Legal risk
The Age of e-discovery
New regulations in the US and Europe are pushing email retention and storage up the agenda of financial services firms. Peter Madigan explores the challenges and the pitfalls of the changes for compliance teams
A compliance can of worms?
Regulatory News
Regulatory fines moved into legal risk definition
According to a source close to the Basel Committee on Banking Supervision, the concept of legal risk will be explicitly broadened in the final version of the Basel II document, due out at the end of June – to include fines, penalties and punitive damages…
Regulators' operational risk definitions criticised
The lack of a common agreement on the definition of operational risk by regulators will cause serious problems for global financial institutions, said Joanna Benjamin, a consultant to law firm Clifford Chance, at a late-November seminar at the firm's…
Getting to grips with legal risk in investment compliance
Pauline Ashall of Linklaters discusses the new compliance challenges that asset management firms are facing, and outlines the steps executives can take to mitigate legal risk.
CLS settles a trillion a day
NEW YORK — Continuous Linked Settlement, the new settlement service for foreign exchange, settled a record $1 trillion in FX payments on February 18.
G-30 Proposes Global Clearing and Settlement Reforms
London — Today the Group of 30 proposed a series of 20 major reforms for the clearing and settlement infrastructure of the global capital markets.
Legal risk optimisation
Allen & Overy's Carolyn Jackson discusses the importance of a quantitative approach to legal risk.
Calculating with counterparties
Masterclass – with JP Morgan