EU banks may have to be first to implement Basel III reforms
February 12, 2013 - Banks based in the European Union (EU) may be required to comply with a key aspect of the Basel III regulations before their counterparts elsewhere across the globe.
KuppingerCole Report Reviews IT GRC Market and Cites MetricStream as a Pioneer
February 12, 2013 - MetricStream today announced that it has been named as a company with strong IT Governance, Risk, and Compliance (GRC) solutions in the KuppingerCole Vendor Report titled "MetricStream: Bridging the Gap Between Business GRC and IT GRC." The report has been published by KuppingerCole, a leading Europe-based analyst company for information security both in classical and cloud environments.
Banks 'internal auditors 'should be tougher'
February 11, 2013 - The internal auditing process at British banks should be tougher in the aftermath of the global economic downturn.
Focus on Governance is Ironically Harming Risk Culture in Boardrooms, says Reuters
February 8, 2013 - The increasing prevalence of corporate governance, more stringent regulatory processes post-crash and outdated structures are all preventing boards at all types of organisations from adequately engaging in and setting appropriate risk management cultures within their firms, claims a new Thomson Reuters survey.
Wolters Kluwer Named “Best Compliance Management Provider” at the European CEO Risk & Compliance Awards
February 7, 2013 - Wolters Kluwer Financial Services announced today that it has won the 2013 European CEO Risk & Compliance Award for "Best Compliance Management Provider." The annual awards, determined by the publication's 50,000-strong readership as well as a panel of expert judges, recognize excellence in the practice of financial risk and compliance.
Fed hack linked to Anonymous leak
February 6, 2013 - The US Federal Reserve Bank has confirmed that an internal database of US bank contacts was hacked just days after the Anonymous collective leaked the names, addresses and other personal information of around 4,000 bank executives.
Retail banking IT spend to hit $118.6bn in 2013 according to Ovum
February 4, 2013 - IT spending will grow by 3.4 percent at global retail banks reaching US$118.6bn in 2013. The Ovum Business Trends report also finds that European banks are lagging behind their North American and Asia-Pacific counterparts, with just 1.8 percent growth expected, compared to 3.3 percent and 5.1 percent, respectively.
One year out from SEPA deadline, many businesses still unprepared says Experian
February 1, 2013 - It is now exactly one year to go until banks, businesses and every other organisation across Europe has to migrate to the single euro payments area (SEPA) harmonised payment standards, yet only 30% of credit transfers and 2% of direct debits are currently SEPA-compliant, says a new survey from Experian.
