The Financial Services Authority has published a consultation paper on "Packaged Bank Accounts: New ICOBS Rules for the Sale of Non-Investment Insurance Contracts."

The practice alert focuses on risks of misstatement due to fraud that auditors might encounter in audits of companies with operations in emerging markets, auditors’ responsibilities for addressing those risks, and certain other auditor responsibilities under PCAOB auditing standards.

Section 922 of the Dodd-Frank Wall Street Reform and Consumer Protection Act 2010 established a whistleblower program that requires the Securities and Exchange Commission to pay an award to eligible whistleblowers who voluntarily provide the SEC with original information about a violation of the fed

The Central Bank of Ireland has issued a mandatory Corporate Governance Code for Credit Institutions and Insurance Undertakings.

The Financial Stability Board has published a Peer Review Report on deposit insurance schemes which points to the trade-off between financial stability and market discipline, and warns about the dangers of moral hazard.

This new report from the Geneva Association looks at the relationship between insurance wind-downs and systemic risk, concluding that frameworks for dealing with such risks in banking would be a poor guide to necessary changes in insurance.

The Irish Law Reform Commission has launched a consultation paper on insurance contracts which assesses current insurance contract law and makes a number of detailed recommendations on potential reform of the law in this area.