FCA review finds small banks and insurance intermediaries fail to manage financial crime risk
November 14, 2014 - The Financial Conduct Authority (FCA) has found that many small banks and commercial insurance intermediaries fail to effectively manage financial crime risk. The two reviews published today follow related work by the FCA's predecessor on banks in 2011 and intermediaries in 2010.
North American Workplaces Still Not Ready for the Influx of Wearable Tech, Finds ISACA Survey
November 12, 2014 - Increased security threats and data privacy issues considered the biggest challenges of connected devices.
Thomson Reuters Survey Reveals Increased Cybersecurity Risk to Boardroom Communications
November 4, 2014 - Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, released its board governance survey for 2014, which shows that despite a slight decline in the amount of board information being produced each year, corporate boards are increasingly exposed to cybersecurity risk. Boards continue to communicate through unsecure means, and have minimal measures in place to prevent a security breach. The survey also shows that one in ten organizations reported that a board member had either lost or had their computing device stolen in 2014, continuing the upward trend of reported sensitive data breaches.
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.
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.
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.
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.
