KfW transforms risk management operations with FIS
Source: FIS
Financial technology leader FIS announced today that KfW, one of the largest banks in Germany, has successfully completed a multi-year project to transform its risk management operations using advanced technology from FIS.
ECB warns bank to guard against IT and cyber risk
The European Central Bank is reminding banks of their vulnerability to IT and cyber-risks during the current Coronavirus pandemic.
Aegean Baltic Bank of Greece chooses Wolters Kluwer for regulatory reporting and risk management
Aegean Baltic Bank of Greece (ABB) has chosen Wolters Kluwer’s OneSumX for Regulatory Reporting and OneSumX for Risk Management as its integrated risk and regulatory reporting software solution, helping the bank to meet its Basel IV and CRD V obligations.
Basel Committee takes climate-related risk stocktake
Many national regulators are already undertaking regulatory and supervisory initiatives on climate-related financial risks, according to a BIS report, although most have not yet factored the mitigation of such risks into the prudential capital framework.
ESRB warns cyber threats pose systemic risk
The possibility of a serious cyber incident poses a systemic risk to the financial system, with serious consequences for the real economy, warns a report from the European Systemic Risk Board (ESRB).
Financial infrastructures join forces to combat cyber-threats
Central banks, clearing houses, stock exchanges, payment system providers and law enforcement agencies across Europe have joined forces on a cybercrime information sharing programme.
Financial infrastructures join forces to combat cyber-threats
Central banks, clearing houses, stock exchanges, payment system providers and law enforcement agencies across Europe have joined forces on a cybercrime information sharing programme.
FCA flags regulatory gaps and IT outages as key areas of focus
In its annual Sector Views report, the UK's Financial Conduct Authority warns of the growing risks to consumers in the retail banking and payments sector, as regulatory protection struggles to keep pace with technology-driven innovation and incumbents grapple with legacy limitations.
