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News & Commentary
Content tagged with Compliance posted in February 2008
Tips & Tricks for Building Composites
News  |  2/21/2008  | 
Avoid having too many composites by focusing on the firm's primary mandates. If there are a lot of unique accounts left over without a composite, you can create single-account composites or expand your firm's definition of discretion.
Twelve Steps to an Effective GIPS Compliance Program
News  |  2/21/2008  | 
There are several things financial firms can do to develop an effective Global Investment Performance Standard (GIPS) program.
Société Générale-Type Fraud Could Happen Again
Commentary  |  2/19/2008  | 
Société Générale rogue trader Jerome Kerviel wasn't a tech genius; but poor risk controls allowed him to cover up his fraudulent trades.
SIFMA Appoints Tim Ryan CEO
News  |  2/19/2008  | 
Tim Ryan was vice chairman of investment banking for financial institutions and governments at JPMorgan before joining the Securities Industry and Financial Markets Association (SIFMA).
Ecora Releases New Auditor Professional
News  |  2/19/2008  | 
Auditor Professional 4.5 discovers, collects, analyzes and reports on configuration data from a company's infrastructure.
A Practical Guide to Implementing the Global Investment Performance Standards (GIPS) for Asset Managers
News  |  2/19/2008  | 
Adhering to GIPS is in the best interest of any investment firm that wants to compete effectively and fairly. It helps build a framework for implementing industry best practices while helping engender the trust of prospective and current clients.
Compliance Costs Grow Faster Than Net Income
News  |  2/19/2008  | 
Compliance costs are eating up more and more net income, growing from 2.83 percent of net income in 2002 to 3.69 percent in 2006.
World’s Biggest Bank Frauds
News  |  2/11/2008  | 
The Société Générale $7.14 billion fraud is the most recent in over a decade's worth of major bank fraud.
Is the Risk Manager to Blame for the Subprime Crisis and the Société Générale Scandal?
News  |  2/11/2008  | 
In the wake of the credit crisis and the Société Générale fraud, the spotlight -- and much of the blame -- has fallen on the risk manager.
Société Générale Fraud: A Timeline of Events
News  |  2/11/2008  | 
The Société Générale fraud began to surface in 2007 when junior trader Jerome Kerviel's losses started to materialize.
Soc Gen: Bank's Controls Didn't Work, says report
News  |  2/4/2008  | 
Some of Societe Generale's internal controls failed to work, leading to the scandal of the junior trader who "lost" $7 billion. Meanwhile, industry experts suggest that in the U.S. too, a broad number of banks do not have sufficient controls...

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