Operational Risk Management – Key Shifts Required to Rise to the Challenge blog
By Brian Barnier, OCEG Fellow
United Kingdom, Financial Service Act 2010 resource National Laws OCEG Reviewed
From the Executive Summary: FSMA currently sets out four objectives for the FSA (Financial Services Authority). These are: maintaining confidence in the financial system; promoting public understanding of the financial system; securing the appropriate degree of protection for consumers; and reducing financial crime.
Government in Financial Services: Exits and Strategies (2010) resource White Papers OCEG Reviewed
This report includes findings from C-suite executives, heads of central banks, regulators and industry think tanks on exit routes available for governments to reverse their directive role.
FDIC, U.S. Banking Agencies Express Support for Basel Agreement (September 2010) resource Articles OCEG Reviewed
September 12, 2010: Joint release from the Board of Governors of the Federal Reserve System, theOffice of the Comptroller of the Currency and the Federal Deposit Insurance Corporation.
FDIC, Implementation of the New Basel Capital Accord in the U.S. resource Agency Web Sites OCEG Reviewed
The Board of Directors of the Federal Deposit Insurance Corporation has approved publication of the final rules regarding Risk-Based Capital Guidelines; Implementation of New Basel Capital Accord. The final rules are being issued on an interagency basis by the federal banking and thrift regulatory agencies.
The Group of Governors and Heads of Supervision reach broad agreement on Basel Committee capital and liquidity reform package (July 2010) resource Standards and Guidelines OCEG Reviewed
Introduction: The Group of Governors and Heads of Supervision, the oversight body of the Basel Committee on Banking Supervision, met on 26 July 2010 to review the Basel Committee's capital and liquidity reform package.
BIS, Group of Governors and Heads of Supervision announces higher global minimum capital standards (September 2010) resource Standards and Guidelines OCEG Reviewed
Introduction: At its 12 September 2010 meeting, the Group of Governors and Heads of Supervision, the oversight body of the Basel Committee on Banking Supervision, announced a substantial strengthening of existing capital requirements and fully endorsed the agreements it reached on 26 July 2010.
Dodd-Frank Wall Street Reform and Consumer Protection Act, Public Law 111-203, H.R. 4173 (111th Congress, 2010) resource National Laws OCEG Reviewed
On July 21, 2010, President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act (H.R.
NAIC/AICPA Working Group resource Organizations & Associations OCEG Reviewed
National Association of Insurance Commissioners Committe Page:
The NAIC/AICPA Working Group addresses financial solvency issues and works with the American Institute of Certified Public Accountants (AICPA) on various issues.
Japan, FSA Newsletter (English Version, Published Monthly) resource Agency Guidances OCEG Reviewed
English translations of Japan's Financial Service Agency's (FSA) monthly newsletter begins with the October 2005 issue.
The FSA Newsletter explains important measures and policies that the Financial Services Agency announced, clarifies laws and ordinances or financial terms and so on.
