Tag:
Financial Oversight
Latest Headlines
Latest Headlines
Are banks liable for Sarbanes-Oxley sign-off lapses?
With the release of a trove of material by the Financial Crisis Inquiry Commission, Citigroup's CEO Vikram Pandit and then CFO Gary Critteneden have come under renewed criticism for their decision to
GRC and ERM, a fine distinction?
You've heard a lot obviously about governance, risk and compliance software. But you've probably heard more about enterprise risk management recently. Some think that in the wake of the financial
Market surveillance lacking in a few areas?
The equity markets held up well structurally during the financial crises, and that's reason to cheer. Volume wasn't an issue--even with the presence of high frequency, high volume traders and the
Risk disclosure center stage for boards
It's fair to say that the new risk disclosure requirement by the SEC looms as a huge issue for the entire board. But a recent KPMG survey found that more than half are confident that their board is
Update: OTC derivatives and exchanges
A recent House bill, known as the Over-The-Counter Derivatives Market Act if 2009, states plainly that many swaps, including credit default swaps, are to be traded on exchanges. You would think the
Technology and regulatory oversight
Given all the news in the financial services industry--not all of it rosy--it was easy to overlook the recent hearing by the House Financial Services Oversight and Investigations Subcommittee on
Will Mary Shapiro slow the move toward IFRS?
Mary Shapiro duly attended a recent meeting of the IASC Foundation Monitoring Board, a group formed by International Accounting Standards Committee Foundation, reports CFO.com. Sarbanes-Oxley
Should a certain computer platform be considered a red flag?
In a minor PR hit to IBM, IT Jungle offers an article noting "the fact that the AS/400 is a notoriously difficult platform for auditors to crack ." Many regulations that affect IT are commonly written
CalPERS to re-ignite as governance force?
There was a day when CalPERS, the big California state pension, was a feared force in the world of corporate governance. It wasn't afraid to take stands against companies that underperformed. Ending
Fair to beat up on the SEC?
Ever since the Bernard Madoff scandal broke open, the media has been rife with lamentations that the SEC was remiss in its oversight of the firm. It has certainly proven to be a PR black eye. Some
