Conduct Risk for Internal Auditors The term “conduct risk” has led many organisations to restructure their regulatory compliance processes and embark major initiatives to ensure regulatory risk management is fine-tuned….
AI on PRA’s Radar Screen Deputy Governor of the Bank of England, Sarah Breeden, yesterday gave a fascinating speech to a Hong Kong conference on the PRA’s thinking on AI….
Car Finance Market in Disarray Consumer credit providers have met with the UK Treasury and regulators to request a freeze in the processing timeframes for complaints. This follows a shock…
Latvian Bank Owner Orders Hit The owner of a Latvian bank has been sentenced to 15 years in prison for ordering a hit on a whistleblower. Mihails Ulans, the former…
HSBC Exceeds Expectations USBC has exceeded analysts’ expectation by reporting a 10 per cent increase in third quarter profits to $8.5 billion. Wealth management fee income was the major driver….
Basel 3 Capital Concerns A senior US banking regulator has voiced concerns that the banking industry risks unraveling all of the good work on capital. Michael Hsu, acting Comptroller of…
City Misconduct Rises The UK’s Financial Conduct Authority has published the results of its first mandatory census into misconduct. It found that incidents of misconduct are up by two thirds…
Intesa Job Cuts Italian bank Intesa has announced it has reached an agreement with trade unions to cut 9,000 jobs during the next three years. Cost cutting and digitalization has…
Citi Hires New Group Audit Strategy and Change Head Citigroup has appointed Nicholas Crapp to the position of head of strategy and change for Group Audit. Nicholas, of former RBS…
Auditing Culture – A New Perspective The UK Code of IIA Practice (which comes into force in January next year) requires all internal audit functions to engage with organizational culture….