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: 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: Future State of Risk & Compliance 2010 – Global Benchmark Survey

Today, September 8, 2010, PRMIA (Professional Risk Managers International Association) and Microsoft jointly released a 2010 survey on global trends and industry views of the future of risk management and compliance. The survey provides a benchmark to risk and compliance practitioners across both financial and non-financial sectors. In addition, it is one of many initiatives…

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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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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: Stress Testing – Measuring Systemic Risk Across the Globe

Last year, the European Union was exploring a Systemic Risk Council to better manage risks. A small, but significant step towards a consolidated EU Systemic Risk management is the recent round of Stress Tests in EU. As we know, the American banks underwent a similar stress testing exercise early in 2009. Ten of 19 large US banks were…

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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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Sai Sireesh: Pro-active Systemic Risk Mitigation by German Regulator BaFin

There is increased speculation against euro over concerns of euro zone sovereign debt levels triggered by the Greek debt refinancing crisis.  The euro has already hit a four year low of $1.2209.  As expected and predicted in one of my earlier blogs, this crisis is forcing the shift much more aggressively towards water tight regulation mode…

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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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