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Risk Management

November 5, 2012 - Compliance and risk regulations will be the main drivers of technology spending in 2013, says Ovum in its assessment of the '2013 Trends to Watch in Financial Markets Technology'.

October 24, 2012 - Investit recently reported that regulatory change programmes would be among the top priorities for 85% of investment managers in 2013. New research published by Investit this week, shows that for 75% of firms the emerging and still unclear regulations are placing strain on the operational risk function.

July 23, 2012 - A recent survey by EuroFinance, the global specialists in treasury research and events, has revealed that over a third of finance professionals have witnessed serious financial wrongdoing in organisations they have worked in. Respondents who worked in banks or financial institutions were more likely to have witnessed this type of activity (41%).

July 10, 2012 - The UK's House of Lords has urged the European Commission to call a halt to proposed changes to the Markets in Financial Instruments Directive (MiFID II), labelling the reforms as "ill-thought out" and potentially damaging to the City of London.

October 18, 2012 - Financial institutions need to take full control of their vast number of spreadsheets and databases if they want to be fit for the new era of post-crisis risk management, warns leading data management specialist ClusterSeven. If they are not prepared, firms face a growing threat of regulatory censure over weak data management systems.

July 11, 2012 - US financial services regulators have warned banks that they need to put in more robust controls if they plan to use third party cloud services.

July 9, 2012 - The Basel Committee on Banking Supervision (BCBS) and the International Organisation of Securities Commissions (IOSCO) have published a consultative paper on margin requirements for non-centrally-cleared derivatives, and have invited public feedback on the scope, feasibility and impact of its proposed measures.

September 28, 2012 - Half of senior risk executives interviewed at leading banks believe that capturing and processing risk information across their enterprises is currently inadequate.

July 11, 2012 - US financial services regulators have warned banks that they need to put in more robust controls if they plan to use third party cloud services.

June 12, 2012 - The Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (Board), and the Federal Deposit Insurance Corporation (FDIC) are seeking comment on three notices of proposed rulemaking (NPRs) that would revise and replace the agencies' current capital rules.

September 21, 2012 - Knight Capital Group is looking for a new chief technology officer and operational and technology risk manager in a management shake-up at the firm which sustained $440 million in losses following a rogue trading software update.

July 11, 2012 - Internal audit practitioners globally report that more visible and vocal support for the internal audit function is needed from senior management within their organizations as the changing demands of today's regulatory and risk environment are putting them under increasing pressure to do more with less, according to a new survey by Thomson Reuters.

June 11, 2012 - Britain's banking industry must begin embracing risk once again if it is to recover fully in the aftermath of the global economic downturn. That is the opinion of Andy Haldane, a policymaker at the Bank of England (BoE), who has told the Scotsman that this is essential in order to kickstart the country's economic revival.

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