Internal Risk Management
Internal control systems are central to the identification and evaluation of risk. Following the collapse of Enron, it became a legislative requirement for auditors to provide assurance that publicly listed corporations in the United States had effective internal control systems (Sarbanes-Oxley, s. 404). The limitations of risk managmeent became a critical issue in legislative hearings in both the United States and elsewhere in the aftermath of the Global Financial Crisis. This series explores the strucutral reasons for the flaws and regulatory and corporate responses.
Unregulated Collective Investment Schemes and other Non-Mainstreamed Pooled Investments
New rules exist in regards to unregulated collective investment schemes (UCIS) whereby their promotion must be limited.
Originally Published:
Friday, March 14, 2014
TR13/7 – Payment protection insurance complaints: report on the fairness of medium-sized firms’ decisions and redress
FCA issues thematic review setting out findings on how some firms have handled payment protection insurance complaints.
Originally Published:
Wednesday, September 25, 2013
APRA releases final guidance on managing data risk
APRA releases cross-industry guide on the management of data risk for all APRA-regulated institutions.
Originally Published:
Monday, September 2, 2013
FG13/7 – Dealing fairly with interest-only mortgage customers who risk being unable to repay their loan
FCA publishes guidance on fair treatment of customers unable to repay capital at maturity, and minimisation of non-repayment risk.
Originally Published:
Thursday, August 29, 2013
APRA releases new statistics on property exposures of authorised deposit-taking institutions
APRA releases publication aggregating statistics on global commercial property exposures and domestic residential property exposures for banks, credit unions and building societies.
Originally Published:
Tuesday, August 27, 2013
FCA issues FG13/6 – Market Operators’ oversight of member firm compliance with rules
FCA issues guidance to market operators on ensuring that their members comply with their rules on an ongoing basis.
Originally Published:
Thursday, August 22, 2013
CPSS and IOSCO issue consultative report on the recovery of financial market infrastructures
CPSS and IOSCO publish report on the development of recovery plans in response to threats to FMI viability and financial strength.
Originally Published:
Monday, August 12, 2013
APRA releases final prudential standard for Financial Claims Scheme
APRA releases response paper on the Financial Claims Scheme, and final version of Prudential Standard APS 910 Financial Claims Scheme.
Originally Published:
Monday, June 24, 2013
FSB to hold workshop on common data template for global systematically important banks
FSB develops common data template for global systemically important banks to address key information gaps.
Originally Published:
Thursday, July 25, 2013