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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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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Technology Games Changers for the End Users in the Risk Management and Compliance World – thoughts from Sai Sireesh

Given the wave of innovation in technology, our team has been researching the impact of technology innovation on the risk analytics and compliance world. Based on many interesting conversations with Risk and Compliance Managers around the world, we see some consistent patterns from an end user’s perspective: 1. Self Serve Analytics – Most end user are…

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The Future is Now – a posting from Jeff Jinnett

Chris Pratley of Microsoft Office Labs notes in one of his recent blogs: “Last year we released a “productivity future vision” concept video called “A Glimpse Ahead…”, also popularly known as the 2019 video, although we’re not really that specific on timeframe. The video is based on work being done in labs and research groups…

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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: The Catch-22 of Record Retention

At the heart of the record retention challenge is the difficult question as to what types of documents to maintain for compliance purposes and how long to maintain them. In certain cases, applicable laws and regulations specify the types of documents to retain and the length of time to retain them. For example, for purposes…

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Jeff Jinnett: IT Approaches to State Law Preemption Under the Proposed Consumer Financial Protection Agency

On June 17, 2009, the U.S. Department of the Treasury issued a white paper entitled “Financial Regulatory Reform – A New Foundation: Rebuilding Financial Supervision and Regulation”(1).  This document sets forth the vision of the Obama administration for a new federal regulatory regime for the U.S. financial services industry. One proposed change is to create…

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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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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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