A process of “derisking” is underway by financial firms exiting sectors that represent compliance landmines, bankers said on Tuesday, but a top U.S. sanctions enforcer said that is sometimes just the right move.
Financial Regulatory Forum
By Daniel Seleanu, Compliance Complete
TORONTO, July 1, 2014 (Thomson Reuters Accelus) – Canada’s overheated housing market represents a significant risk to the stability of its financial system, the country’s central bank has warned.
By Bora Yagiz, Compliance Complete
NEW YORK, Dec. 5 (Thomson Reuters Accelus) – Focusing on too-big-to-fail policies and hard-to-implement resolution plans may lead regulators to miss the next big financial failure, which could come in the areas of shadow banking and short-term financing, industry experts said.
This was the main message given by a panel of experts at a conference organized by the Clearing House, a banking association and payments company on Thursday. (more…)
By Stuart Gittleman, Compliance Complete
NEW YORK, Dec. 13 (Thomson Reuters Accelus) – The “shifting sands” of regulation, especially since the onset of the financial crisis, are making it more challenging for U.S. public companies to conduct global operations, the top lawyers for three such companies said Friday.
By Stuart Gittleman
NEW YORK, June 26 (Thomson Reuters Accelus) – Two court rulings last week may raise the enforcement burden for the financial services industry and its regulators.