Reviewing the upcoming regulatory landscape and environment as a result of Brexit and Basel IV
Many a blog or article piece on banking risk and regulation have started with the words ‘since the 2007/2008 financial crisis…’. This is as a result of the fundamental regulatory changes that have occurred since. The industry has seen a tsunami of regulations that have swept through the industry and stretched banks resources, increased their overall capital requirements and profoundly effected how banks operate. Add on top of this the UK’s decision on 23 June, 2016 to vote to leave the EU and the uncertainty that a Brexit vote leaves the entire nation, it is by no surprise that the largest industry in London, the financial industry, is set for further uncertain times ahead.
Unmanaged third party risks are costing businesses upwards of £8 million, reveals MetricStream survey
MetricStream, the market leader in governance, risk and compliance (GRC) apps, has today released the results of a global survey revealing the current state of third party risk management. Respondents were from more than 40 organisations, across 15 industries – including financial services, retail, healthcare, pharmaceuticals and insurance.
Measuring the Impact of Fraud Events and Other Challenges
The Center for Financial Professionals interviewed Dalit Stern, Director of Enterprise Fraud Risk Management, TIAA Financial Services, ahead of the 6th Annual Risk Americas Convention, where she provides insights in to the importance of measuring fraud through KRIs and metrics and more.
New Study Reveals Too Many Global Organisations Are Gambling Their Business Future on Poor Code
Global CRASH Report from CAST uncovers applications in Financial Services can be exploited to steal confidential information.
BearingPoint wins “Best Regulatory Reporting Solution” at the InsuranceERM Awards
BearingPoint’s ABACUS/Solvency II has received its third industry award in recognition of the company’s excellence and expertise in regulatory reporting for the insurance industry.
Citi Releases Risk Management Findings from Treasury Diagnostics Survey
Citi today released the latest Risk Management findings from its award-winning benchmarking tool, Citi Treasury Diagnostics (CTD), designed to help companies assess the effectiveness of their treasury, working capital, and risk management practices. The Risk Management findings are based on comprehensive results gathered from a diverse group of large corporates, industries and geographies.
Bank IT spending in Asia/Pacific set for growth
IT spending by banking and securities firms in mature Asia/Pacific markets will reach $67.1 billion in 2017, an increase of 5.4% from 2016, according to Gartner.
New Thomson Reuters Compliance Solution Helps Organizations Manage Regulatory Change
Organizations facing regulatory overload can now benefit from powerful new tools to help them better manage their compliance workflow as Thomson Reuters introduces Regulatory Change Management (RCM), its new end-to-end compliance solution.
