banks news from FierceComplianceIT
NewsDodd-Frank and the GRC imperative
You could argue that the birth of the GRC industry occurred when Sarbanes-Oxley (Sarbox news) was passed back in 2002. Does the passage of Dodd-Frank mean anything at all for GRC? There are several... Read more...
Bank of America fesses up to small accounting issue
This is the sort of thing that engenders suspicion, especially at a time when distrust of banks is running high. Bank of America (NYSE: BAC) has announced via filing that it wrongly classified nearly... Read more...
Risk managers overlooked in reform
The financial reform effort now under way might strike some as fairly comprehensive. But at least one expert says that one glaring flaw in the emerging bill is that it does little to strengthen the... Read more...
Red Flags rule again delayed
This is starting to resemble 404(b) compliance for small companies. The Federal Trade Commission has once again delayed the enforcement of the Red Flags Rules, which would require financial and other... Read more...
Are you penetration testing your system?
Big banks are among the most active penetration testers among big companies. And there are plenty of smaller banks and other financial services firms that would benefit from similarly aggressive pen... Read more...
Banks make slow progress on risk management
So how's the risk management program faring at your bank? Some may think of risk management (enterprise risk management news) as a mere buzz word. But most would agree that the hype around the term... Read more...
Iceland volcano a timely reminder on redundancy
Where were you when the volcano in Iceland erupted? Were you grounded? Were your European operations grounded with you? Did you lose valuable work hours? To some, the eruption of the volcano and the... Read more...
Impact of IFRS varies according to companies
Despite a lot of fits and starts, most accounting professionals still think that a mandated move to International Financial Reporting Standards (IFRS news) from U.S. GAAP will happen at some point... Read more...
IronKey's new flash drive aims to thwart online theft
We've noted that small enterprises are being targeted by thieves who somehow gain control of their online banking relationships to steal them blind. It's stressful and humiliating for the company as... Read more...
Spinning off of swaps desks a good idea?
The idea of more regulation of the ITC derivatives market was not hugely scary to Wall Street. Many banks were already resigned to a mandate to centrally clear some contracts. The idea of moving all... Read more...
| Press ReleasesHalf of Bank Customers Choose Overdraft ProtectionABA survey shows customers value overdraft service WASHINGTON, Aug. 31 /PRNewswire-USNewswire/ -- A new survey shows 46 percent of bank customers report they did - or will - opt in to their bank's Read more >> Israel Discount Bank Earns NIS 158 Million in Q2 2010TEL-AVIV, Israel, August 31, 2010 /PRNewswire-FirstCall/ -- - Second Quarter Net Income Decreases 53.1% to NIS 158 Million, Compared With NIS 337 Million in Second Quarter 2009; Return on Read more >> FINRA Fines Zions Direct $225,000 for Failure to Disclose Potential Conflict of Interest in its Online CD AuctionsFirm’s Claims About CD Auctions Also Violated FINRA Advertising Rules WASHINGTON--(BUSINESS WIRE)-- The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Zions Direct, Read more >> Fitch: U.S. Bank TruPS CDO Defaults Pass 14% on July SpikeCHICAGO--(BUSINESS WIRE)-- Link to Fitch Ratings' Report: Fitch Bank TruPS CDO Default and Deferral Index (As of July 2010) Read more >> Consumers Get New Credit Card & Gift Card Protections on August 22WASHINGTON, Aug. 17 /PRNewswire-USNewswire/ -- Starting August 22, new regulations will go into effect that will help limit credit card and gift card fees and require banks to periodically Read more >> |
