By Jeff Dale2025-01-08T17:13:00
Portuguese bank Novo Banco, S.A., fired Chief Risk Officer Carlos Jorge Ferreira Brandão “with just cause” after an internal probe discovered “suspicious financial transactions” in his sphere.
In an announcement Tuesday, the bank said the allegations against Brandão are “not related nor associated, in any way, with the bank” and have no impact on “clients, clients’ accounts or transactions,” or on its finances or activity, commercial operations, risk management, or employees.
After discovering the suspected issues via an internal investigation, the bank filed a complaint with Lisbon’s public prosecutor, which led to the now “ongoing investigation,” the bank said.
2016-02-24T12:00:00Z By Paul Hodgson
The European Union’s Single Resolution Mechanism (SRM), part of a larger post-financial crisis initiative known as the Bank Recovery and Resolution Drive (BRRD), has recently received further implementation. The advancement of SRM means that banks must have recovery plans, but EU-level authorities can intervene if they sense a bank is ...
2014-09-17T12:15:00Z By Roberta Holland
2025-08-21T19:59:00Z By David Cole and Michael Mayes, CW guest columnists
In today’s complex and rapidly evolving regulatory compliance environment, organizations should have a thorough and effective internal investigations program in place to address any allegations of misconduct.
2025-08-06T14:00:00Z By Aaron Nicodemus
The Trump administration’s designation of Mexican cartels as terrorist organizations in February has made doing business in Mexico riskier than ever before for corporations.
2025-06-26T15:37:00Z By Aaron Nicodemus
Bank examiners at the Federal Reserve Board will no longer assess reputational risk during examinations, a concession to the banking industry already underway with two other U.S. regulators.
2025-05-29T16:07:00Z By Aaron Nicodemus
Corporate governance is, all too often, handed down from generation to generation. Like a well-worn jacket, it works great—until it doesn’t. Typically, it is a crisis that forces companies to reassess their corporate governance framework, as gaps are filled and poor policies rewritten. But it doesn’t have to be that ...
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