a PricewaterhouseCoopers (PwC) report
Triffitt becomes risk director at KPMG in London
KPMG has appointed Giles Triffitt as risk director in its risk management division in London
India's Satyam Computer Services charged with financial fraud
SEC accuses Indian computer company that serves more than a third of the Fortune 500 companies of overstating its income by $1 billion
Modelling op risk for Solvency II
Fits and starts
Modelling operational risk under Solvency II
Fits and starts
People
People
Lehman administrators win CLN case in Korea
Seoul District Court dismisses efforts by Korea Investment & Securities to claim payment from Lehman Brothers International related to the Korean company's purchase of credit-linked notes in November 2006.
'Democratic deficit' at new UK regulators worries industry
British Bankers' Association concerned over lack of accountability for new bodies
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
Insurers' Solvency II programmes unrealistic, suggests PwC survey
Insurers' over-confidence about their Solvency II preparations could mean a last-minute rush to the finish line, according to a PwC survey
Bank of England's Bailey: UK PRA and banks will be 'heavily engaged'
BoE's Bailey: UK PRA and banks will be 'heavily engaged'
The top 10 operational risks to watch in 2011
Batten down the hatches
PwC partner: Basel's remuneration paper gives banks cause for concern
Firms worried by Basel Committee’s remuneration proposal
Basel Committee sovereign debt plans criticised
Basel Committee’s proposal to increase bank liquidity through sovereign bonds could hinder efforts to meet capital ratio targets, conference hears
UK’s TPR issues FSD on Lehman Brothers
The Pension Regulator takes a tough line with Lehman Brother creditors over UK pension fund deficit
UK Lehman administration considers spin-off
Specialist firm would provide complex derivatives valuation and advisory services.
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
UK Treasury regulatory reform paper hints at potential industry costs
More details emerge on how the new regulatory regime in the UK will be structured