Fatca risks internal wranglings in FFIs

The Fatca tension


In March this year Anders Meinert Jørgensen, head of group operational risk and compliance at Nordea, described anti-money laundering as "the big one" to Operational Risk & Regulation. And 2013 has seen a concerted effort in stepping up AML processes in financial institutions across the globe. Jorgensen told OpRisk that seeing a bank hit by a $1.9 billion fine (as HSBC was in 2012) makes it much easier to explain to senior management and the bank in general that this is serious business.


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Investment banks: the future of risk control

This Risk.net survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control

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