7th Apr, 2021
Credit Suisse’s chief executive had a blunt message for his bank: it has an attitude to risk that needs to change. However, since Thomas Gottstein…
5th Apr, 2021
Image Credit German Finance Minister Olaf Scholz wants to reform the Federal Financial Supervisory Authority (BaFin) at a fundamental level, to make the regulator more…
31st Mar, 2021
It is increasingly acknowledged that employee behavior is often a root cause of operational risk in the financial industry. But such behavioral risk is less…
29th Mar, 2021
In an effort to address criticism about the speed of its response to past reports of misconduct, and a failure to shield whistleblowers adequately, the…
22nd Mar, 2021
The application of behavioral science to mitigate operational risks in the financial sector is gaining traction. Early innovators in applying behavioral risk within their organizations…
17th Mar, 2021
Image credit A series of scandals at Singapore-based companies has regulators tightening oversight and pushing for more risk disclosure. At stake is the city-state’s role…
15th Mar, 2021
The U.K. Serious Fraud Office (SFO) — the country's major economic crimes investigative agency — is taking steps to emphasize the need for companies to…
10th Mar, 2021
In the wake of an investigation into misconduct at Irish financial services firm J & E Davy, conducted by the Central Bank of Ireland (CBI)…
8th Mar, 2021
The Association of Banks in Singapore (ABS) has found that 63% of those who participated in a poll report a high level of trust in…
6th Mar, 2021
Image credit The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) have jointly published a paper on managing new risks…
1st Mar, 2021
Image credit Many staff at financial companies have been working from home in an effort to fight the COVID-19 pandemic. Now, the staff at financial…
23rd Feb, 2021
Banks and financial institutions across the world have been facing persistent reputational difficulties, triggered by a series of misconduct events. A firm's culture is now…
19th Feb, 2021
As COVID-19 has shifted how leaders interact with employees, and how coworkers connect with one another, company culture has grown in importance. Recent, high-profile culture…
16th Feb, 2021
The U.S. Securities and Exchange Commission (SEC) will give enforcement staff greater powers to launch investigations at firms, in a sign that the agency plans…
16th Feb, 2021
In a recent report, the Australian Securities & Investments Commission (ASIC) explores how the RegTech market is developing in terms of speed, size, and capability…
15th Feb, 2021
As part of a wide-ranging reform triggered by the Wirecard scandal, Germany will create a special financial task force responsible for forensic audits of companies…
12th Feb, 2021
Directors will be held personally responsible for the accuracy of their company’s financial statements — and may face punitive fines and industry bans in the…
11th Feb, 2021
Jane Fraser, incoming chief executive at Citi, has created a new global operating team aimed at improving risk management and individual accountability among its top…
9th Feb, 2021
Starling Advisor's James Freis was pleased to join Wirecard, where he hoped to help lead the company in promising new directions. Due to join the…
8th Feb, 2021
Our advisor, Harvard’s Amy Edmondson, recently contributed to an article on MIT Sloan, in which she highlights issues around leadership and public trust. Given the…
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