Earlier this year Thomson Reuters Accelus surveyed more than 1,100 internal audit professionals from around the world, canvassing their views on the current state of internal audit and their greatest challenges for the year ahead.
This year will see the maturation of many significant regulatory reform programs that stemmed from the global financial crisis. Corporations, particularly multi-nationals, should expect compliance spending to increase to simply keep abreast of the changes and be prepared to meet shifting regulatory responsibilities.
The Singapore Exchange Limited (SGX) Listing Rule 1207(10), which came into effect on September 29, 2011, and is applicable for listed companies with financial year ending on or after December 31, 2011, ushered in a new chapter in the Singapore corporate governance landscape.
For reporting entities in New Zealand the one-year countdown to Compliance Day – June 30, 2013 – has well and truly begun. The introduction of the country's new anti-money laundering and counter financing of terrorism (AML/CFT) regime brings with it an onerous set of obligations.
At a critical time for the so-called gatekeeper professions, Thomson Reuters' Governance, Risk and Compliance has taken the opportunity to put together a white paper on the regulatory hot spots for the 2012-13 year. The paper outlines ASIC's main regulatory priorities, the approach it will take to supervision and enforcement in the year ahead and the industry sectors that need to consider themselves on a heightened state of compliance alert.
Enforcement action is moving from being seen as another cost of doing business to a sharply-focused deterrent aimed increasingly at individuals rather than firms. Chief executives and other senior figures are being targeted by regulators who need to not only be tough but to be seen to be tough. As a result, the assessment of the lessons to be learned from enforcement action needs to become a core competency at all financial services firms.
This paper tackles insurance advertising and other social media compliance questions and arrives at the following conclusion: Insurers who do not invest in social media compliance solutions will find themselves at a distinct disadvantage not only in the marketplace but with regulators as well.
This Thomson Reuters GRC report contains a range of in-depth analyses of vital areas and challenges that remain for firms in understanding this complex and subjective issue. While this report has its main focus on the new UK Bribery Act, bribery and corruption is an international issue and impacts all firms no matter where in the world they operate.
Regulatory reform does not begin and end with Dodd-Frank. In this special report, we discuss both the key areas addressed by the Act and also those developments outside the US, most particularly in Europe where most of the rest of reform originates.
This 38-page special report prepared by our global team of regulatory experts at Thomson Reuters GRC, provides critical insight into how we can expect to see the regulatory landscape evolving in 2012.
In this series, we discuss some of the indications, identifying the areas generating the most interest and the most resistance. We begin with articles examining the current status of regulatory reform in the US and in other nations. We also look in-depth at specific areas such as derivatives regulation and the 'Big Switch' from federal regulation to state regulation for many investment advisers.
This report on Corporate Governance in the UK focuses on 3 principal areas now facing boards and their advisors– Managing the Boards themselves; Managing the Risks that their companies face; and Managing the Growth opportunities amidst these prior two.
Financial services firms need to be aware of the threat hackers and cybercriminals pose to their IT systems and the data and intellectual property stored on them. Cybercriminals are becoming increasing sophisticated and innovating at an alarming pace. Indeed, cybercrime has been identified as the number one fraud trend firms find most alarming.
Without question, the Departments of Justice and Health & Human Services are pursuing healthcare fraud more aggressively than ever before. Media reports of corporate officer arrests and high-value settlements are becoming more frequent. Recognizing that large monetary settlements have not deterred illegal behavior, the federal government has started to apply new measures to combat the problem of health care fraud. Read the whitepaper to learn more.