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Like the single European currency and the Channel Tunnel, another ‘euro fantasy’ is now reality. T2S (TARGET2-Securities) is ambitious: a new, bespoke technology solution providing a best-of-breed settlement model. It will handle a substantial portion of European transaction volumes, transferring securities against payment across many different geographies.

We have seen a series of cross-border mergers of market infrastructures, creating the conditions for the development of a single clearing and

With Health Insurance and Healthcare costs continuing to skyrocket and access to trained Doctors decreasing, something needs to change.  The current system is expensive, wasteful, and inefficient.  We are proposing a new Gatekeeper Model that will provide Employees greater access to Doctors at a fraction of the cost with far better outcomes.

The Traditional Gatekeeper Model for Healthcare?

What was the traditional Healthcare Gatekeeper Model?  The Alliance for Health Reform guidebook defines the g

The potential foreign reach of the CFTC's derivatives rules is one of the most contentious issued in derivatives markets reform.  Read more here.

Dodd-Frank and Extraterritoriality

Most agree that working from the top down, meaning to first identify corporate objectives, then focus on the details of how to achieve them is what most managers wish they could be doing more of. However, the reality is most managers are so busy with day-to-day activities that little time is left over to work on the big picture. Everyone agrees the role of ERM is for risk management to be involved in the “key business decisions,” however, some misinterpret this as interviewing only the senior ex

Karim Taleb, Managing Partner of Robust Methods, kindly provided this whitepaper on the Federal Reserve and money creation, and its effects on the S&P 500.

Download the whitepaper here.

“The effects of the Federal Reserve’s on-going policy of artificial money creation are well documented by now… Given that price levels reflect a relative abundance or scarcity of a certain supply against a certain demand, an increase in the supply of money against a fixed amount of shares in the equity indexes natu

In 1973, the first mobile portable handset was invented by Martin Cooper. This would not be on the market for another 20 years. In 1992, the first text message was sent by Neil Papworth from his computer to Richard Jarvis’s mobile phone. 1993 was the year when the first mobile phone capable of sending and receiving text is introduced. In 2003, the first commercial mobile SMS service launches and short codes were introduced for use with text message marketing. In 2005, major brands like Nike and

Enterprise Risk Management means alternate things to different people but the general angle risk analysts seem to take; is to create a risk assessment program or tick list sheet, then torture staff in their company to assess what they often don't fully understand.  This is fine but that is not Enterprise Risk Management in my opinion.  ERM is beyond simple risk assessments or check lists and it should consider a much wider charter of risk exposure quantification in the company.

In the presentatio

We all know the business drivers for re-engineering OTC derivatives operations, from the new extensive requirements for central counterparty clearing (CCP) connectivity to the changes in regulated fund mandates such as UCITS III. This exercise doesn’t have to be just a cost centre, driven by requirements to comply with regulatory demand. Why not take this opportunity to boost efficiencies in OTC and broader derivatives operations, reduce admin and reporting burden and free up more time to genera

There’s no denying the hard work that goes into the comprehensive automation, consolidation and streamlining of reconciliation solutions. But once the resulting efficiencies have been obtained by an institution, is the job done? Well, not quite.

For banks, efficiency certainly has the potential to be the gift that keeps on giving, helping reduce operational costs and risk on a long-term basis. Its continuance, however, relies on ongoing commitment. In fact, leave any automated process to its own

It used to be the case that the more complex your trading infrastructure, the larger your IT team needed to be. Systems specialists, networking gurus, database administrators, telephony and IT support were all needed to manage these systems front-to-back, globally.

Arguably, things have become even more complex in recent years – multi-asset, multi-jurisdictional strategies need to be combined with more onerous regulatory oversight and more demanding client expectations. IT budgets (and staff) can

A Custom Combination of 24/7 Expert Medical Advice From Trained Emergency Professionals and Professional Strength Medical Supplies Providing cost-savings with a Verifiable ROI!

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I want to thank whomever is responsible for choosing me as a featured member for this month.

While new to this group, I am not new to the risk management community.  For a number of years I was an entrepreneur with several start ups.  I based my leap into entrepreneurship on 13 years on the business side of four major newspaper in Des Moines, IA, Chicago Tribune, Charlotte (NC) Observer, and Memphis (TN) Publishing Company.  Rising through the corporate ranks to the executive suite at a young ag

Risk Leadership: 3LoD

I saw this abbreviation, 3LoD, in a presentation the other day and it took me a few seconds before I worked out it refers to the Institute of Internal Auditors' whitepaper entitled The Three Lines of Defence. There are some very good aspects to the paper and a few I am not so keen on.

3LoD has a good summary of the different roles and responsibilities of management, risk and compliance teams and internal audit:

• Managers manage their risks by putting into place processes and s

I’m writing this from Singapore, identified last year by Insead as the 3rd most innovative country in the world and in March 2013 named “Top Innovation City” in a Wall Street journal report.

Financial institutions and corporates operating in this region need modern technology solutions that can be rapidly implemented and easily scaled to respond to massively increasing volumes. Even the simplest of problems need automation when faced with internet scale.

Asian market innovation is all about the de

Businesses began with Enterprise Risk Management (ERM) from the dawn of civilization. The first businesses were small and therefore one person knew all their customers, suppliers and processes. They knew all the risks within their business how they were connected to affect their business goals, which made it easy to manage both the upside and downside “impact of uncertainty on objectives”.

However, as the size of organizations grew in the industrial age, everyone became a specialist and groups of

Do you agree with the following statement "A poorly designed control that is followed is still better than a well-designed control that's ignored."

How do u approach this question