In my previous articles on Financial Security, I have highlighted the high stakes involved in compliance matters. I have also underlined the complexity of transversal project and provided some clues on how those issues should be addressed . Once the gap has been offset, once appropriate compliance processes have been implemented, once training programs for existing staff and new comers have been rolled out, there will be only one outstanding…
Tag Archives: Banks;US;USD;Financial Security
Beyond the billions, compliance matters
The subprime crisis has opened a door for regulators and a wide path for compliance projects. The total amount paid so far by banks to the regulators beyond subprime has been very impressive especially when it comes to US regulators (231 bUSD out of 234bUSD since 2007). Around half of these fines has been paid by US banks. A couple of hundred bUSD later, many financial institutions have started and…