Emerging GRC patterns around Cloud

With Microsoft making a big bet on its Azure Cloud based services, the impact and implications for Governance, Risk & Compliance (GRC) space makes for a very interesting case. I will share some interesting industry patterns around GRC on an ongoing basis as i come across them. Today i  start off with – Cloud GRC and Cloud based…

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Sai Sireesh: Key Findings - Future State of Risk 2010 Survey

In my previous blog, I broadly covered the release of the “Future State of Risk 2010” survey which was commissioned jointly by PRMIA.org and Microsoft. In addition, I briefly covered the summary in a webinar last week to over 120 professionals. The webinar was well received and followed by multiple requests for a survey copy….

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Sai Sireesh: Top Six Basel III Design Elements

Let’s start learning LR, LCR, NSFR, Capital Surcharge, Gone Concern! A mouthful isn’t it?   Well, Basel III is coming our way sooner than expected! The much awaited (do I hear a groan?!) Basel III regulation is getting its final touches. The Group of Governors and Heads of Supervision – the oversight body of the…

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Sai Sireesh: Journey to Regulatory Vision 2020 - Prescriptive Enforcement

The continued wave of Systemic Risks in Greece and now increasingly Spain, the environmental disaster threaten to shatter the relative financial and economic calm in the business world. Amidst this many countries are undergoing some major changes in the regulatory landscape as a result of the events in the last two years.    As I mentioned…

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Sai Sireesh - Regulatory Vision 2020 - Top 10 list

I am a keen follower of the Australian regulator APRA that in my mind certainly ranks amongst the thought leaders in regulatory thinking.  APRA has been at the forefront of many new regulatory concepts and pro-active adoption. Its current focus is on 3 major areas – Financial stability and systemic risk, Group Supervision, Remuneration.  Their…

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Jeff Jinnett: Towards a Structured GRC Taxonomy

Although governance, risk management and compliance laws and regulations may vary greatly depending on the jurisdiction, issuing authority, regulator and target industry, there appear to be certain common GRC issues that can be used to group mandates into categories. For example, the following nine GRC issues (with examples) may represent a useful taxonomy for the…

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Sai Sireesh: Business Analytics at the Speed of Thought: The Next Game Changer!

I always look forward to interactions with Finance/Risk Microsoft Excel power users. Most times it’s a humbling experience as I come away learning something new about how innovatively they have stretched the capabilities of Excel. One of my earlier blogs speaks about the importance of self-serve in the Risk and Finance world. Well to extend…

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Pioneering Risk Computing in the Windows Azure Cloud! - insight from Sai Sireesh

One of the things I like about my role is that I get to map exciting innovations and technology approaches to the Risk and Compliance practices. Be it VAR, Monte Carlo, Historical Simulation, Stress Testing, Back Testing, Actuarial modeling – All need huge computing power. A key problem being that the throughput could vary depending on…

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Future of Stress Testing - UK FSA and EU CEBS lead the way! - thoughts from Sai Sireesh

Earlier I had blogged about the pendulum shifting away from the light touch supervision mode to a much more prescriptive regulatory environment. The new stress testing guidelines in Europe seem to be good indication of the trend. With most stress testing models failing to reflect the current crisis, many regulators are reviewing the stress testing…

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Failure to Upgrade Software Systems as a Potential Regulatory Risk - thoughts from Jeff Jinnett

In the current highly regulated, but intensively competitive banking environment, many banks are upgrading to the latest versions of third party operational software in order to be able to take advantage of new features, such as multi-touch capability. Conversely, other banks may seek to reduce costs by continuing to run on older software versions as…

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