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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Jeff Jinnett: Open Text Content Day in New York City

  On April 21, 2010, I participated as a speaker at the Open Text Content Day, which was held at the Marriott Marquis Hotel in New York City (i).  Open Text is one of Microsoft’s strategic partners in the enterprise content management space(ii). Speakers from Open Text at the Content Day included Richard Sheroff, Vice…

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Sai Sireesh: Get Ready for Stress Testing using Massively Parallel Processing (MPP) Architecture!

Risk Managers are going to be busy with the fresh wave of stress testing requirements. Most financial institutions I have dealt with have an enterprise Risk EDW (datawarehouse) ranging a few terabytes (TB) to hundreds of terabytes for their banking book and/or trading book positions. Typically with the data volumes growing dramatically, ever so frequently…

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Technology Issues Related to the Proposed New York Insurance Exchange – thoughts from Jeff Jinnett

New York State is currently considering the creation by 2011 of a new insurance exchange. It would be based in New York City and would be designed to complement the existing Lloyd’s of London insurance exchange for the placement of reinsurance and insurance for complex risks usually covered under surplus lines insurance policies. As has…

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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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Sai Sireesh: 7 Pillars of US Financial Regulatory Reform Blueprint

Risk & Compliance Managers, Private Equity (PE) firms, Hedge Funds, Credits firms and Consumers, in the USA and global financial markets are going to remember this week for a long time to come due to the epic changes in the financial regulation and supervision. The latest US proposal on financial regulatory reform does skew towards…

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Jeff Jinnett: The Problem with Unmanaged End User Computing Applications

Approximately 68% of an enterprise’s corporate data is managed in IT Department-controlled applications and 32% is stored in key Microsoft Excel spreadsheets(1), Microsoft Access and other databases(2) , business intelligence tools (e.g., reporting tools), Microsoft Word and other forms of documents, web-oriented architecture “mashup” approaches(3) and other end user computing applications. Often the 32% portion…

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