Articles by Mark Sands
Proprietary code thieves sentenced in US
Former Société Générale trader Samarth Agrawal and former Goldman Sachs programmer Sergei Aleynikov have been sentenced
$10 million identity fraud ring smashed by US authorities
Schemes involved staff from 11 high-profile US banks
SFO under pressure over Kaupthing investigation
Two arrested amid investigation into Kaupthing collapse say raids were a publicity stunt
FSA denies CDO insider-trading crackdown
Regulator says investigations into certain market groups do not represent a CDO insider-trading initiative
UK FSA hits FX broker with £85,750 fine
Regulator says ActivTrades failed to properly segregate clients' funds from its own
UBS faces investigations over Libor manipulation
Has received subpoenas from several international authorities
SEC charges hedge fund managers with abusing client assets
New York SEC director says two managers “violated the most fundamental duties of an investment adviser"
UK Bribery Act guidance fails to clarify compliance issues
New guidance from the Ministry of Justice and the Serious Fraud Office helps in some areas but muddies the waters
Sigor chair warns rising op risk losses not reflected in capital
Head of Basel op risk subcommittee notes rising losses in 2008 and 2009 compared with minimal capital growth
Firms must be wary of reporting requirements in build-up to Co-Rep, says Logica
Consultancy warns Co-Rep requirements might still be subject to regional 'gold-plating'
KPMG and ORX complete investigation into global scenario analysis plans
Consultancy and industry body researched complexity and terminology of scenario analysis at large banks
IOR to open Nigerian chapter
Institute of Operational Risk setting up African base in Lagos, with UBA audit head at helm
Op risk managers with regulatory focus can gain most in interim market
Risk managers with regulatory focus stand to gain most in interim market
FSA report reveals shape of future FCA enforcement
Retail Conduct Risk Report foreshadows stance on consumer protection expected from the upcoming UK Financial Conduct Authority
Moody’s op risk guidelines hit 134 transactions in Europe
RMBS, CMBS and ABS deals placed on review list until September for op risk weaknesses
Firms must stay vigilant on transations amid Middle East unrest
Banks must be aware of the sources of clients' funds as unrest continues in Middle East
Business continuity relies on adaptabilty amid civil unrest
Ready for anything
Patrick joins Methodware
Becomes business development manager for ERA Kairos product
Four appointed to UK's new Financial Policy Committee
UK's Financial Policy Committee takes shape
Former Dresdner Banker given record jail sentence for insider dealing
EX-Dresdner Banker gets record jail sentence
FSA fines pension-switching services £143,500 over bad advice
Customers were told to switch pensions regardless of situation or requirements, says regulator
Finra fines Lincoln Financial $600,000 for customer data failings
Finra fines Lincoln Financial $600,000 over info
AXA Rosenberg to pay $240m after failing to disclose coding errors
AXA Rosenberg pays $240m for failure to disclose code errors
SEC charges hedge fund four over insider dealing
Four US hedge fund managers accused of insider dealing