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News Headlines

20 June 2017 - Ex-Barclays execs charged with conspiracy to commit fraud
Barclays Bank
Source - http://uk.reuters.com/article/barclays-qatar-charges-idUKL8N1JH0SG
Four former Barclays executives have been charged with conspiracy to commit fraud after a five-year investigation by the UK’s Serious Fraud Office (SFO).

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20 June 2017 - South Korean firm pays US$1m cyber ransom
Nayana
Source - http://www.bbc.com/news/technology-40340820
A web hosting firm based in South Korea has agreed to pay out what is believed to be a record ransom amount to cyber criminals.

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13 June 2017 - Westpac suffers IT glitch during bank holiday
Westpac
Source - https://www.finextra.com/newsarticle/30684/westpac-online-services-go-on-holiday-for-queens-birthday?utm_medium=dailynewsletter&utm_source=2017-6-14
Westpac suffered a major IT outage locking customers out of their accounts over the Australian bank holiday weekend for the Queen’s birthday.

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13 June 2017 - Hackers selling data from QNB and UAE InvestBank on the dark web
Qatar National Bank (QNB)
Source - http://www.ibtimes.co.uk/dark-web-hackers-selling-stolen-data-qatar-national-bank-uae-investbank-1625984
Hackers who stole data in 2016 from the Qatar National Bank (QNB) and UAE InvestBank are believed to be selling it on the dark web.

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12 June 2017 - Deutsche to pay US$170m Euribor-rigging settlement
Deutsche Bank
Source - http://uk.reuters.com/article/us-deutsche-bank-euribor-settlement-idUKKBN1932HV
Deutsche Bank will pay a US$170m settlement to draw a line under a lawsuit brought against it by investors over alleged rate rigging.

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08 June 2017 - ABN Amro sacks 10 managers over mortgage fraud
ABN Amro
Source - http://nltimes.nl/2017/06/08/abn-amro-sacks-10-managers-mortgage-fraud-100-staffers-reprimanded
ABN Amro has found 114 employees guilty of forging signatures on mortgage advice reports after a major internal investigation.

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08 June 2017 - US lawsuit accuses 12 big banks of CDS collusion
Tera Exchange
Source - http://www.reuters.com/article/banks-teraexchange-lawsuit-idUSL1N1J50U2?rpc=401&
A trading exchange has filed an antitrust lawsuit against 12 major banks for allegedly conspiring to push it out of the credit default swap market.

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07 June 2017 - HSBC could face fresh litigation over forex
HSBC
Source - https://www.ft.com/content/1c83500c-4ada-11e7-919a-1e14ce4af89b
HSBC is facing possible legal action over allegations of historical foreign exchange market manipulation.

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07 June 2017 - BPI suspends transactions due to glitch
Bank of the Philippine Islands (BPI)
Source - https://www.afp.com/en/news/2266/philippine-bank-chaos-money-goes-missing-accounts
A major Philippine bank was forced to suspend all online and ATM transactions when money went missing from customer accounts this week.

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07 June 2017 - FCA charges ex-UBS compliance officer with insider trading
UBS
Source - https://www.bloomberg.com/news/articles/2017-06-07/ex-ubs-compliance-officer-among-2-charged-with-insider-trading-j3n6iz6k
A former UBS Group compliance officer has been charged with insider trading by the UK’s Financial Conduct Authority, Bloomberg reports.

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06 June 2017 - BofA pays Tutor Perini US$37m to settle fraud case
Bank of America
Source - http://uk.reuters.com/article/us-bank-of-america-tutor-perini-idUKKBN18X2X7
Bank of America has settled a crisis-era lawsuit with construction company Tutor Perini for US$37m.

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02 June 2017 - Ex-Deutsche trader aiding US spoof probe
Deutsche Bank
Source - https://www.bloomberg.com/news/articles/2017-06-02/trader-pleading-guilty-in-metals-probe-tied-to-deutsche-bank
A trader who pleaded guilty to manipulating futures contracts in precious metals did so whilst he was working at Deutsche Bank, reports Bloomberg.

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02 June 2017 - BNP Paribas fined for poor AML controls
BNP Paribas
Source - https://uk.reuters.com/article/uk-bnp-paribas-moneylaundering-idUKKBN18T2JE
France’s banking regulator, the French Prudential Supervision and Resolution Authority (ACPR) has fined BNP Paribas €10m for AML failures.

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01 June 2017 - FINRA suspends ex-Morgan Stanley trader for Venezuelan bond deals
Morgan Stanley
Source - https://www.reuters.com/article/us-venezuela-bonds-morgan-stanley-idUSKBN18S5MP
The Financial Industry Regulatory Authority (FINRA) announced today that it has barred former Morgan Stanley Smith Barney registered representative John Batista Bocchino for concealing approximately US$190m in Venezuelan bond trades from the firm, which had restricted such trading due to the regulatory, anti-money laundering and reputational risks it posed.

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30 May 2017 - Bank of Ireland fined for AML failures
Bank of Ireland
Source - http://www.independent.ie/breaking-news/irish-news/bank-of-ireland-fined-for-breaching-money-laundering-and-terror-financing-rules-35769364.html
The Central Bank of Ireland has fined Bank of Ireland (BOI) €3.15m and reprimanded it for 12 breaches of anti-terrorist finance laws over three years.

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30 May 2017 - Fed fines Deutsche Bank US$41m AML failures
Deutsche Bank
Source - http://abcnews.go.com/Business/wireStory/fed-fines-deutsche-bank-41m-money-laundering-controls-47733133
The US Federal Reserve Board on Tuesday announced a US$41m penalty and consent cease and desist order against the US operations of Deutsche Bank for anti-money laundering deficiencies.

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30 May 2017 - MAS fines Credit Suisse and UOB for 1MDB-related AML failures
Credit Suisse
Source - http://www.cnbc.com/2017/05/29/singapores-central-bank-fines-credit-suisse-and-uob-for-1mdb-related-transactions.html
The Monetary Authority of Singapore (MAS) has completed its two-year review of banks involved in transactions with scandal-ridden Malaysian state-owned fund, 1MDB.

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29 May 2017 - BA passengers face third day of disruption
British Airways
Source - https://www.theguardian.com/business/2017/may/29/ba-computer-crash-passengers-face-third-day-of-disruption-at-heathrow
Chief executive of British Airways, Alex Cruz, has confirmed 75,000 customers have been affected by delays and cancellations caused by a major IT issue at the airline over the bank holiday.

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26 May 2017 - SunTrust Bank fined US$1.5m for National Flood Insurance Act violations
SunTrust
Source - http://www.bizjournals.com/atlanta/news/2017/05/26/federal-reserve-fines-suntrust-bank-1-5-million.html
The US Federal Reserve has fined Atlanta-based SunTrust Bank US$1.5m for violations of the National Flood Insurance Act.

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25 May 2017 - BNP Paribas pays US$350m to settle foreign exchange investigation
BNP Paribas
Source - http://www.hitc.com/en-gb/2017/05/25/bnp-paribas-to-pay-350m-to-settle-new-york-currency-rigging-inve/
Financial Services Superintendent Maria Vullo has announced that BNP Paribas SA (BNPP) and its New York branch will pay a US$350m fine as part of a consent order entered into with the New York State Department of Financial Services (NYDFS) for "significant, long-term" banking-law violations in its global foreign-exchange business. The NYDFS says it has identified “major deficiencies in the bank’s oversight that allowed nearly unfettered misconduct” involving more than a dozen traders and salespeople.

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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.