Profession’s watchdog slams aspects of quality of the financial institutions’ audits from the Big Four and mid-tier firms in 2012-13 audit quality review report . . .

http://www.financialdirector.co.uk/aa/news/2384384/frc-review-finds-bank-audits-in-need-of-significant-improvements

UBS Group AG , facing the threat of competition from Google Inc. and Amazon.com Inc., has turned to a Singapore-based technology company that uses artificial intelligence for help delivering personalized advice to the bank’s wealthy clients.

http://www.bloomberg.com/news/2014-12-07/ubs-turns-to-artificial-intelligence-to-advise-wealthy-clients.html

The last time regulators took a hard look at how Wall Street trades Treasuries, a little company called Google Inc. was just starting out. . .

http://www.bloomberg.com/news/2014-12-08/light-speed-treasury-trading-governed-by-rules-dating-to-1998.htm

Switzerland should adopt stricter capital requirements for UBS Group AG  and Credit Suisse Group AG  following the introduction of tighter rules in the U.S. and the U.K., a government-appointed panel recommended, concluding a yearlong review of measures to avoid bailouts. . .

http://www.bloomberg.com/news/2014-12-05/swiss-panel-recommends-stricter-rules-for-ubs-credit-suisse.html

Morgan Stanley  is giving employees a greater portion of their bonuses up front as the bank seeks to structure pay in line with peers and lower expenses in future years. . .

http://www.bloomberg.com/news/2014-12-05/morgan-stanley-cuts-bonus-deferral-rate-to-50-takes-charge.html

Fewer than a third of banks are at the implementation stage of projects implementing the Basel intraday liquidity monitoring rules that come into force next month – and most believe that industry collaboration will be needed to achieve a successful outcome. . .

http://www.bankingtech.com/268311/banks-falling-behind-on-liquidity-monitoring-says-swift/?utm_source=rss&utm_medium=rss&utm_campaign=banks-falling-behind-on-liquidity-monitoring-says-swift

Basel Committee on Banking Supervision have published their RCAP Assessment report:

http://www.bis.org/bcbs/publ/d300.pdf

Germany’s financial regulator found no evidence during a two-year probe that Deutsche Bank AG co-Chief Executive Officer Anshu Jain knew about or participated in possible interest rate manipulation, newspaper Handelsblatt reported. . .

http://www.bloomberg.com/news/2014-12-08/jain-cleared-in-german-probe-of-libor-rigging-handelsblatt-says.html

Denmark said it will fight plans in the European Union to split banks deemed too big to fail, arguing existing resolution rules make such a proposal moot.

http://www.bloomberg.com/news/2014-12-01/bank-breakup-plan-makes-no-sense-after-bail-ins-denmark-says.html

Argentina has charged HSBC with aiding more than 4,000 citizens to evade taxes by stashing their money in secret Swiss bank accounts, the country’s AFIP tax authority said on Thursday.

http://uk.reuters.com/article/2014/11/27/argentina-hsbc-idUKL6N0TH4OX20141127?rpc=401