In the past decade the financial industry has rapidly changed and evolved leading to enhanced risk management practices. Operational risk is no different, as new and emerging risks enter the market it is often the strength of people, processes and systems which can enhance effective mitigation and management, but also pose the risk.
(Bloomberg) -- The European Union’s overhaul of bank capital rules show it’s forgetting some of the lessons of the financial crisis, according to Daniele Nouy, head of the European Central Bank’s supervisory arm.
Management and technology consultancy BearingPoint, which ranks among the leading providers of Regulatory and Risk Technology (RegTech/RiskTech), announced today that its RegTech product unit has formed a partnership with IBM Services for regulatory reporting.
London: Starling, the leading digital bank, is launching Client Money Accounts to provide more secure, efficient and compliant account management for professional practices that hold money on behalf of clients.
FCA chair Charles Randall has warned that the UK will be unable to manage the risks of financial crime under a no-deal Brexit, emphasising the critical role played by cross-border data sharing agreements with EU member states.
Thomson Reuters continues the expansion of its award-winning Connected Risk software platform with the launch of Compliance Management, a new solution designed to help risk and compliance professionals demonstrate strong governance and sound internal controls in the face of intense, enterprise-wide regulatory scrutiny.
Compliance Management provides a tech-enabled compliance framework capable of meeting today’s most pressing challenges by bringing processes together in a centralized location to help organizations streamline, execute, and monitor their regulatory and compliance programs.
ICA Audit sets to innovate the regulatory risk analysis market by introducing a new certification programme, providing the cumulative expertise of risk management subject matter experts. The unique service helps firms identify risks, maintain impeccable standards and safeguard firms effectively.