The damage that a fraud investigation can wreak on a bank is already well documented, but what measures can banks take to protect themselves against such incidents and minimise the repercussions if a fraudster does slip through the net?
Latest articles from Regulation
Nigeria’s banks may be suffering the impact of regulatory changes and monetary tightening, but the country’s robust growth and economic reforms are taking away the sting.
With investors claiming that Basel explanations of risk weighting models are indecipherable, confidence in these measures has been lost. If it is not restored, capital may have to be regulated using much harsher methods.
Over the past two years banks have been hit by a huge wave of litigation relating to residential mortgages, interbank rates, consumer insurance and money laundering. Though lenders have largely managed to absorb the costs fairly easily, it seems that the regulators are not quite finished when it comes to dishing out fines.
The Court of Justice of the EU's rejection of British attempts to appeal against a European short-selling ban could signal a new degree of harmonisation on financial regulation.
The European Commission's proposed update to the Payment Services Directive will allow third parties to penetrate banks' security firewalls, which is leaving banks understandably nervous.
Senior executives are changing the way their organisations work in an effort to move from merely complying with new regulations to defining how the bank of the future will look.
European regulators have been trying to create resolution and recovery frameworks that will enable them to wind down failed banks without using taxpayers’ money. So far, they have not succeeded. But few bankers are quibbling with the progress made.
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