Sarbanes-oxley act (sox)
Vast quantities of new regulations are swamping banks' ability to deal with the real sources of risk, conference hears
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.
More Sarbanes-oxley act (sox) articles
Comparing the approach to whistleblowing taken in the US and the UK, it seems American informants have more incentive, particularly in monetary terms, to come forward. Should the UK follow the US lead?
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Banks might find a lack of investment from the insurance sector under current regulatory proposals
Latin American regulators are pushing for increased participation in operational risk loss databases, but banks are reluctant to share valuable information, finding it hard to trust it will be kept confidential
Regulatory reforms are switching industry focus firmly onto compliance and control frameworks. But unless a top-down approach is taken to implementing these structures, firms could end up with a proliferation of knee-jerk controls that hinder more than...
Brazil’s banks are generally family-owned, so they’ve escaped the pressure to meet shareholder demands for short-term gain. But if governance is to improve in the country, this entrenched family culture will need to be opened up to greater scrutiny...
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