The Rise and Fall of the Compliance Function. A Perspective on Internal Control in Banking and Finance
01 Jan 2017-Vol. 23, Iss: 1, pp 11-40
TL;DR: In this article, the authors propose an etude des evolutions subies par la fonction deontologie au sein des etablissements de credit and des entreprises d'investissement entre 2003 and 2006.
Abstract: Cet article propose une etude des evolutions subies par la fonction deontologie au sein des etablissements de credit et des entreprises d’investissement entre 2003 et 2006. Partant d’une approche qualitative associant observation-participante et analyse de donnees secondaires, nous mettons en evidence la coexistence de deux conceptions du controle interne : l’une trouvant ses racines dans la deontologie financiere (intervenant ex ante), l’autre dans le controle effectue a posteriori (intervenant ex post). Sur le plan theorique, l’analyse se fonde sur les travaux consacres par Paul Ricœur a l’articulation des notions d’ethique et de morale, et entend contribuer a la litterature en controle interne dans le secteur bancaire et financier. Nous montrons ainsi comment l’introduction de la notion de risque de non-conformite dans les textes reglementaires en 2005 a modifie la fonction deontologie. Cette analyse permet enfin de mettre en perspective les consequences de cette evolution, qui consacre la conformation demonstrative a la norme aux depens de la capacite a reconnaitre en pratique dans les normes une pretention legitime a regler les conduites.
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TL;DR: In this paper, the authors examine trends in the global assurance practices of sustainability reports, updating and broadening the extant literature and proving new insights that could guide future research, and provide insights about companies' assurance practices for regulators, assurance providers and companies interested in assuring their sustainability reports.
Abstract: Purpose: This study aims to examine trends in the global assurance practices of sustainability reports, updating and broaden the extant literature and proving new insights that could guide future research. Design/methodology/approach: The data were collected for 12,783 companies and exploratory descriptive analyses of sustainability reporting assurance practices were undertaken. Findings: The study shows that assurance growth is lagging behind the growth in sustainability reporting. It reveals that assurer switching is a common practice amongst companies. There is an increasing trend towards the use of the International Standard for Assurance Engagements 3000 by non-accounting assurers. Additionally, in terms of assurance providers, the study finds that accounting firms are dominating the market, however, engineering firms are fast increasing their share of the sustainability assurance market, whilst consulting firms’ share is decreasing. However, the switch towards consulting firms is higher than the switch towards accounting firms in the last switch period. Practical implications: Overall, the results of this study provide insights about companies’ assurance practices for regulators, assurance providers and companies interested in assuring their sustainability reports. Social implications: This study is relevant for companies’ stakeholders, including investors, to enhance their understanding of companies’ current assurance practices. Originality/value: Prior studies on the assurance practices of sustainability reports are limited in scope (concentrate on large companies) and depth (examine accounting vs non-accounting assures and consider the evolving patterns at the institutional rather than firm-level). This study presents developments and trajectories of assurance practices to inform researchers and practitioners on the global trends by bringing an updated and broader perspective on the topic.
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28 Mar 2023
TL;DR: Wang et al. as mentioned in this paper provided a method for the construction of Internet financial risk control model based on data envelopment analysis and the main forms of internet financial risks, on the basis of expounding the concepts of big data and Internet financial risks.
Abstract: The internet financial model is booming in the era of big data, and gradually penetrates into all aspects of people's lives. With the continuous development of network technology, under the background of big data, people's living standards are constantly improving, and higher requirements are put forward for the quality of life. In order to promote the sustainable development of the internet finance industry, seize the opportunity and strengthen itself in the era of big data, the internet finance industry needs to uphold the development concept of pluralism and openness. Internet finance has played a positive role in improving the efficiency of financial services and formed a new payment method. With the help of big data, internet finance is constantly innovating Internet financial products, while some risks are amplified under the background of financial big data. On the basis of expounding the concepts of big data and Internet financial risks, this paper provides a method for the construction of Internet financial risk control model based on data envelopment analysis and the main forms of Internet financial risks.
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TL;DR: In this article, the author met en perspective the pratique de la regulation financiere telle qu’elle se deploie au sein des marches financiers contemporains, alors qu'un nouvel ordre normatif y a emerge ces dix dernieres annees.
Abstract: Cet article met en perspective la pratique de la regulation financiere telle qu’elle se deploie au sein des marches financiers contemporains, alors qu’un nouvel ordre normatif y a emerge ces dix dernieres annees. Celui-ci, porte par les technologies algorithmiques, bouleverse les conditions d’exercice de la regulation. Le code informatique, se substituant a la parole et a l’ecriture, induit en effet un basculement d’un ordre normatif a un autre : la norme, auparavant explicitee par recours a des dispositifs interpretatifs, se trouve remplacee par un ordre place sous le signe du calcul. L’auteur identifie quelques-unes des consequences portees par ce basculement recent.