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Current RefinementsContent TypeNewsDate2010SectorPolicies & Regulatory ComplianceRemove all refinements DateNovember (4)December (9)
Search Results: News > 2010 > Policies & Regulatory Compliance
1-13 of 13 results
CFTC appoints new chief economist
By BBR Staff Writer
The Commodity Futures Trading Commission (CFTC) has appointed Andrei Kirilenko as its chief economist.
Policies & Regulatory Compliance > News
OFT mandates MBNA to improve debt collection practices
By BBR Staff Writer
The Office of Fair Trading (OFT) of UK has imposed requirements on credit card lender MBNA to secure improvements to the way its in-house debt collection arm deals with customers in financial difficulties.
Policies & Regulatory Compliance > News
UK Government launches consultation on Simple Financial Products
By BBR Staff Writer
UK Government has published a consultation document on Simple Financial Products. The consultation sets out proposals for financial products that will help promote personal responsibility, enable consumers to compare products and understand product features more clearly.
Policies & Regulatory Compliance > News
CFTC charges MXBK Group with defrauding hundreds of US customers
By BBR Staff Writer
The US Commodity Futures Trading Commission (CFTC) has filed an enforcement action in the US District Court for the District of Utah, charging MXBK Group, a private Mexican financial services holding company, and its forex trading division, MBFX SA, with issuing false customer statements and misrepresenting trading results on their website in connection with their forex trading enterprise.
Policies & Regulatory Compliance > News
CTFC wins $25.7m fine in forex Ponzi scheme case against CRE Capital
By BBR Staff Writer
The US Commodity Futures Trading Commission (CFTC) has obtained $25.7m in civil monetary penalties and restitution in a federal court consent order against CRE Capital Corporation (CRE) and its president and owner, James Ossie of Dawsonville, Georgia.
News
SEC charges Banc of America Securities with securities fraud
By BBR Staff Writer
The Securities and Exchange Commission (SEC) has charged Banc of America Securities (BAS) with securities fraud for its part in an effort to rig bids in connection with the investment of proceeds of municipal securities.
News
Union National Bank receives initial approval to operate in Kuwait
By BBR Staff Writer
UAE based Union National Bank (UNB) has received an initial approval from the Central Bank of Kuwait to operate in Kuwait and inaugurate a new branch the country.
Policies & Regulatory Compliance > News
SEC charges ex-Deloitte tax partner for insider trading
By BBR Staff Writer
The Securities and Exchange Commission (SEC) of US has charged a former Deloitte Tax partner and his wife with repeatedly leaking confidential merger and acquisition information to family members overseas in a multi-million dollar insider trading scheme.
Policies & Regulatory Compliance > News
European Commission rejects ING's request to repay hybrid capital to private investors
By BBR Staff Writer
The European Commission has rejected ING's request for an early repayment of around EUR1.2bn in hybrid capital to private investors as it has yet to fully reimburse the Dutch State for the support it received, a condition set in the Commission State aid decision of 2009.
News
FSA charges five former Blue Index staff for insider dealing
By BBR Staff Writer
Financial Services Authority (FSA) of UK has charged five individuals, including two former directors and one former senior trader of Blue Index, a specialist Contract for Difference (CFD) brokerage, with 17 counts of insider dealing.
Policies & Regulatory Compliance > News
CSA, IIROC publish proposals on regulatory framework for Dark Pools
By BBR Staff Writer
The Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) have published for comment Joint CSA/IIROC Position Paper 23-405 Dark Liquidity in the Canadian market, which sets out the CSA and IIROC position regarding the regulatory framework for Dark Pools and Dark Orders in Canada.
Policies & Regulatory Compliance > News
EU's new financial market supervision system signed into law
By BBR Staff Writer
The president of the European Parliament, Jerzy Buzek, and Belgium's State Secretary for European Affairs, Olivier Chastel, have formally signed into law the financial supervision package, which will establish new authorities oversee the operation of banks, securities markets and insurance companies, as well as monitoring the build up of risk in the economic system as a whole.
Policies & Regulatory Compliance > News
FSA recommends changes to mortgage sales process
By BBR Staff Writer
The Financial Services Authority (FSA) of UK has outlined proposals which focus on enhancing the mortgage sales process, the role of intermediaries and improving disclosure of information for customers.
News

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Revenue Leakage – Opportunity Calling! By Suntec
Revenue Leakage has been a universal phenomenon, gnawing up the profit margins of transaction-based industries, especially across their business support systems. Though the Banking industry people are particularly quick in acknowledging the glaring prevalence of revenue leakage, they are not able to pinpoint its source or quantity, or chart methodologies to ensure Revenue Assurance.... Banking Services > Commercial Banking > White Papers Customer Profitability Vs. Customer Satisfaction: Keep Guessing or Model your Pricing Strategies By Suntec
Most financial institutions do not have a clear understanding of what or who drives their profitability. They make assumptions or guesswork, and most of the time, try and fix their profitability metrics into the 80/20 rule or something similar — the majority of profits (80%) come from a minority (20%) of customers, products or business segments. Is profitability as simple as this? While there is no denying the 80/20 rule, how does an organization find this 20%? ... Banking Services > Commercial Banking > White Papers Banks - Reward Your Customers Incrementally, Based on Their Profitability By Suntec
Financial Institutions (FI) are on the verge of a strategic make-over. The market conditions imply an increased need to generate revenues and customer profitability, to ensure sustainability and future business success. In order to achieve these objectives, the FIs need to devise strategies that leverage customer relationships in a way that has never been done before. ... Banking Services > Commercial Banking > White Papers Achieving Measurable Gains by Automating Claims Processing By Kofax
Moving to a fully automated process is a goal for claims processing of nearly all insurance executives. Companies are at various levels of automation and often do not have an appropriate strategy to achieve higher levels of automation. This white paper identifies seven levels of claims automation and provides a roadmap that can be followed to enhance claims processing. This straightforward approach can be used to increase the likelihood of successful automation. Download this free white paper from Kofax to find out more.... White Papers Customer Centricity: The Key to Success in Retail Banking By Kofax
The economic slowdown has forced many banks to redirect their focus to retail banking and reinvent themselves as customer-centric organizations. But many institutions still use legacy infrastructures and processes that hinder necessary readjustments, in particular with regard to information exchange and customer communication. This white paper explains how these difficulties can be overcome, and how banks and financial institutions can reengineer core IT and business processes to support their business objectives. Download this free white paper from Kofax to find out more.... White Papers See more
1-13 of 13 results