Governance failures and weak compliance at heart of $1.45bn fine
New systems and processes necessary to prevent illicit money flows
Deal comes as French bank faces one-year US dollar clearing ban
This white paper looks at the heavy impact of regulation on investment managers, the mitigation of outsourcing risk, inefficiencies in corporate actions processing and the growing importance of collateral management.
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Further penalty imposed for watered-down report
International banks must exert more care on dollar transactions
New sanctions on specific companies could trigger CDSs and complicate settlement
Foreign banks struggling to comply with US rules, as BNPP fine shows
Establishing a coherent system of legal entity identifiers has been an important challenge for the swaps industry over the past two years. Now, in the face of regulatory pressure, anti-money launder...
UK regulator's first annual AML report highlights risks of closing certain banking services
UK regulator says 'significant room for improvement' needed at most banks
US regulators issue penalty-free consent orders, while the FSA promises investigation
This whitepaper reviews the fundamental changes of Liquidity Risk Management under Basel III. It discusses how institutions can meet the regulatory requirements on liquidity risk management by enhancing their liquidity risk analytics, funds transfer pricing methodologies, liquidity stress testing frameworks, and enterprise risk management platforms.