Recent Activity in the Global Reinsurance Market, by Claude PenlandWe're going to investigate activity since July, 2010 in the international reinsurance market.On the mergers and acquisitions front, Montpelier Re's CEO says to expect many more acquis
I think that the intent of Sarbanes-Oxley 304 is often misinterprested. 304 requires a "system of internal control." This means a management system!! Most often it is interprested as a system of internal controlS. The added s means to auditors and th
Please come back to me with your views on the specific risk management activity that needs to be performed within a HFT environment. I am probably looking at Operational (IT) Risk, Market Risk and maybe Regulatory Risk? Any suggestions with some deta
The level of ignorance among bankers and their regulators is what got us into the crisis and it is ongoing. That is why we have BASEL III making everyone miserable. But we do not HAVE to continue in that mode...or do we?
I just published a book: Competitive Advantage: Linking Management Systems. It's about finance, Quality, Environmental Management a IT working together to improve the bottom line. Chapter 4 covers risk management. By breaking down silos, better commu
Dear colleagues, I am working on market research of corporate/competitive intelligence services, that is why I’m interested in expert opinions on the following questions:
Do you consider market of corporate intelligence services as an investment attr
The Hedge Fund Tax Practices Conference was held on December 2-3, 2010 at Princeton Club, New York. The industry event organized by Financial Research Associates was well attended as it covered recent Tax and Regulatory changes affecting the industry
Last month compared to the despots of West Asia we paid a tribute to democracies in South Asia, but political stability has been a key concern for the region and will remain so in
I started the same discussion in one of the linkedin Groups and it got a lot of attention and dozens comments. I wonder what our members think about disruptive technologies, which will change the way banking is operated.
The team here at NHJ Strategic Consulting identified our top 3 global risks, top 3 UK risks, and some other issues that are worth watching. Which ones do you agree with? What do you think are the top ranking risks? you can find our summary here
Role and expectations, as defined by management and the board –The CRO may focus on strategic issues or more tactical matters, such as compliance management. The nature and scope of th
Recently we conducted a joint webinar with easy2comply on Balance between Business & Risk management. We've got a record number of attendees and subscribers and also there was a large Q/A session with many actual questions.
This Op-Ed piece was just published today in a Middle East tech journal, addressing human threats to technology and the role forensic psychology may play in mitigating these threats. I hope you find it interesting as well
The Annual Risk Capital Conference will be held on 19 - 23 September 2011 in Frankfurt, Germany. I will be attending this conference on behalf of the GlobalRisk community and will report back with key observations and discussions from the conference.
Dear GlobalRisk Community member, Our community’s mission is to foster business, networking and educational explorations among members. Learn from some of the top experts in the industry as they clearly explain how to approach the most important Risk management concepts. Check out their expert tips and use the link at the end of each article to navigate back to the website to leave your comment or ask a question.
Some of the topics include:
How do you Explain Risk Appetite? How to Prepare a…
I have just published a guide on PEPs screening requirements around the world and would like to know if anybody has any feedback on it? https://complyadvantage.com/blog/politically-exposed-persons-peps-screening-requirements-around-the-world/CA-PEP-Screening-Map-FINAL-V7 (1).jpg
We created a free presentation (attached), which discusses both global and organizational impacts of the COVID-19 pandemic, along with critical actions organizations should take immediately. This presentation introduces a framework that helps regions and organizations navigate a path to recovery via 9 potential scenarios. These scenarios capture outcomes related to GDP impact, public health response, and economic policies. The presentation also breaks down 6 immediate and critical actions…
Now that the updated COSO and ISO risk management standards emphasize a connection to enterprise objectives and decision making, does this mean ERM and GRC solutions focused on risk registers and regulatory compliance are missing the true value of risk management?Will current risk management solutions evolve to integrate more decision support functionality or will standalone prescriptive analytics and other technology solutions take a more prominent role in enabling risk-informed…
We have an interesting question from one of our members.
"We usually perform OTC FX transactions with clients backed-to-back on the market (with Banks). Now we are going to perform a FX swap (i.e. Spot + forward) JPY/EUR for the Bank account for 1 week at the longest. The purpose is to get EUR place @ CB for LCR compliance purpose (no trading purposes).
Bank's Management think that this should be considered as a trading position and therefore be classified within the Bank's trading book.…
The recent sudden crash of oil prices has had a major impact on the world economy, leading to many troubled faces in the international arena. The Russians fear the effects of yet another powerful hit on their economy, Venezuela seems to be considering default and the Americans are weary of the consequences for its young and emerging shale oil industry. And then you have the Middle East, where the smallest match is enough to ignite the largest fire. But are these worries really justified or…
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