Risk Management
Is your risk department an impediment to business growth?
October 31, 2014 - The estimated combined spend in 2012 and 2013 by banks on risk management systems was pegged at USD 44 Billion (Chartis Research – Global Risk IT Expenditure 2011, 2014-15) and is expected to reach a combined spend of USD 59.9 Billion in 2014 and 2015.
Numerix launches enterprise model risk management tech
October 30, 2014 - Numerix, the leading provider of cross-asset analytics for derivatives valuations and risk management, has introduced a new technology for Enterprise Model Risk Management - Numerix Model Validation Studio.
Cyberattacks top of mind for financial institutions - DTCC risk survey
October 23, 2014 - In the wake of several recent high-profile cyber attacks on major sectors of the global economy, cyber security now ranks as the principal concern of the financial services industry, according to results of a new survey released today by The Depository Trust & Clearing Corporation (DTCC).
Pictet Group selects Wolters Kluwer financial risk management tech
October 7, 2014 - Wolters Kluwer Financial Services announced today that the Pictet Group, the Switzerland-based independent wealth and asset manager, has selected its Financial Risk Management solution for operations at its head office in Geneva.
CSI promises holistic apporach to risk management with SmartRisk IQ
October 29, 2014 - In order to ensure full compliance with the latest regulatory requirements, examiners are now demanding that financial institutions address risk management comprehensively across the entire institution, instead of managing it through individual departments.
Fortress to supply financial crime tech to Canandaigua National Bank
October 10, 2014 - Fortress Risk Management, a provider of advanced technology and services that defend community financial institutions from financial crime, has partnered with Canandaigua National Bank and Trust Company to provide its customized financial crime protection solutions.
BlackIce Enterprise and Quartet FS announce partnership for Enterprise Risk Aggregation
October 2, 2014 - BlackIce Enterprise Risk Management Inc. (BlackIce) (CSE: BIS), a global enterprise risk management technology provider and Quartet FS, a provider of in-memory analytics technology today announced a new partnership agreement.
RiskBusiness enhances OpRisk IntelliSet
October 28, 2014 - RiskBusiness International Limited, the leading international operational risk advisory firm, today announced enhancements to the audit, compliance and governance aspects of the RiskBusiness OpRisk IntelliSet.
Tarullo Says Systemic Risk Possible Without Too-Big-to-Fail
October 9, 2014 - (Bloomberg) -- Risk to the financial system is possible even without firms that are deemed too big to fail, Federal Reserve Governor Daniel Tarullo said.
Iosco publishes second securities market risk outloook
October 2, 2014 - The International Organization of Securities Commissions (IOSCO) today published the IOSCO Securities Markets Risk Outlook 2014-2015.The Outlook is a forward-looking report focusing on identifying potential risks in securities markets.
Twenty-four European banks fail EBA 'stress test'
October 27, 2014 - The European Banking Authority (EBA) published today the results of the 2014 EU-wide stress test of 123 banks. The aim of the stress test is to assess the resilience of EU banks to adverse economic developments, so as to understand remaining vulnerabilities, complete the repair of the EU banking sector and increase confidence. Twenty-four European banks have failed "stress tests" of their finances.
Risk and Regulation Still Key Concerns for Commission Sharing Firms Despite Commission Agreements Growth.
October 8, 2014 - MPI Europe, the specialist financial services consultancy, publishes today the results of our annual market wide survey for brokerage commission sharing agreements.
RBS in Luxembourg chooses MSCI for regulatory risk reporting
September 29, 2014 - MSCI Inc. (MSCI), a leading provider of investment decision support tools worldwide, announced today that following a rigorous selection process RBS (Luxembourg) S.A ("RBSL"), has chosen MSCI as its vendor for regulatory risk reporting.