Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Save to My Library
Look up keyword
Like this
3Activity
0 of .
Results for:
No results containing your search query
P. 1
Monday November 26 2012 Top 10 Risk Compliance News Events

Monday November 26 2012 Top 10 Risk Compliance News Events

Ratings: (0)|Views: 17 |Likes:
Published by George Lekatis
International Association of Risk and Compliance Professionals (IARCP)
http://www.risk-compliance-association.com

Every Monday
Top 10 risk and compliance management related news stories and world events
Do you want to receive (at not cost) every Monday the Top 10 risk and compliance management related news stories and world events that (for better or for worse) shaped the week's agenda, and what is next?
You can register at:
http://www.risk-compliance-association.com/Top_10_Risk_Compliance_Management_Stories_Events.html

Receive the New Member Orientation Newsletters
You will have the opportunity to learn (at not cost) what members registered before you have already learned. Understand better risk and compliance management, projects, careers, challenges and opportunities.
You can register at:
http://www.risk-compliance-association.com/New_Member_Orientation_Newsletters.html
International Association of Risk and Compliance Professionals (IARCP)
http://www.risk-compliance-association.com

Every Monday
Top 10 risk and compliance management related news stories and world events
Do you want to receive (at not cost) every Monday the Top 10 risk and compliance management related news stories and world events that (for better or for worse) shaped the week's agenda, and what is next?
You can register at:
http://www.risk-compliance-association.com/Top_10_Risk_Compliance_Management_Stories_Events.html

Receive the New Member Orientation Newsletters
You will have the opportunity to learn (at not cost) what members registered before you have already learned. Understand better risk and compliance management, projects, careers, challenges and opportunities.
You can register at:
http://www.risk-compliance-association.com/New_Member_Orientation_Newsletters.html

More info:

Categories:Types, Business/Law
Published by: George Lekatis on Dec 03, 2012
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

06/14/2013

pdf

text

original

 
Page|
1
 _____________________________________________________________ International Association of Risk and Compliance Professionals (IARCP) www.risk-compliance-association.com
International Association of Risk and ComplianceProfessionals (IARCP)
1200 G Street NW Suite 800 Washington, DC 20005-6705 USA Tel: 202-449-9750  www.risk-compliance-association.com
 Top 10 risk and compliance management related news storiesand world events that (for better or for worse) shaped the week's agenda, and what is next
Dear Member,
Finance is an industry that sells nothing physical, nothing that you can kick: it sells promises: promises to pay, promises you areasking your customers to trust.But the perceptionin the minds of many members of the public
 – 
 including many of your potential and current clients
 – 
is that the financialindustry lacks integrity, and this view isnot aided by some of the moretorrid storiesfrom this summer
 – 
headlines about rate-rigging, Mexicandrug lords, and Iranian weapons proliferators will not have helped rebuildtrust in the financial sector collectively.
  Who said that? Tracey McDermott, director of the Enforcement and Financial CrimeDivision (FSA UK)Read more atNumber 7of our list. Also:
On August 21, 2012, a whistleblower who had helped the Commissionstop an ongoingmulti-million dollar fraud received an award of 30  percent-- the maximum percentage payout allowed by law -- of the
amount collected in the Commission’s enforcement action a
gainst the perpetrators of the scheme.
 
Page|
2
 _____________________________________________________________ International Association of Risk and Compliance Professionals (IARCP) www.risk-compliance-association.com
 The award recipient in this matter submitted a tip concerning the fraudand then provided documents and other significant information that
allowed the Commission’s
investigation to move at an accelerated paceandultimately led to the filing of an emergency action in federal court to prevent the defendants from ensnaring additional victims and furtherdissipating investor funds.
 The whistleblower’s assistance led to the court ordering more than $1
million in sanctions, of which approximately $150,000 had been collectedby the end of the fiscal year.In accordance with the 30 percent award determination, on August 21,2012, the whistleblower was
 paid nearly $50,000.”
  Who said that? We can read it at the Annual Report on the Dodd-Frank WhistleblowerProgram, from the staff of the U.S. Securities and Exchange CommissionRead more atNumber 1. Also, atNumber 8you can read a really interesting speech from Jaseem  Ahmed, Secretary General, Islamic Financial Services Board (IFSB).  AlthoughI confess I did not fully understand his first sentence 
“Assalamu’alaikum warahmatullahi wabarakatuh and a very good
morning to all of you
”,
I found the content very interesting. 
For example: “
Islamic finance offers a major opportunity for diversifyingthe investor base, and raising investor interest in Africa.
 
 Also, “
following the pioneering efforts of countries such asSudan,Bahrain and Malaysia, governments are integrating Islamic financeinstruments into their public finance and expenditureframeworks
through sovereign Sukūk issuance programmes”
  Welcome to the Top 10 list.
 
Page|
3
 _____________________________________________________________ International Association of Risk and Compliance Professionals (IARCP) www.risk-compliance-association.com
U.S. Securities and Exchange Commission
 Annual Report on the Dodd-Frank  Whistleblower Program, Fiscal Year 2012
 This is a Report of the Staff of the U.S. Securitiesand Exchange Commission. The Commission has expressed no view regarding the analysis, findings, or conclusions contained herein.
 
Current focus of the Basel Committee:Raising the bar
Remarks by Mr Stefan Ingves,Governor of Sveriges Riksbank and Chairman of the BaselCommittee on Banking Supervision(At the 7th High-Level Meeting jointly organised by the Association of Supervisors of Banks of the Americas, the Basel Committee on BankingSupervision and the Financial Stability Institute, Panama City, Panama)
Challenges in housing and mortgage markets
Speech by Mr Ben S Bernanke,Chairman of the Boardof Governors of the Federal Reserve System, at theOperation HOPE Global Financial Dignity Summit, Atlanta, Georgia.

Activity (3)

You've already reviewed this. Edit your review.
1 hundred reads
bhn2you liked this
drsivaprasad7 liked this

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->