McKinsey & Company has acquired Risk Dynamics, a leading risk analytics firm based in Brussels, from where it serves many of the world’s leading financial services companies. This acquisition reflects their joint commitment to becoming a global leader in model validation, model risk management and model advisory support for the financial services sector.  Continue reading…

The Financial Conduct Authority (FCA) has fined five individuals and two firms a total of £15.5m, in addition to banning four of those individuals, for significant integrity and competence failings.
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Zika virus is spread to people through mosquito bites. The most common symptoms of Zika virus disease are fever, rash, joint pain, and conjunctivitis (red eyes). The illness is usually mild with symptoms lasting from several days to a week. Severe disease requiring hospitalization is uncommon. Continue reading…

The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have decided to start investigations into certain former HBOS senior managers. These investigations will determine whether or not any prohibition proceedings should be commenced against them. The FCA and PRA continue to review materials with a view to making further decisions regarding other former HBOS senior managers.

Group Compliance Officer Eva-Lotta Rosenqvist has decided to leave Nordea.Eva-Lotta Rosenqvist will continue in her current role until further notice. The recruitment process to find a new Group Compliance Officer has been initiated.  Continue reading…

Andrew Bailey is currently the Deputy Governor for Prudential Regulation at the Bank of England and Chief Executive Officer of the Prudential Regulation Authority. Andrew is expected to take up the role in July 2016.
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by Xavier Verhaeghe

This is probably the coolest time in the history of IT. The sheer number of exciting projects which transform companies or complete industries is astonishing. And many of those transformations are enabled by new innovative uses and capabilities of information technology.

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PA Consulting Group has launched a new tool to help companies ensure their talent is fit for purpose, both now and in the future. Talent Gene is a suite of online tools based on extensive research with leading companies. It provides a unique multi-layered system that enables organisations to improve the way they manage the attraction, retention and development of talent.

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The Basel Committee on Banking Supervision has today issued the revised minimum capital requirements for market risk as agreed by its oversight body – the Group of Governors and Heads of Supervision (GHOS). The revised market risk framework is a key component of the Basel Committee’s overall efforts to reform global regulatory standards in response to the global financial crisis. Continue reading…

The Dubai Financial Services Authority (DFSA) has deprecated MAS Clearsight Limited (MAS) and requires MAS to pay compensation of USD 3,200,000 (AED 12,044,800) to 20 investors for breaching DFSA’s Law and Rules.  Continue reading…