You’re all signed up for Risk Channel
Thank you for your interest in our service.
Watch out for a confirmation email from our subscriptions team. Once you have confirmed you will join the worldwide community of over 14,000 subscribers who are receiving daily Risk intelligence to lead, innovate and grow.
Note: Due to the nature of this message you may find this in your "promotions" or "spam" folders, please check there. If nothing arrives within a few minutes let us know. If you do not receive this email we will be happy to help get you set up.
Adding the email address [email protected], will help to ensure all newsletters arrive directly to your inbox.
Recent Editions
Risk Channel
North America
The Securities and Exchange Commission (SEC) has said it will give the subjects of investigations more time at the outset to respond to notices of potential charges and an opportunity to meet with staff within four weeks, as the agency moves to update its internal enforcement protocols, which were last published in 2017. The updated enforcement manual will ensure "greater uniformity," SEC enforcement director Margaret Ryan said. "We're trying to be more efficient. This gives [subjects of probes] enough time to focus on legal or factual issues and to respond in a meaningful way," Ryan added. "We're hoping to underscore the importance of open, informed dialogue." Robert Frenchman, a defense lawyer with Dynamis, said: "More predictability is a good thing here. In the past, the process was very ad hoc and informal."
Full Issue
Risk Channel
UK/Europe
Chief executives from major banks in Britain and Europe have united to voice their concern over complex regulations that they say hinder growth and competitiveness. Writing in the Times, the chief executives of the British banks Barclays, HSBC and Standard Chartered - and the bosses of European lenders including Santander, Deutsche Bank, UBS and BNP Paribas - have warned of "regulatory divergence" with the US, where the government has started to reduce requirements for the industry. They warn that "excessive caution" has led to an "overly complex regulatory system that hampers the deployment of capital." The Bank of England has begun reviewing capital requirements, but critics fear that loosening rules could lead to future financial instability. The banking bosses have called for urgent reforms, saying that the Bank's capital review "is an opportunity to put the UK's regime to the test" and warning: "There is no time to waste, nor excuses to delay these vital reforms."
Full Issue