Articles by Mark Sands
Lehman, HSBC could face lawsuit over Hong Kong minibonds
US judge rules holders of minibonds may sue
UK FSA bans director amid insurance fraud crackdown
Andrew Jeffery banned and fined over insurance fraud failings
Santander IT collapse leaves A&L customers unable to access accounts online
Bank suffers IT gliches while loading Alliance & Leicester accounts onto Santander system
RBS Group fined £5.6m for sanctions control failings
UK regulator issues large fine after banks fail to implement monitoring systems
New chairman and board for ORX
Mignola new chair of Operational Risk data eXchange
Three ordered by High Court to pay £115 million to UK FSA
Three ordered to pay up for accepting deposits without FSA approval
Goldman Sachs to pay $550 million to settle SEC lawsuit
US bank receives the largest fine the SEC has ever imposed on a financial entity
DBS Bank agrees compensation for Hong Kong Lehman notes
Securities and Futures Commission accuses DBS of inappropriately selling high-risk products to low-risk profile investors
Former Société Générale manager fined for insider trading
Jean-Pierre Mustier fined €100,000
Banks face suit from US fund over mis-sold subprime loans
Fifteen banks accused of mis-selling mortgage-backed securities
Cebs responds to critics with new op risk paper
Committee issues second consultation paper to address concerns over level of detail in op risk guidelines on market-related activities
Cebs updates op risk compendium; internal governance guide coming
Updated op risk compendium contains guidelines on op risk mitigation; internal governance guidelines on the way
Changing Hats, August 2010
The movers and shakers in the op risk professions
UAE firm sues MD over bonuses
Claims director mis-stated profits in order to collect bonus
Regulatory culture vultures start to circle in UK
Regulating for good culture and ethics at financial institutions is difficult because it is so subjective, but there are signs the UK supervisor is moving in that direction
Seven banks fail Cebs stress tests
Institutions in Germany, Spain and Greece would be unable to maintain capital levels under “adverse scenarios”
Regulator-firm communication on AML 'harder and harder'
Temenos product director says “buffer” of regulation obstructs meaningful dialogue
Cultural shift needed to embed data security enforcement
Data security awareness lacking in financial services despite big budgets
Cebs updates operational risk market guidelines
New paper in response to feedback “an improvement”
MD of supervision to leave FSA before restructure in 2011
Jon Pain to step down from UK regulator before proposed changes take effect next year
