Topic: Regulations and Compliance

The Reasoning Behind Basel III

In an interview with Knowledge@Wharton, Wharton finance professor Richard J. Herring discusses the reasoning behind the new capital-adequacy requirements in Basel III, some shortcomings and how the financial services industry will begin to cope with it. For the...

What is Money Laundering?

Money laundering is the process by which the proceeds of the crime, and the true ownership of those proceeds, are concealed so that the proceeds appear to have come from legitimate sources. Generally money laundering is the process by which one conceals the existence,...

Dodd-Frank Act – Title V: Insurance

This title is also known as the Federal Insurance Office Act of 2010. A Federal Insurance office will be established, which a director selected by the Secretary of Treasury will head. The authority and duties of this office include: To monitor all aspects of the...

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