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: 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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Jeff Jinnett: Amendments to U.S. Federal Sentencing Guidelines as to What Constitutes an Effective Compliance and Ethics Program, to Take Effect on November 1, 2010

On April 7, 2010, the United States Sentencing Commission[i] voted to modify the U. S. Federal Sentencing Guidelines’ standards for what constitutes an “effective compliance and ethics program”[ii]. The Sentencing Guidelines are consulted by judges in connection with companies found guilty in federal court of having violated U.S. federal law in order to determine appropriate…

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Sai Sireesh: Next generation Communication Compliance

The explosion in information channels, and increasing use of Web 2.0 and social media poses new challenges. Financial regulations are trying to keep pace – Social Media compliance, eDiscovery, content protection, acceptable use policies, logging and archiving of messages, Instant Messaging tracking, etc.  One way to meet this challenge is to deploy a Unified Communications (UC)…

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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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Semi-Automation of Compliance Processes: A UML Approach – insight from Jeff Jinnett

It has been estimated that 55 percent of the cost of any compliance program is due to staffing and training1.  Therefore, semi-automation or full automation of compliance processes can be a critical path to lowering overall compliance costs for large enterprises. One possible approach to developing a semi-automated approach to a compliance function could be the…

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Regulatory Oversight & Compliance of Blogs and Social Networking – Sai Sireesh

Recently there are some interesting compliance related developments from two self regulatory bodies, that have issue guidance on social networking compliance. With the increasingly popular adoption of social networking sites such as Facebook, Twitter, LinkedIn for business and personal communications, it is but natural that regulators and institutions are being forced to take a fresh look…

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Analysis using "Pivot" – a preview by Jeff Jinnett

Microsoft Live Labs recently introduced a private access beta version of the “Pivot” tool leveraging Windows 7, the Internet Explorer rendering engine and Silverlight.  Access to the Pivot tool can be requested at http://getpivot.com. Pivot is a multimedia search tool that is designed to create very large “collections” of objects from the World Wide Web…

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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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