March 31, 2014 - The resilience of bank IT systems is set to come under the regulatory microscope in 2013/2014 as the UK's Financial Conduct Authority identifies technology risk as a key area of focus for the coming year.
March 31, 2014 - IT looks set to be the top capital spending priority for the UK financial services industry over the next 12 months, according to a CBI/PwC survey.
March 28, 2014 - Global retail bank IT spending is tipped to hit $152.5 billion by 2018 as banks worldwide focus on digital delivery channel investment to attract customers, according to research by analyst group Ovum.
March 27, 2014 - As Solvency II reporting deadlines get ever closer, a poll of insurance industry leaders and experts by PwC has highlighted that 68% of insurers are still less than half way through their Pillar 3 reporting journey.
March 27, 2014 - Market conduct exams topped the list of concerns among all respondents to Wolters Kluwer Financial Services' new U.S. Insurance Regulatory and Risk Management Indicator. In the report released today, seventy-five percent of those surveyed indicated a significant level of concern with exams, while concern with privacy and data protection, electronic business transactions, changes to state rate and form filing requirements, and consumer complaint compliance increased as well.
March 27, 2014 - A new guide released today by ISACA shows how the latest versions of the COSO Internal Control—Integrated Framework and COBIT relate and helps professionals who use both frameworks to create business value for enterprises in all industries and geographies.
March 27, 2014 - Swift has acquired financial crime prevention services firm Omnicision as it continues to build up its compliance unit. Financial terms of the deal were not disclosed.
March 27, 2014 - Despite an apparent ease in fears of a systemic risk event happening in the next 12 months, a recent survey conducted by The Depository Trust & Clearing Corporation (DTCC) revealed that a vast majority of financial firms have increased spending on systemic risk mitigation.