Financial Regulatory Forum

Goldman’s online lending, Brexit plans show risk strategy’s bottom-line focus

July 27, 2016

By Richard Satran, Regulatory Intelligence

(Thomson Reuters Regulatory Intelligence) – Goldman Sachs wants to be known as the best-in-class risk firm. At the start of the year Goldman’s chief financial officer Howard Schwartz told analysts the firm saw bottom-line benefits in its compliance hiring binge while other banks were pulling back or staying pat. (more…)

Brexit signals shift: political risk hits long-stable Western economies

July 6, 2016

By Richard Satran, Regulatory Intelligence

(NEW YORK) – The idea that the biggest risk faced by the global economy no longer comes from the Middle East or somewhere along the Cold War fault line is not entirely new. But the Brexit vote and its aftermath underscores the need for risk professionals to understand the implications of the growing revolt against elites sweeping through the part of the world long viewed as the most stable.

Bankers say “derisking” underway amid sanctions crackdown; that’s the point, U.S. regulator says

October 3, 2014

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.

Canada’s financial system vulnerable to overheated housing market, central bank says

July 1, 2014

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.

Regulators’ emphasis on resolution plans, “too-big-to-fail,” may be misplaced

December 5, 2013

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…)

Global firms facing challenges of shifting regulations, their top lawyers say

December 13, 2012

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.

New U.S. court rulings may add to costs, risks of finance industry regulatory enforcement

June 26, 2012

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.