November 2013 Blog Posts (18)

The top 5 trading experts on the West Coast

The 5 trading experts featured in this publication were selected based on experience, thought leadership, nominations from industry peers, and their storied success within the finance industry.

Download the report to hear their answers to the following…


Added by Caroline Hornby on November 27, 2013 at 5:15pm — No Comments

Carry out spot checks on Systemically Important Financial Institutions to ensure your risk management practices are compiled in practice

Systemically Important Financial Institutions (SIFIs), by simply being so labeled, have been forced into the financial services and public spotlight. The debates regarding SIFI status range from the likelihood of lower costs of capital, because of being identified as too big to fail, to whether SIFIs should be forced to make divestments to reduce their size and complexity to the point they are no longer systemically important. Within that particular debate the benefits to the sector of…


Added by SecondFloor on November 27, 2013 at 2:12pm — No Comments

Tackling Risk Management Technology Challenges: Front-to-Back Integration of Risk Management Systems

Integration is a hot topic this year for risk professionals. In PRMIA’s 2013 survey of buy-side risk management trends, a lack of front-to-back integration of systems emerged as the second biggest technology challenge, pipped only by the need to create a complete view of risk from multiple risk systems.

Poor integration compromises risk management…


Added by SecondFloor on November 27, 2013 at 2:00pm — No Comments

Tackling Risk Management Technology Challenges: Gaining a Complete View of Risk from Multiple Systems

As financial institutions have become more complex, so have their risk management systems – and that’s a problem.

Organisations that have grown through acquisition and diversification typically find themselves running a huge number of different systems: whether for different asset classes, different types of risk and/or for different operating entities.

That complexity is causing major issues. Research carried out by the …


Added by SecondFloor on November 27, 2013 at 2:00pm — No Comments

Carry out spot checks on Systemically Important Financial Institutions to ensure your risk management practices are compiled in practice

Regardless of the drama and conjecture within the debates there is one certainty already evident – local supervisors are carrying out spot checks on Systemically Important Financial Institutions (SIFIs), to ensure that their risk management policies and practices are comprehensive, documented and are being complied in practice. 

Can you Benefit from a Supervisory Spot Check? …


Added by SecondFloor on November 27, 2013 at 2:00pm — No Comments

Risk Leadership: Risk - What It All Boils Down To

Risk Leadership: Risk - What It All Boils Down To

Earlier this year I read Administrative Behaviour by Herbert A. Simon which was first published in 1946.  I highly recommend Simon’s book for risk…


Added by Bryan Whitefield on November 26, 2013 at 11:52pm — No Comments

Peer-to-peer lending – game-changer or business as usual?

Will peer-to-peer lending change the personal loans market beyond recognition? Or will increasing regulation and overheads erode its differentiators? Traditional savings products are not attractive at the moment, with typical interest rates for one-year cash ISAs at less than 2%. At the same time, peer-to-peer lenders such as RateSetter and Zopa suggest their lenders can receive long-term returns of 4% or higher. So it is no surprise that the UK peer-to-peer lending market is growing…


Added by Simon Strong on November 26, 2013 at 2:07pm — 2 Comments

Regulation With a Clap of Thunder and a Massive Hammer

Two important events happened in November 2013. First, the Fed released its latest stress test definitions, to be used as the basis of the Comprehensive Capital and Analysis Review (CCAR) report, due in March 2014. Second, Thor returned to cinema screens in the action sequel, ‘The Dark World.’ So, why are these two things collectively important?

While seemingly unrelated, Thor is actually a remarkable and timely metaphor for modern regulatory practice: protect the system first, the…


Added by Marcus Cree FRM on November 20, 2013 at 1:01pm — 4 Comments

ERM for Retail Risk: An Early Stocking Stuffer

With Halloween behind us, the calendar turns to the most critical part of the year for Enterprise Risk Managers in the retail industry. An operational risk failure at this time of year can result in millions of dollars in losses, and it’s as important as ever to manage the reputational, strategic, and supply chain risk that will make or break a holiday season.

With that in mind, our friends at the…


Added by Steven Minsky on November 18, 2013 at 5:30pm — No Comments

Get the balance right: banking security needn’t be at the expense of convenience

How do you get the balance right between customer service and security? The battle between banks and fraudsters is ongoing, with banks losing millions each year through fraud.

In addition, the rise of digital and mobile banking over the past few years has led to banks investing heavily in their fraud and security measures. These authentication devices alongside integrated malware detection and fraud monitoring systems can be a barrier to a satisfying, simple customer experience. How…


Added by Toby Henry on November 14, 2013 at 6:37pm — 2 Comments

OCC Stresses Importance of ERM in Vendor Management

On October 30, 2013 the Office of the Comptroller of the Currency (OCC) published a bulletin to the CEOs and CROs of all national banks stressing the need for an enterprise risk management approach to vendor management. In the bulletin, entitled, …


Added by Steven Minsky on November 11, 2013 at 5:00pm — No Comments

How to Effectively Monitor Risks and Controls: Testing vs. Metrics

In today’s organizations, risk managers are tasked with the responsibility of effectively monitoring risk.  They need to know what to monitor and how to determine if mitigation activities are effectively preventing risks from materializing. Traditionally, organizations evaluate…


Added by Steven Minsky on November 7, 2013 at 3:30pm — No Comments

Risk Leadership: Beyond Resilience

Risk Leadership: Beyond Resilience

I have long described the aim of Enterprise Risk Management to be to develop an Adaptive and Resilient organisation …


Added by Bryan Whitefield on November 7, 2013 at 6:06am — No Comments

Interviews with Trillium Trading and Sumo Capital on trading strategy, regulations and more

We spent a few minutes chatting with Erik Gordon, Chief Technology Officer at Trillium Trading, and John Superson, Co-Founder of Sumo Capital.

Download the…


Added by Caroline Hornby on November 6, 2013 at 10:00pm — No Comments

Will video replace the telephone in banking?

With the growing adoption of smart phones, iPads and video-enabled devices, banks now have the ability to implement new channels, including video, for connecting with their customers. And, with the desire to create powerful emotional connections with the customer, video may just replace the telephone.

Telephony service remains a vital way for customers to connect with their bank. However, a video ‘chat’ with a customer presents the opportunity for a bank to deliver a more impactful…


Added by Nick Levy on November 6, 2013 at 12:11pm — No Comments

Are mobile wallets being made by the wrong people?

The leaders in mobile wallet technology? Undoubtedly retailers.  Starbucks and McDonald’s are already building these wallets in response to customer demand.  But with mobile wallet use predicted to rise in 2014, should banks or mobile operators—who are better positioned to offer levels of security customers expect—be building them instead?

The challenge is that the business case for building a mobile wallet shows little direct financial benefit on its own to a bank or MNO (mobile…


Added by Kishen Gajjar on November 5, 2013 at 5:50pm — No Comments

An opportunity for professional career.


Hello Every one,

please help me grow and start my professional career in Finance.

Being Master in Finance, I have been looking for a job in the field of Finance. It's almost been a year, I am trying to get a entry level job/Internship in finance at global level to start my professional career.

I would really appreciate, If you could help me to get anything to start with. I am immediately available and ready to relocate anywhere globally.

Please help me with the same…


Added by Niraj on November 4, 2013 at 7:45am — No Comments

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