The SEC has lifted the lid on the conflicts of interest in the rating of subprime mortgage-backed securities
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 Corporate governance articles
LATIN AMERICA - As the world continues to struggle with Sarbanes-Oxley (Sox), much of Latin America has adopted an approach of self-regulation and disclosure. Mexico and Brazil, the two biggest markets in the region, work within this structure although...
In the aftermath of the credit crisis, major financial institutions are seeking to address flaws in risk management practices, changing the reporting lines for chief risk officers and committing additional resources. But broader structural and cultural...
LONDON - The loss of confidence in the European and US markets can only be rectified by financial institutions coming clean about their exposures to the subprime crisis. So, the Committee of European Banking Supervisors (CEBS) embarked on a mandate from...
Action taken against member states for failing to implement the Third Anti-Money Laundering Directive
Corporate governance amendments for credit rating agencies have been suggested by Iosco
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.