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Audit & Governance Weekly – 14th February 2020 – Fleet Search

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Please find your weekly financial services news roundup specifically tailored for Internal Audit, Risk, Regulatory and Governance professionals.

This news service is brought to you by Fleet Search and Selection – international specialists in Financial Services Internal Audit Recruitment.

Enjoy!

Craig and Paul

This week… 

US – CECL ACCOUNTING RULE CRITICIZED
New Credit-Loss standard could benefit lenders if regulators loosen capital requirements, study says
 read more

 

FCA SETS OUT KEY RISKS FOR CREDIT BROKERS
The FCA publishes its views (see pdf) on key risks credit brokers could pose to their consumers or markets…. read more

 

$850 MILLION COMPENSATION  – AUSTRALIA  BANK AND REGULATOR OVERHAUL
Banking royal commission calls for compensation, crackdowns and an overhaul of financial regulators… read more

 

BANK OF ENGLAND CAUTIONS EU OVER CROSS-BORDER FINANCIAL FIRMS
Bank of England Deputy Governor Jon Cunliffe cautions EU of management of major financial firms post Brexit... read more

 

GERMAN ONLINE BANK TO LEAVE UK POST BREXIT
German online bank N26 has become the first European lender to quit Britain… read more 

 

UK OPTIMISTIC FOR CONTINUED DERIVATIVES TRADING
UK hopeful of EU’s permission to continue to process derivatives for EU customers…read more

 

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