Leading global bank adopts Microsoft partner FinArch for its Liquidity Risk Solutions

New Liquidity risk frameworks as well as Stress tests were in my top 10 list for 2011. Many leading regulators with UK FSA being the first, have issued new guidelines on this globally. Whilst some banks still await the expected convergence with Basel III. I was thrilled to see a recent announcement on a leading bank…

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Sai Sireesh Predicts Top 10 Risk and Compliance Initiatives in 2011

In the last few months, many new regulations have been introduced impacting all major markets. They include the Dodd Frank reform in the USA, Liquidity Risk in the UK and Basel III in the EU and globally. Based on the changing risk and regulatory landscape, I predict the following top 10 initiatives in 2011. Am…

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Sai Sireesh: Australian secret sauce for managing risk sprinkled with APRA’s Meta Regulation!

I was fortunate enough to have short work stints in Australia (both Sydney and Melbourne), a beautiful country with its free spirited fun loving sporty population. I continue to be amazed at the sophistication and depth of their financial markets. There is also a lot of cross pollination of global markets expertise, ideas and world…

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Jeff Jinnett: The Nimble Approach to Compliance: Multi-Purpose IT Solutions and “Nexialist” Compliance Attorneys

Regulatory compliance has become an increasingly costly burden. For example, SIFMA has estimated that the U.S. securities industry in 2004 spent $23.2 billion on compliance-related activities(1). In addition, regulatory mandates have become more intrusive in their application to how business is conducted. In response to corporate scandals such as Enron, the mandates have shifted from…

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Susan Hauser, VP of Microsoft Financial Services, on New Challenges in Risk Management and Compliance

As the global economic crisis rumbles on, financial firms of all kinds anticipate an overhaul of risk management and regulatory frameworks. I asked Microsoft’s global head of Financial Services, Susan Hauser, for her views: Sai: Susan, as the global head of Microsoft Financial Services, what has the past year meant for financial firms in terms…

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Jeff Jinnett: How to Take a Holistic Approach to Governance, Risk Management and Compliance – part 1

Today’s increasingly complex business landscape is matched by an increasingly challenging governance, risk management and compliance (GRC) landscape. U.S. multi-national companies are faced with a bewildering array of international, U.S. federal and state regulations, depending on the nature of the company’s business. These regulations can include the EU privacy directive, the Basel II Accord, the…

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