A tougher regulatory approach to individual responsibility for anti-money laundering controls could put compliance professionals in a difficult dilemma if they do not have the support of their senior executives.
The Bracken column
The Bracken column is named after Brendan Bracken, the founding editor of The Banker in 1926 and chairman of the modern-day Financial Times from 1945 to 1958.
Latest articles from Bracken
The Asian Infrastructure Investment Bank has the potential to reallocate both Chinese and Western savings into projects that will boost the global economy and satisfy China's aspirations for a leadership role.
An enhanced regulatory discipline recalibrated almost two years ago, conduct risk has served as a point of confusion for firms due to the lack of prescriptive guidelines provided by the regulator. However, this is no excuse for ignoring the issue.
Secondments would provide regulators with greater expertise, but potential conflicts of interest must be carefully handled.
Executives who live with uncertainty should resist the fallacy of arithmetic precision when making investment decisions, says Georgios Samakovitis of the University of Greenwich.
Financing an infrastructure project in Africa is not for the faint-hearted, but the continent is looking for alternative ways to fill the shortfall of funding available from global banks, writes Musonda Chibwe Kapotwe of Citigroup.
The netting of swap payments against variation margin would reduce liquidity requirements in cleared transactions, according to clearing house risk expert Stephen Elliott.
Banks all over the world – many of them hit recently by fines for a multitude of reason concerning poor governance – are looking to change the culture within their organisations when it comes to risk. Without the right focus, however, only marginal improvements will be made.
UK plans to use the leverage ratio for countercyclical and systemic capital buffers could throw the future of additional Tier 1 securities into doubt.
The speed and scope of sanctions imposed on Russia since the start of the crisis in Ukraine have forced many companies to enhance their compliance infrastructure and rewrite contracts to restrict potential liabilities from sanctions breaches.
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