Risk Management
FERMA risk survey highlights cyber threats
January 30, 2013 - The Federation of European Risk Management Associations (FERMA) says its latest survey of its members shows that many companies still do not devote sufficient attention to cyber risks, despite an increase in the frequency, scope, and sophistication of threat vectors, as well as harsher penalties for lack of regulatory compliance and loss of sensitive data – not to mention reputational damage.
EDHEC-Risk Institute Puts Forward a Series of Proposals to Limit Non-Financial Risks in the European Fund Management Industry
January 30, 2013 - In a summary document that concludes three years of research on better management of non-financial risks within the European fund management industry – conducted with the support of CACEIS – EDHEC-Risk Institute is putting forward a series of proposals to limit these risks which emerged during the 2007-2008 crisis and undermined the quality of the UCITS label.
JPMorgan Chase slammed by regulators for control failings after botched derivatives bet
January 15, 2013 - JPMorgan Chase has been sanctioned by US regulators for failures in its risk management operations after it lost more than $6.2 billion on a single credit derivatives trade.
Government Policies and Politics Likely to Drive Markets in 2013
December 13, 2012 - Markets in 2013 are likely to be heavily affected by government policies and politics, according to the Global Market Outlook from BNY Mellon Investment Management. Policy makers will be faced with the challenge of maintaining stability, while attempting to stimulate economic recovery, the report said.
Bungled automated decisions costing FS firms money and customers
January 30, 2013 - An ever increasing reliance on technology brings considerable risks for the financial services industry, with bungled automated decisions costing many firms both money and customers, according to research from the Economist Intelligence Unit (EIU).
Moody’s Analytics Enhances RiskFoundation to Address Dodd-Frank and CCAR Stress Testing Requirements
January 15, 2013 - Moody's Analytics, a leader in risk measurement and management, today introduced an enhanced version of its enterprise risk management platform, RiskFoundation™, to help banks better manage their Dodd-Frank Act Stress Test (DFAST) and Comprehensive Capital Analysis and Review (CCAR) data and reporting requirements.
Rising Regulatory Pressures and Data-Driven Approach to Oversight Top Key Concerns for Financial Organizations Next Year
December 6, 2012 - Wolters Kluwer Financial Services' Experts Say Proactive Efforts Around Compliance, Risk, Finance and Audit Critical to Organizations' Success in 2013.
National Bank of Malawi Selects Misys Global Risk to Comply with Basel II and Improve Risk Management Across its Business
January 23, 2013 - National Bank of Malawi is implementing Misys Global Risk - Regulatory Compliance across its business to enable it to comply with Basel II. The product will give the bank better insight into its liquidity and improve its cost/income ratio overall.
Maclear shortlisted for SME Risk Management Award
January 14, 2013 - Maclear's enterprises, governance, risk and compliance (eGRC) software solution Maclear eGRC Suite™ and professional services recognized in the Institute of Risk Management's Global Risk Awards 2013 shortlist.
Risk assessments and compliance will drive IT spend in 2013 says Ovum
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'.
Wolters Kluwer Financial Services Wins Banking Technology’s Readers’ Choice Award for Best Governance Risk & Compliance Product/Service
December 21, 2012 - Wolters Kluwer Financial Services announced today that it has won a Readers' Choice Award in the category of "Best Governance Risk & Compliance Product or Service" at the 13th annual Banking Technology Awards.
2013 Corporate Risk Hotspots
January 8, 2013 - Leading corporate risk prevention consultancy Riskskill, a division of UKFraud, has opened the New Year with a list of what they believe are the 8 biggest corporate risk hotpots faced by management in 2013.
Operational Risk Management Tough in the Face of Regulatory Change
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.