Compliance
FSA defends mobile-taping proposals, continues plans to enforce recording
UK regulator denies planned regulation is unenforceable or prohibitively expensive
Major players show support for California carbon trading
First California Carbon Allowance forward underlines US interest in trading, contract standards to evolve as activity increases
Commissioner presses to speed up Dodd-Frank rule-making
CFTC continues derivatives reform rule-making, staff and commissioners concerned about timetable and resources
Nat gas hedging hit by regulation and fundamentals
Experts link drop in natural gas trading activity and liquidity to fundamentals and regulatory uncertainty
US regulators turn light on rule-making and enforcement
Shining light
HSBC issued with cease-and-desist order for AML failures
Bank's North American arm ordered to improve compliance systems; might still face financial penalty.
New methodology to address 'dearth' of forestry offsets
Methodology should increase supply, developer says, providing end-users with high-quality carbon offsets
Op risk responsibility: The buck stops with everyone
A problem shared...
Dodd-Frank sends banks on journey into the great unknown
The passing of the Dodd-Frank Act into US law signifies profound changes for banks and regulators. But how they should prepare now for the new legislation is still far from certain
UK investment managers prepare for Fatca ahead of 2013
New US-based requirements will increase the reporting burden for international firms
Trading group fined $12 million for inflating oil price
CFTC fines ConAgra Trade Group for artificially pushing crude to $100 per barrel in January 2008, the year prices hit all-time peak of $147 per barrel
Penny Cagan leaves Algo First for Citi
In a surprise move, First database founder Penny Cagan departs Algorithmics.
Dissatisfied with CAIR replacement, market calls for legislative fix
Proposals to replace the existing US SO2 and NOx emissions reduction schemes may not be enough to remove market uncertainty.
McKinnon & Clarke’s purchase of Encore signals M&A trend
The takeover of the risk management firm signals a potential trend for further consolidation in the energy services sector
Social networking asks new questions of compliance
Companies must follow the varying demands of regulators in social networks, as markets have different obligations.
Report: Fraud rising as compliance struggles for recognition
Ernst & Young Fraud Survey indicates continued need for anti-fraud measures, even against a tough financial background
Where to from here?
Editor Victoria Tozer-Pennington reviews the op risk events from the month that range from volcanic ash clouds to civil fraud.
Cloud computing security and compliance issues challenge banks
Financial services firms, wary of cloud computing, are looking to a new hybrid public-private cloud strategy to ease concerns.
Fourth annual compliance software survey launched
Operational Risk & Regulation launches its fourth annual compliance software survey
RBS fined £29 million for sharing pricing information
Royal Bank of Scotland (RBS) has settled with the OFT for breaking competition rules with Barclays
MAD world
Hedge fund managers might unwittingly be exposing themselves and their firms to compliance risks by failing to fully address the Market Abuse Directive. Should they act now and review internal policies and systems as a key part in abuse detection?
US Fed working on horizontal reviews of op risk issues
Supervisor looking at range of issues as part of broader look at big banks, including compensation, compliance, and capital
SaaS poses operational and regulatory risks for asset managers
Outsourcing is about more than cutting costs