Another institution rejects AMA because of lack of clarity in requirements
One of the original five Fatca partners likely to take its time over signing IGA, expert warns
When regulators collected data on banks’ operational risk scenarios in 2008, the biggest loss envisaged from a money-laundering breach was €120 million. In December, HSBC had to swallow a $1.9 billion...
Insurance Risk and BNY Mellon have conducted a survey to look at how insurance companies are preparing for the new regime and the opportunities and challenges that the changes will bring.
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Unanswered questions remain over the implementation of Vickers by 2019
Reticence among certain insurers to quantify operational risk also to blame for lack of progress in model development
Hotly anticipated final Fatca regulations leave industry disappointed and without an agreement for non-IGA FFIs
Industry hopes for more detail and draft agreements later this month
This paper discusses a number of diverse considerations that risk managers need to incorporate into their thought processes and recurring procedures if they are to fulfill their role more effectively in the future