Economy

Banks Collaborating on Account Management Automation

Jaclyn Jaeger May 01, 2012

The world's largest banks are working together to build a system that will standardize and simplify the management of their corporate clients' bank accounts. Known as eBAM, the system automates the process and uses common terms to manage accounts. It also simplifies creation of reports that aggregate and analyze data, makes it easier to audit the accounts, and improves security features for clients. Details inside.

Risk Study Outlines Strategic Shift

Tammy Whitehouse April 03, 2012

A new study of corporate risk-management efforts has spotlighted a burgeoning effort to shift toward a more strategic, board-level, "are we prepared to recover?" approach that might help companies withstand today's risk environment. "Risks are more interconnected, and the ramifications of risk are happening at a faster pace than they ever have in the past," says Ken Coy, U.S. leader for PwC's governance, risk, and compliance practice.

JOBS Act Inspires Criticism of Regulatory and Governance Rollback

Tammy Whitehouse March 27, 2012

The newest members of the public company ranks will now have five years to avoid corporate governance requirements, thanks to the JOBS Act passed by Congress last week. Critics say the measure will do little more than play to scam artists. "With securities fraud running at a record level ... any reasonable person would understand there needs to be adequate protection of investors," says Lynn Turner, governance activist and former SEC chief accountant.

Regulatory Changes at Record Levels

Karen Kroll February 14, 2012

Regulators around the world issued an average of 60 new or amended rules per day last year, according to a study from Thomson Reuters, and 2012 is likely to bring still more thanks to the Dodd-Frank Act and similar laws. "For end users, there's a scary amount of work ahead," says Alex Robson, chief editor of the report. A round-the-world tour of compliance officers' headaches is inside.

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Survey of the Week

Deloitte is conducting their annual Look Before You Leap: Managing Risks in Global Investments survey to better understand the approaches companies are taking to address compliance and integrity-related risks in emerging markets.