Government watchdog CREW has sued the SEC and its chair Mary Schapiro for purging documents related to probes of suspected wrongdoing at financial institutions
The revelation of rogue trading at UBS follows a period of market volatility. That is nothing new, say risk managers
The computational requirements of Solvency II are driving the need for more computing power and data storage accessible on a scalable basis. Early adopters are leveraging cloud computing for their Solvency II implementation. Others are taking a more cautious approach, waiting for the industry to address key concerns such as security before they to embrace computing.
More Bernard madoff articles
The US Securities and Exchange Commission is at the forefront of efforts to reform the over-the-counter derivatives market and prevent another flash crash. At the same time, it has also been trying to fix its own failings, highlighted by the Madoff scandal....
Three banks all accused of ignoring warning signs while profiting from the Ponzi scheme
Madoff employees charged with creating false documents and trades, and misleading investors
Ask BP what the biggest risk type is and there is only one answer: operational risk. But despite the financial services industry playing host to some of the largest operational risk events during the past decade: Jérôme Kerviel, Bernie Madoff and the...
A report from the US Securities and Exchange Commission (SEC) says the Stanford fraud was ignored for a decade because it was too big and too complex.
NEW YORK – Peter Madoff, brother of incarcerated fraudster Bernard Madoff, is the target of a US criminal investigation by the US Attorney’s Office in New York. His lawyer, Charles Spada, has disclosed he is “a subject” of the investigation, but...
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.