Sai Sireesh: Solvency II & US Insurance Solvency Framework

I have been following emerging risk management regulations in the insurance industry with great interest. The two major Insurance Risk and Prudential regulations on the horizon with global impact are:   1.      Solvency II in Europe 2.      US Insurance Solvency Framework   Both regulations cater to the specific operating modalities of their respective markets, but…

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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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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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Sai Sireesh: Insurance Supervision – The Future

Whilst there is a lot of focus on banking, the insurance sector is also witnessing a wave of regulatory changes specially around cross-border exposures. So I did some quick research on the world of insurance supervision. Devoid of dramatics, the Basel, Switzerland based IAIS (International Association of Insurance Supervisors) has been quietly driving adoption of …

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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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Sai Sireesh: Regulatory Compliance Trends Driven by Technology

Regulatory compliance is being driven in some instances by technology innovation. As an example over the years the records management and retention policies have evolved rapidly to keep pace with technology. I am sure you see similar interesting trends in your part of the world. Let me give a few cases that I know of,…

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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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Sai Sireesh: What is New in Your Risk and Compliance Journey?

Hello and a warm welcome from the Microsoft Worldwide Financial Services Team.   In this blog Jeff and I will share our perspectives on the current and future state of governance, risk management and compliance initiatives around the world and the enhanced role of information technology as enablers of GRC execution blueprints. We look forward to…

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