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News Headlines

18 April 2018 - BOJ says employee likely stole gold coins worth 1.55 mil yen
Bank of Japan / 日本銀行
Source - https://english.kyodonews.net/news/2018/04/effe3e4bb946-boj-says-employee-likely-stole-gold-coins-worth-155-mil-yen.html
The Bank of Japan said Wednesday it suspects one of its employees stole commemorative gold coins worth about 1.55 million yen from its head office in Tokyo.

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16 April 2018 - Ex-UBS trader accused of spoofing robots fights charges of fraud
Flotron, André
Source - https://www.bloomberg.com/news/articles/2018-04-16/human-trader-accused-of-spoofing-robots-fights-charges-of-fraud
In science fiction, the machines are usually out to get the people. In the case of former UBS Group AG trader Andre Flotron, it’s the other way around.

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15 April 2018 - Hackers stole a casino's high-roller database through a thermometer in the lobby fish tank
Darktrace
Source - http://uk.businessinsider.com/hackers-stole-a-casinos-database-through-a-thermometer-in-the-lobby-fish-tank-2018-4?r=US&IR=T
Hackers are increasingly targeting 'internet of things' devices to access corporate systems — everything from CCTV cameras to air-conditioning units.

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13 April 2018 - U.S. funds file suit alleging banks' collusion in Mexico bond market
Santander
Source - https://uk.reuters.com/article/us-pensionfunds-mexicodebt-lawsuit/u-s-funds-file-suit-alleging-banks-collusion-in-mexico-bond-market-idUKKBN1HK1UL
Two U.S. pension funds filed a proposed class action in New York on March 30 against financial institutions in the market for Mexican government bonds, alleging they conspired to fix prices.

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13 April 2018 - ASIC fines Commonwealth Bank over financial advice which customers never received
Commonwealth Bank of Australia (CBA)
Source - http://www.news.com.au/finance/business/banking/asic-fines-commonwealth-bank-over-financial-advice-which-customers-never-received/news-story/068480ef210773d754ee7b91d9a019bb
Commonwealth Bank has agreed to pay $3 million after the corporate watchdog found two of the lender’s financial planning arms charged customers millions of dollars for advice they did not receive.

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12 April 2018 - Vietnam vows cryptocurrency crackdown after $864m fraud
Modern Tech Jsc (iFan and Pincoin)
Source - http://www.straitstimes.com/asia/se-asia/vietnam-vows-cryptocurrency-crackdown-after-864m-fraud
Vietnam has vowed to tighten regulations on cryptocurrencies as authorities investigate an alleged multi-million-dollar fraud in the country, where digital units are traded in a shadowy and unregulated market.

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12 April 2018 - The $105 billion ‘ghost stock' blunder rocking markets in Korea
Samsung Securities Co. / 삼성 증권
Source - https://www.bloomberg.com/news/articles/2018-04-12/the-105-billion-ghost-stock-blunder-rocking-markets-in-korea
It started with a $105 billion blunder, and then it got worse.

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09 April 2018 - China Central Bank fines Ant Financial’s Alipay for misleading ads, poor data protection
Ant Financial Services Group / 蚂蚁金服
Source - https://www.chinamoneynetwork.com/2018/04/09/china-central-bank-fines-ant-financials-alipay-for-misleading-ads-poor-data-protection
Alibaba’s third-party mobile payment platform Alipay has been fined RMB180,000 (US$28,535) for inadequate customer rights protection, publishing misleading advertising and improper data protection, according to an administrative penalty notice from People’s Bank of China, Hangzhou branch.

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07 April 2018 - JP Morgan denies negligence over $800m transfer
JPMorgan Chase & Co
Source - http://punchng.com/malabu-jp-morgan-denies-negligence-over-800m-transfer/
JP Morgan Chase has denied negligence over the transfer of more than $800m to Malabu Oil and Gas from the payment made for the purchase of an offshore oilfield, Oil Prospecting Licence 245, by Royal Dutch Shell and Eni in 2011.

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06 April 2018 - ASIC accepts enforceable undertaking from ANZ
Australia and New Zealand Banking Group (ANZ)
Source - https://www.investordaily.com.au/regulation/42812-asic-accepts-enforceable-undertaking-from-anz
ANZ has entered an enforceable undertaking with ASIC for failing to fairly compensate customers for services they paid for and never received.

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06 April 2018 - Investment manager Mackenzie fined for its mutual-fund sales practices
Mackenzie Financial Corp.
Source - https://www.theglobeandmail.com/investing/article-investment-manager-mackenzie-fined-for-its-mutual-fund-sales-practices/
Investment fund manager Mackenzie Financial Corp. has agreed to pay a $900,000 administrative penalty and $150,000 in investigation costs as regulators voice concerns surrounding their mutual-fund sales practices.

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04 April 2018 - Deutsche Bank, Morgan Stanley settle RMBS suit
Morgan Stanley
Source - https://www.law360.com/articles/1029935
Deutsche Bank National Trust Co. on Wednesday resolved its nearly 4-year-old suit accusing a Morgan Stanley unit of stuffing shoddy loans into a $735 million residential mortgage-backed securitization trust, having received settlement approval from a majority of the trust's investors.

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03 April 2018 - Westpac 'working hard' to fix payment outage
Westpac
Source - https://www.stuff.co.nz/business/102785229/westpac-working-hard-to-fix-payment-outage
Westpac was hit by a payment outage that lasted much of Tuesday.

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02 April 2018 - HSBC to pay $100 million to end Libor rigging lawsuit in U.S.
HSBC
Source - https://www.reuters.com/article/us-hsbc-libor-settlement/hsbc-to-pay-100-million-to-end-libor-rigging-lawsuit-in-u-s-idUSKBN1H6009
HSBC Holdings Plc has agreed to pay $100 million to end private U.S. litigation accusing it of conspiring to manipulate the Libor benchmark interest rate, becoming the fourth major bank to settle.

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31 March 2018 - Raiffeisen slapped with 2.7 million euro fine over lack of money laundering controls
Raiffeisen Bank International
Source - https://www.kyivpost.com/business/raiffeisen-slapped-2-7-million-euro-fine-lack-money-laundering-controls.html
Austrian regulators smacked Raiffeisenbank International with a 2.74 million euro fine on March 30 over charges that the bank failed to impose adequate anti-money laundering and terrorist financing controls.

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29 March 2018 - Barclays to pay $2b to settle Justice Department lawsuit
Barclays Bank
Source - https://www.upi.com/Top_News/US/2018/03/29/Barclays-to-pay-2B-to-settle-Justice-Department-lawsuit/4781522342112/?utm_source=sec&utm_campaign=sl&utm_medium=2
Barclays agreed Thursday to pay $2 billion to settle a civil lawsuit by the U.S. Department of Justice over the British bank's issuance of residential mortgage-backed securities.

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29 March 2018 - Malaysia's central bank says foiled attempts at unauthorised fund transfers
Bank Negara Malaysia
Source - https://www.reuters.com/article/malaysia-cenbank-cybersecurity-incident/malaysias-c-bank-says-foiled-attempts-at-unauthorised-fund-transfers-idUSL3N1RB3E2?rpc=401&
Malaysia’s central bank said on Thursday it had detected and foiled a cybersecurity incident involving attempted unauthorised fund transfers using falsified SWIFT messages.

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29 March 2018 - Japan regulator says Deutsche, Bank of America violated antitrust laws
Bank of America Merrill Lynch
Source - https://www.reuters.com/article/japan-antitrust-bonds/update-1-japan-regulator-says-deutsche-bank-of-america-violated-antitrust-laws-idUSL3N1RB3OQ?rpc=401&
Japanese regulators on Thursday said Bank of America Merrill Lynch and Deutsche Bank had violated antitrust laws in the alleged fixing of bond prices.

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28 March 2018 - FINRA fines Aegis Capital for anti-money laundering and supervision rule violations
Aegis Capital Corp.
Source - http://www.mondovisione.com/media-and-resources/news/finra-fines-aegis-capital-corp-550000-for-anti-money-laundering-and-supervisi/
The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Aegis Capital Corp. $550,000 for failing to have adequate supervisory and anti-money laundering (AML) programs tailored to detect "red flags" or suspicious activity connected to its sale of low-priced securities.

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28 March 2018 - Hack of Baltimore’s 911 dispatch system was ransomware attack, city officials say
City of Baltimore, MD (USA)
Source - https://www.washingtonpost.com/local/public-safety/hack-of-baltimores-911-dispatch-system-was-ransomware-attack-city-officials-say/2018/03/28/e273ef36-32a3-11e8-8abc-22a366b72f2d_story.html?utm_term=.bc467283f19e
The hack that forced Baltimore’s 911 dispatch system to be temporarily shut down over the weekend was a ransomware attack, city officials said Wednesday.

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Events

Location: New York, NY
Host: marcusevans North America
• Media partner
Join top experts from Wells Fargo, Citi, Bank of America, PNC and others to discuss and share best practices in qualitative and quantitative capital planning, implementing CECL and IFRS 9 guidelines, defining accounting elements in SMA proposal changes, vendor models and non-model tools, feedback from the regulators post-2017 CCAR and DFAST assessments, deposit modeling, economic capital calculations, and more!


Location: Etc Venues, London, EC3M 1AE
Host: Center for Financial Professionals
• Media partners
3rd Annual New Generation Operational Risk 2017 will bring together industry professionals to provide a platform for discussion, insights and reviewing of the top priorities across the industry. Operational risk is an area that is expanding in focus with many institutions deploying large resources and focusing attention on better management, understanding and most importantly adding value to the enterprise to overcome the direct and indirect risks associated. The Center for Financial Professionals looks to provide high-level insight on critical operational risk areas through interactive panel discussions, thought provoking presentations, interactive Q&A’s, luncheon roundtables and extensive networking opportunities to further progress the discussions.


Location: 8 Fenchurch Place, London, EC3M 4PB
Host: Center for Financial Professionals
• Media partners
The International Fund Management 2017 Summit brings together 300 asset and fund management professionals over two days to discuss and debate the latest in regulatory change, liquidity risk measurement and management, product innovation and much more, across multiple streams.


Location: London
Host: Center for Financial Professionals
The Insurance Risk Forum 2016 brings together senior insurance risk professionals to review the regulatory agenda, Solvency II, data requirements, impact of BREXIT in an era of technological advances.


Location: London
Host: Center for Financial Professionals
The Center for Financial Professionals invite you to attend Liquidity Risk Management Europe, a forum featuring interactive discussions and presentations from over 20 senior liquidity risk, treasury and ALM professionals. You and your colleagues can gain valuable insight from Credit Suisse, Standard Chartered, Nationwide, Barclays Capital, HSBC and many more leading financial institutions.


Location: New York City
Host: Center for Financial Professionals
Hosted by the Center for Financial Professionals, Cyber Risk Across Financial Institutions will feature interactive discussions and presentations assessing cyber risk best-practices across financial institutions for better understanding, management and compliance. Hear from 20+ senior risk professionals from leading financial institutions including; Lazard, AIG, BNY Mellon, State Street, Deutsche Bank, Bank of the West and more.


Location: New York City
Host: Center for Financial Professionals
Hosted by the Center for Financial Professionals, the New Generation Operational Risk conference is a forum featuring interactive discussions and presentations from more than 20 senior operational risk professionals. Over the two days you and your colleagues can gain valuable insight from the OCC and Federal Reserve Bank of New York.


Location: London
Host: Center for Financial Professionals
The Center for Financial Professionals invite you to attend Stress Testing Europe 2016, the leading European stress testing conference, which features keynote addresses from the European Central Bank, another key regulator to be announced soon, and a review of US stress tests from the Federal Reserve Board. Attending the Conference to also hear from over 20 senior stress testing professionals from FI’s including Nomura, HSBC, Credit Suisse, BNY Mellon, Barclays, Lloyds Banking Group, and more.


Location: London | One America Square
Host: Center for Financial Professionals (CFP Events)
Risk EMEA 2016 Conference will bring together industry professionals from a diverse range of global FIs to discuss FRTB, Risk & Regulation, Liquidity Risk, Capital Management.


Location: Amba Marble Arch | Bryanston Street | London | W1H 7EH
Host: Center for Financial Professionals (CFP Events)
FRTB 2016 conference will provide insight from Senior Market Risk professionals who will assess the costs and benefits of the Fundamental Review of the Trading Book and the challenges of implementation.


Location: London
Host: Institute of Operational Risk
This concise one day workshop in London will focus on the core components of the operational risk framework. It will provide the delegates with refresh of the latest tools and techniques for conducting risk and control self-assessments, selecting and analysing key risk indicators, and perfecting the loss data collection process. The course is very practical, uses group exercises and case studies.


Location: Grange City Hotel | London | EC3N 2BQ
Host: Center for Financial Professionals (CFP Events)
New Generation Operational Risk sets to provide insight from industry professionals implementing forward looking operational strategies to ensure compliance and safeguard against increasing technology threats.


Location: Frankfurt, Germany
Host: Center for Financial Studies
• Mike Finlay, CEO of RiskBusiness, participating in a panel discussion on the future of reputational consequence management.

Location: 71 Queen Victoria Street. London
Host: Funding Circle and Broadgate Search
• Mike Finlay, CEO of RiskBusiness, chairing this industry expert panel.
A Q&A panel discussion on digital disruption, with panellists Jerome Le Luel - Chief Risk Officer - Funding Circle (Previously Head of Risk Analytics at Barclays); Raghu Menon - Chief Risk Officer, Regions - Standard Chartered; Paul Rippon – Chief Risk Officer/ Deputy CEO – Mondo Bank (Digital bank) and Paul Harrald – Visiting Professor in Computing Science – UCL Engineering School.


Location: Panama City
Host: Marcus Evans Conferences
The changing financial environment and new national and international regulations necessitate a strategic, forward-looking view on enterprise risk management. The instability of Latin American markets and recurrent political volatility of the continent makes comprehensive risk management crucial in order to create a more sustainable financial sector. This conference provides a platform to share experiences and insight and discuss strategies to help strengthen ERM within your organisation.