Strength Under Fire in Risk Management
February 21, 2011 - Globally, Celent expects firms to spend in excess of $35 billion in 2012 on core risk management and risk-related regulatory compliance. These constitute a significant part of total technology spending across banking, insurance, securities, and investment management sectors in North America, Europe, and Asia-Pacific, growing to $50.6 billion in 2015.
CRISC Certification on the Rise as IT Professionals React to Changing Landscape
January 31, 2012 - The number of IT professionals seeking the CRISC (Certified in Risk and Information Systems Control) certification continues to rise rapidly. More than 16,000 professionals have earned the CRISC designation since the certification was introduced just over 18 months ago.
Over 750 Banks at Risk of Failure over Next Two Years, says Invictus
January 31, 2012 - Despite last year's decline in US bank failures, at least 758 lending institutions are at risk of failure over the next two years, according to an analysis by Invictus Consulting Group, which conducts stress and sustainability tests on all FDIC-insured banks for regulators, banks and investors.
Banks Must Update Their Default Management Capability Warns Formicary
January 26, 2012 - Formicary Ltd, a software and systems integration provider, is stressing the importance tobanks of maintaining their Default Management systems and procedures. The advice comes as banks facestringent new clearing house requirements in 2012. In anticipation of the extensive preparation needed by banks to meet the regulations, Formicary has expanded its dedicated team that designs and implementsDefault Management Systems at member banks.
ISACA IT Risk Management and Audit Guidance for Assurance Professionals
January 24, 2012 - Integrating IT risk and enterprise risk management is essential to the overall health of an enterprise’s infrastructure. To provide audit and assurance professionals with the most up-to-date guidance on IT auditing, risk management and strategic alignment, ISACA, a nonprofit association serving 95,000 IT professionals in 160 countries, has developed new audit/assurance programs:
Federal Reserve Board proposes steps to strengthen regulation and supervision of large bank holding companies
December 20, 2011 - The Federal Reserve Board on Tuesday proposed steps to strengthen regulation and supervision of large bank holding companies and systemically important nonbank financial firms. The proposal, which includes a wide range of measures addressing issues such as capital, liquidity, credit exposure, stress testing, risk management, and early remediation requirements, is mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Japanese regulator slams Citi's risk management IT
December 19, 2011 - Citi has been ordered to overhaul its risk management systems by Japan's Financial Services Agency, which has sanctioned the US bank for the way it has tried to sell investment products to retail customers.
Dodd Frank and EMIR unlikely to reduce systemic risk, says industry
December 5, 2011 - OTC clearing reform will not reduce systemic risk, according to 50% of market participants surveyed at a recent industry debate. Nevertheless, 79% have identified the need for collateral optimisation within their organisations, driven by regulatory changes on the horizon.
