Regulatory pressures force pace of change in counterparty risk/CVA management
May 22, 2014 - InteDelta, a risk management consultancy, has collaborated with Murex to produce an industry research White Paper titled "CVA and Counterparty Risk Management: a survey of management, measurement and systems".
Risk Reduction: #1 Concern of Bank Boards
May 22, 2014 - The Bank Director's 2014 Risk Practices Survey reveals some very interesting information about the risk management programs that bank boards have in place.
Esma consults on MiFID reforms
May 22, 2014 - The European Securities and Markets Authority (ESMA) has launched the consultation process for the implementation of the revised Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR).
EBay tells users to change passwords after database hack
May 21, 2014 - EBay is asking users to change their passwords because of a cyber-attack that compromised a database containing user data. But the online auction house says that there is no evidence that PayPal accounts have been compromised.
LifeLock pulls Wallet app over PCI compliance fears
May 20, 2014 - LifeLock has been forced to pull the mobile wallet it acquired for more than $40 million last year from app stores and delete all user data from its servers after deciding the technology might not be PCI compliant.
Finra Trade-Surveillance System Will Be Redesigned
May 20, 2014 - The Financial Industry Regulatory Authority, Wall Street's self-regulator, is changing the design of a trading-surveillance system that has drawn opposition from brokers, Chief Executive Officer Rick Ketchum said in a speech.
Risk spending consuming bigger share of IT budgets - IDC
May 15, 2014 - Spending on risk management by capital markets firms is expected to consume one-quarter of IT budgets by 2018, according to forecasts by IDC Financial Insights.
Brewin Dolphins takes £32m hit on IT implementation U-turn
May 14, 2014 - Investment management firm Brewin Dolphin has warned that it will take a £32 million hit after pulling a planned IT operating system implementation.
