RiskAdvisory Strengthens Dodd-Frank Compliance Focus
February 29, 2012 - RiskAdvisory, a division of business analytics leader SAS, today announced it is strengthening its market-leading Dodd-Frank regulatory response with the addition of Patrick Woody as Senior Strategist for Regulatory Risk Compliance. Woody comes to commodity trading and risk management (CTRM) solutions provider RiskAdvisory from parent company SAS, where he assisted energy and utilities companies with risk management and regulatory issues.
Financial Studio Basel III helps financial institutions meet Basel III requirements and their business objectives
February 28, 2012 - FinArch, international market leader in integrated risk and finance solutions for the financial services industry, announced that Basel III has been added to its Finance, Risk and Performance Measurement Platform Financial Studio. Financial Studio Basel III is a unique, comprehensive and flexible end-to-end solution that meets all Basel III regulatory requirements, and, at the same time, banks’ strategic business needs.
SEC Releases Risk Alert on Unauthorized Trading
February 27, 2012 - The Securities and Exchange Commission today released an alert to help firms prevent and detect unauthorized trading in brokerage and advisory accounts.The Risk Alert issued by the agency's Office of Compliance Inspections and Examinations (OCIE) notes that although broker-dealers and investment advisers are subject to different regulatory requirements, both face similar risks of financial and reputational losses arising from unauthorized trading.
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:
