Bank tech and data failing to keep pace with regulatory demands
May 18, 2015 - With regulators around the world hammering away at banks' risk management, culture, and incentive compensation efforts, a new survey by Deloitte Touche Tohmatsu Limited (Deloitte Global) finds that financial institutions have a great deal more work to do on this front to meet heightened regulatory expectations — especially at the top of the house.
FS firms to up risk management investment to fight growing cyber security risks - Accenture
May 13, 2015 - Nearly nine in 10 financial services firms plan to increase their investment in risk-management capabilities in the next two years in response to emerging risks of cyber security and fraud, according to a new report from Accenture (NYSE: ACN).
Cyber security number one risk to financial markets - DTCC survey
May 13, 2015 - The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that almost half of the respondents (46%) in its most recent Systemic Risk Barometer Study cited cyber security as their top concern and 80% of respondents rated it as a top 5 risk overall.
BNY Mellon Achieves Significant Milestone in Tri-Party Repo Risk Reduction Initiative
May 11, 2015 - $1.44 trillion or 97% reduction in intraday credit achieved in cooperative effort with clients and other market participants.
80% believe T+2 to become standard within 10 years - Omgeo study
April 27, 2015 - A comprehensive study published by Omgeo, a wholly owned subsidiary of The Depository Trust & Clearing Corporation (DTCC) and the global standard for institutional post-trade efficiency, reveals that 80% of respondents believe T+2 will become the global standard for settlement cycles within 10 years.
Acuity launches latest version of its STREAM Integrated Risk Manager GRC solution
April 21, 2015 - With businesses facing increasing pressure from customers, regulators and auditors to demonstrate better compliance, manage operational risk and provide assurance, Acuity has announced a new release of its popular STREAM Integrated Risk Manager software. STREAM Version 4 provides users with a more configurable, scalable and easier-to-use approach to Governance, Risk and Compliance (GRC) and delivers improved visibility and control over business risks.
Systemic Risk Council kit tracks financial health of largest institutions
April 7, 2015 - The Systemic Risk Council (SRC), a private sector, non-partisan body, today launched an interactive tool, designed to provide users with a simple way to track and assess changes in the financial conditions of the largest, most complex financial institutions in the United States.
UK banks' IT spending to increase - CBI/PwC Report
March 30, 2015 - Banks' spending priorities for the next year are focused on improving IT infrastructure and cyber security. Banks are also building new digital platforms to remain competitive and respond to changing customer needs, according to the survey.
