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An Interview with Erkka Pesonen, Director, ALM Risk Management and FTP, at UBS

Ahead of the 11th Annual Funds Transfer Pricing and Balance Sheet Management Conference, we spoke with Erkka Pesonen, Director of ALM Risk Management and FTP at UBS. Erkka works in the Group Treasury ALM team, responsible for FTP setting and methodology and interest rate risk hedging. Prior to his current role Erkka has worked in Treasury cash trading and Treasury funding roles at UBS. He has over ten years of Treasury

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Regulatory changes are an unavoidable reality for financial sector organizations. The government is understandably concerned with the financial sector's risk management. The global financial crisis, which began as a result of a few banks breaching the spirit, if not the letter, of regulations and laws, has only raised regulatory pressure on the sector. Businesses must ensure that they are able to manage regulatory change effectively. However, firms seeking to outperform the competition understan

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Stringent environment regulations and rising living standards expected to drive the demand of the global solar wind hybrid systems market in the forecast period.

According to TechSci Research report, Solar Wind Hybrid Systems Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026 Segmented By Connectivity (On-grid, Stand-alone), By End Use (Residential, Commercial, Industrial) and By Region”, the global solar wind hybrid systems market is expected to grow at a steady

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3 Obstacles Hampering Organizational Agility

Obstacle 1Agile is a robust approach to value creation.  More and more organizations are adopting Agile Software Development approach.

Becoming Agile is imperative to meet and exceed customer expectations and emerging business trends.  Implementing the Agile approach to Software Development leverages significant benefits, including:

  • Rapid design and development of new product and service offerings
  • Revolutionizing processes
  • Managing talent
  • Reforming organizations

However, Agile alone is not enough.  Agile Transf

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Summary in Detail

I got the term “summary in detail” from a fantastic client of mine who I worked with for near on a decade. We were presenting a risk profile in a meeting and at one end of the table someone was complaining about the amount of detail. At the other end of the table someone was wanting to know more, to dig deeper.

At the end of the meeting, I turned to him and in a sort of frustrated tone said: “At one end of the table they wanted less detail and at the other end they wanted more!” His reply: “Welco

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About the interviewee: Abdulatif Alrushaid is leading Cyber Security in Engie Saudi Arabia, overseeing IT/OT operations, and ensuring facilities compliance to national and international regulations. Abdulatif holds a master’s degree in Information Security from Georgia Tech University. 

 

1.Could you share with the Cyber Security community, your top three lessons in securing businesses in the past one year, especially when it to protecting critical infrastructure. 

 

Answer: 

 > Humans are the w

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According to ChemAnalyst report, “Naphtha Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, Naphtha market has shown significant growth as it reached 422 million tonnes in 2020 and is expected to achieve a healthy global CAGR of 3.87% in the forecast period until 2030. With the growing demand of Naphtha from the Petrochemical and other major end-

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The Forrester Wave™ Governance, Risk and Compliance Platforms, Q3 2021, Out Now!
In the report, Forrester provide an in-depth evaluation of the top solution providers in GRC. A must read for anyone considering software automation to manage Governance, Risk and Compliance needs.

The report provides a full analysis of each vendor to help risk and compliance professionals select the best fit GRC solution to meet their requirements.

Read the report to explore:

  • A detailed assessment of the top GRC
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MITSLOAN

Management Review

 

When companies manage employee data responsibly, they’re better able to grow trust while gaining insights.

 
September 22, 2021
 
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We suspect that few leaders appreciate the diversity and volume of data about employees that their organizations are amassing from sources ranging from digital collaboration platforms to workforce wearables and mobile devices. Even throughout the pandemic, the sc

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Risk & Compliance Virtual Conference | Oct 5-7
Hear from exciting, high-profile keynote speakers, industry-leading experts, and peer practitioners to get unique perspectives, candid expertise and applicable guidance for your business and program challenges. This year’s theme: Resilient & Ready. Be inspired and get motivated at NAVEX Next!

 
Register Now
 
 
 
 
Resilient & Ready
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Hi Global Risk Community member

The analyst group, Gartner, has said, "Effective segregation of duties (SOD) controls can reduce the risk of internal fraud by up to 60% through early detection of internal process failures in key business systems."
And in a survey by KPMG, over 50% of respondents said they have more than 10 in-scope business applications for SOX compliance, but less than 30% of them had a tool that supports cross-application SOD reviews.
Failure to maintain adequate segregation

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 By understanding and harnessing their entrepreneurial identity, leaders can help grow their businesses without getting in their own way.

 
September 02, 2021
 
Source:
 
MITSLOAN
Management Review
 
GEN-Crosina-Entrepreneurial-Identity-1290x860-1.jpg

The way entrepreneurs answer the question “Who am I?” — that is, their entrepreneurial identity or EI — plays an important role in how they think and act from new venture launch to harvest.1 For example,

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NAVEX Global
 
NAVEX Global Recognized as a Leader in 2021 Gartner IT Vendor Risk Management Report

The last year and a half accelerated the push for digital business transformation. Now, more than ever, you may be dependent on IT vendors and other third parties to keep your business moving. More employees are working from home now more than ever and the list of data privacy and cybersecurity regulations continues to grow. All of these factors have organizations more dependent on extern
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Rising use of mobile devices and increasing investment in technology-based solutions to drive global fintech market through 2024

According to TechSci Research report, Global Fintech Market By Technology, By Service, By Application, By Deployment Mode, By Region, Competition, Forecast & Opportunities, 2024, global fintech market is expected to register a CAGR of around 20% during the forecast period on account of the rising use of mobile devices and technology-based solutions. One of the key rea

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Roll-out of 5G technology and development of consumer electronics industry is expected to drive the demand for India Semiconductor market in the forecast period.

According to TechSci Research report, India Semiconductor Market By Components (Microprocessors, Sensors, Analog IC, Memory Devices, Optoelectronics, Discrete Power Devices & Others), By Application (Networking & Communication, Healthcare, Automotive, Consumer Electronics, Industrial, Smart Grid, Gaming & Others), By Type (Intrinsic Sem

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Surge in the digitization process and the growing proliferation of smart devices is expected to drive the demand for India hardware wallet market in the forecast period.

According to TechSci Research report, India Hardware Wallet Market By Connection Type (Near Field Communication, USB and Bluetooth), By Distribution Channel (Online and Offline), By End-User (Capital Market, BFSI (Excluding Capital Market), Real Estate and Others), By Region, Competition Forecast & Opportunities, FY2027”, the In

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9595419074?profile=RESIZE_400xBusiness and technology resources are aligned using Enterprise Architecture (EA) in order to achieve strategic results, improve organizational performance, achieve Cost Optimization and Operational Excellence, and guide departments to fulfill their central missions more efficaciously.

Federal Enterprise Architecture Framework (FEAF) does that for any U.S. federal agency and helps systems transcend interagency boundaries.

Planning is one of the most important elements for bringing about change in a

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Growing demand for digital services in the public and private sector is driving the growth of Vietnam Cybersecurity Market.

 

According to TechSci Research report, Vietnam Cybersecurity Market, By Security Type (Network Security, Application Security, Cloud Security, Endpoint Security, Content Security & Others), By Solution Type (Firewall, Antivirus & Anti Malware, Risk & Compliance Management, Identity & Access Management, Unified Threat Management, Data Loss Prevention, Encryption & Decrypti

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According to ChemAnalyst report, “Liquefied Natural Gas Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, Liquefied Natural Gas (LNG) market has witnessed significant growth as it reached 390 million tonnes in 2020 and is anticipated to achieve a healthy global CAGR of 5.00% in the forecast period until 2030. Due to rapid industrialization and ur

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Increased adoption of artificial intelligence and increased enrolment in massive open online courses to drive the growth of Global Smart Education and Learning Market through 2026.

According to TechSci Research report, Global Smart Education and Learning Market By Component (Hardware (Interactive Whiteboards, Interactive Displays, Others), Software (Integrated Solutions, Standalone Solutions), Services (Professional, Managed), By Learning Type (Synchronous and Asynchronous), By Learning Mode (Vi

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