The Marriage of Compliance and Risk
With a new regulatory regime in the offing, and the promise of more stringent controls likely to be fulfilled, Matt Grinnell of Fidessa LatentZero looks at how asset management firms can prepare themselves by breaking down the barriers between legal, risk management and compliance teams.
Why Government Regulators Seem Unprepared
The global financial crisis and Toyota's current mess have something in common -- government watchdogs didn't fully understand the complex systems they were supposed to be regulating.
Don't Expect FinReform Legislation This Week
CNBC is reporting that Senator Chris Dodd is unlikely to unveil financial reform legislation this week, to negotiate with Republican Sen. Bob Corker over the consumer protection piece.
What Regs Are Next? (video)
In light of the Madoff scandal and the financial crisis, regulators who have been heavily scrutinized for their failings are under more scrutiny than ever before. In this video clip, Senior Editor Melanie Rodier speaks to Larry Tabb, CEO and founder of TABB Group, about what new regulations the financial community can expect, and about the future of the SEC.
SEC Risk Proposal: A Fair Start But Lacking Specifics
The SEC risk management proposal advocating baseline operational risk controls is a good-faith attempt by regulators to augment risk management within brokers and broker/dealers, however, the SEC leaves too much discretion of acceptable practices to the discretion of the firms whose activities require control.
JPMorgan: Regulation Increases Costs
Tighter regulation is supposed to be the price of making the banks stable and taxpayers whole, but JPMorgan Chase is warning it will also bring a much higher cost of doing business,
Smart Regulation: Is It Possible?
In a new research report from Aite Group, Paul Zubulake examines the various key components of financial regulation being considered by the U.S. Senate today, the likelihood of each being implemented, and in what ultimate form.