Knowledge base  Governance - Behavioral Risk - Soft Controls

View all AML - CDD - KYC Artificial Intelligence Basel Brexit ERM GDPR Governance - Behavioral Risk - Soft Controls Insurance MiFID Security 

New rules in relation to whistleblowing

06 October 2015
Knowledge Base

The Financial Conduct Authority (FCA), alongside the Prudential Regulation Authority (PRA), has today published new rules in relation to whistleblowing. These changes follow recommendations in 2013 by the Parliamentary Commission on Banking Standards (PCBS) that banks put in place mechanisms to allow their employees to raise concerns internally (i.e. to ‘blow the whistle’) and that they appoint a senior person to take responsibility for the effectiveness of these arrangements.

Continue reading…

Young people and corruption

19 September 2015
Knowledge Base

by Evert-Jan Lammers

Last week Transparency International (TI) has announced its global Strategy 2020. One of the focal points of the strategy is “More prevention”. TI Greece’s representative was serious when he joked: “More prevention until 2020 is not enough for Greece. I need two generations to achieve real change.” He hit the nail on the head. A non-governmental organization better spends its time and money on the next generation than on the current one.

Continue reading…

Bruno Colmant

Bruno Colmant

Head of Macro Research Bank Degroof Petercam

The real crisis is about the role of government

30 October 2014
Knowledge Base

Various labels – subprime, bank lending, sovereign debt and monetary – have been used since 2008 to describe the economic crisis. Yet its scope doubtlessly extends far beyond these spheres. The crisis poses a fundamental question for society about the role of government, squeezed between unpredictable global corporations and public debt that requires refinancing to guarantee social order. Gorged on debt, governments are hostages to banking sectors, themselves prisoners of central banks that need to support private enterprise by constantly providing liquidity. Continue reading…

A personal view about meeting regulatory expectations

10 October 2014
Knowledge Base

by Melvyn Morrison

Nico Zwikker is the former Head of Compliance at the ABN Amro Group. He started his career as a lawyer at the Amsterdam Bar and went on to the banking industry where he has been active during the past 25 years. Zwikker has previously also held a number of senior positions, including working as a lawyer and as a risk manager. His extensive experience in compliance, reputation and regulatory risk management encompasses a wide range of business risk profiles. During the course of his career, Nico has embarked on a stakeholder management approach in dealing with regulators (including national regulators and a significant number of foreign regulators), and he is fully conversant with the fast-evolving regulatory banking and securities landscape.

Continue reading…