First, what is Sarbanes-Oxley (SOX) 404 compliance? It is the legal requirement for public companies that senior management state that their company's financial reporting is accurate. Sounds simple? The expense and the value are all in the execution. How is that done? Simply put, the flow of information from the financial reports themselves is traced and connected to the activities that generate that information and the resources that are depended upon to generate that information. That sounds l
All Posts (6240)
Sort by
Fitch’s publication made the news in the Financial Times recently. An extra $566bn has been announced as the figure big banks will need to meet the tougher Basel III bank capital standards.
But how will financial institutions meet these steep capital requirements? Find out at Euromoney’s Basel III: The Resolution Conference.
Hear from commercial giants including Lloyds Banking Group, Rabobank, Commerzbank and Unicredit on their strategies for optimising capital in light of the Basel III guidelines
A recent debate on the ISO 31000 Linked in forum about time and risk poses the following question "Is delaying a risk considered a separate treatment method or is it just a sub-type of changing the likelihood?"
This is a very interesting statement and leads us to look at risk through time here in this blog.
Continue reading by following this link
Maturity across the Counterparty Credit Risk (CCR) and Credit Valuation Adjustments (CVA) space varies greatly across the industry. Our recent survey provided some interesting insights as to whether banks are ready for CCR and CVA under Basel III, thanks to detailed responses from our clients and academic participants.
We found that there are clear differences of opinion between academics and practitioners particularly when it comes to Basel III readiness for CCR. The same is reflected with rega
We'd like to get your input on how you see Big Data and Cloud Data Warehousing. Please take our 10 question survey and give us your input. Everyone who completes the survey will be entered into a drawing for an iPad. The survey closes on June 8th at noon Pacific and the iPad winner will be notified on June 12th.
=⇒ http://bit.ly/TreasureDataTech
This paper identifies today's most critical web threats and provides checklists for you to identify and evaluate the security capabilities you need for the best web protection.
The web is the number one source for malware distribution today. While many organizations have replaced first-generation URL filters with secure web gateways, even these advanced solutions do not provide web protection everywhere. This paper identifies today's most critical web threats and provides checklists for you to i
Video interview with XL CEO Mike McGavick...on WRINtv.
Mike McGavick discusses how economic instability affects clients, the hardening insurance market, growth through innovation and M&A activity, Dublin's position in the global insurance industry, and the major challenges and threats facing the industry.
Use companies in GR as "Fronts" for Intelligence, security, etc worldwide.
For NGO, Corp security roles worldwide.
Just thinking.
If we assume risk management is actually formalised within an institution, then a firm might do well to perhaps consider embedding decision making and appetite into their risk enterprise framework.
A look into why it is so hard to comprehend risk appetite and five tips which improve the quantification of risk appetite on objectives.
The cloud is worth the risk if the annual benefit minus the expected cost of risk is greater than the cost to run in-house. A simple statement, however, on closer inspection the complexity of the decision becomes apparent and the engineer in me rises to the surface. Below is the cloud outsourcing decision expressed in mathematical terms. If you follow it through your cloud outsourcing decision should become clearer, even if it is difficult to assign numbers to give you an accurate answer.
In mat
The enterprise social software market is exploding thanks to converging trends of consumerization, cloud, and mobile. In this must-read report, "The Forrester Wave: Activities Streams, Q2 2012", Forrester Research Inc. evaluated five social software vendors with core strengths in the stream based on the overall strength of vendors' current offerings, a clear product strategy, and vendor market presence.
Learn more: ===> http://bit.ly/ActivitiesStream
The ongoing struggle to prevent hackers from breaching assets and malware from gaining a foothold requires a vulnerability management strategy that begins with a comprehensive measurement of security risk. Organizations must examine the entire IT stack, including the operating system, network, applications, and databases. These new technologies include dynamic, virtualized environments and services outside traditional physical IT infrastructures, such as virtualized, cloud-based services and soc
There’s always a bright side to things, just ask the markets.
All three headline composites of the latest Case Shiller home price index were lower for the first quarter 2012. In fact, home prices in many cities are at the lowest levels since the housing crisis began.
This “good news” combined with the other “good news,” Greece being such a gigantic financial disaster that it’s getting kicked out of the Euro, propelled the market higher.
If we are going to follow the stock investor’s lead, and
Cold War 1 was from 1945-1991, with US & Russia, China on sidelines BUT aiding Korea & Vietnam.
Cold War 2 from 1991 Gulf War to Today with renewed China & 2nd Soviet empire rising.
China has stealth fighters, a aircraft carrier, tested sub launch missile off CA & her huge Army.
US vs China, but China owns our debt.
Total GlobalRisk alone from
Nuclear War
Biowar.
The Chinese hate Indians thus the 1/3rd of mankind killed in NT Rev Bible book.
War is coming.
Many sci fic movies have shown the ET alien threat since War of the Worlds radiocast in 1938 etc.
But on Science Channel, they had piece on Realistically looking at ET Threat & had these assessments:
o ET will use EMP devices to freeze worldwide Electronics.
IE No Dish TV, No EFTs, no car starting
o ET would use Kinetic discharge weapon to pillage the Earth.
ET will fear our Technology.
See 1950s movie War ofThe Worlds & 1990s ID4.
Both aliens assulted the Earths technology base.
Need a Unified O
Profiling.
OK armed citizenry
Make public so citizenry can act on data
Combine Intelligence agencies??
Combine data.
Reorganize Intelligence.
Expand" front" Co/
Hire Non types IE say Non IT for IT positions not req say programming?
CUT DoD waste for Data.
Drones over US Mex area.
Merge with counter piracy issues.
ID money trail.
More indoor gun clubs estd for Public use.
alone can deter terrorisim in the US, Canada.
Space debris racing thru Orbital space at say 10K mps can wreck havoc on manned spacecraft & satellites.
It can be the basis for a 350B Business alone,.
See Dan Weiss on Facebook.
Clearing Space Debris:
o Use giant magnet to attract the metal objects.
o giant fishnet to collect miscl objects
o shot to the Sun or Moon.
o Take some pieces to Earth for Reuse??
o some to a Musuem?
Space Debris Removal needs:
o worldwide Spaceports
o Orbital Hub for Collections
o Drone collector units.
o Lunar processing pl
Concentration risk is the "spread" of outstanding obligors or specifically the level of diversity that exists across a bank's loan portfolios. The lower the diversity, the higher the credit concentration risk.
In this blog post we look at the stress testing aspects around concentration risk and a presentation has also been attached to this journal which can be downloaded.
‘Shortage in liquidity will kill you instantly and excess liquidity will kill you over time’ is a well-known industry saying which serves as a very real warning to banks across the globe of the dangers of poor liquidity management.
These dangers are highlighted even more starkly by the waves of change that are washing over the banking world, ranging from Europe’s painfully drawn out debt issues to last month’s revelations that four major US banks failed their latest rounds of stress tests. All in
Lure Yachts.
Armed crew with hidden weapons.
Raid shore bases.
lay mines.
Use Navy SEALs for missions or Mercenaries.
House hidden arms on ships IE deck guns ala Q ships WW2.
Train crew to use guns.
Pvt armed escort ships?
New insurace from London.
Globalwide Counter Piracy Organz??
Have trained Gun crews with crew on select ships.
