RiskRSS

OCC report highlights strategic risks from fintech, operational risk from third parties

Office of the Comptroller of the Currency

Strategic, credit, operational and compliance risks remain top concerns for the federal banking system, the US Office of the Comptroller of the Currency (OCC) reports in its Semiannual Risk Perspective for Spring 2017.

Interview: Rivi Varghese, CEO of CustomerXPs Software

Rivi Varghese, CustomerXPs 1

Banking is going digital and instantaneous, which is great news for customers. But it is also a great headache for banks, as fraud is going that way too – the money can disappear into fraudsters’ virtual pockets with a blink of an eye, anytime, anywhere. At the same time, the real-time capabilities of new solutions […]

Technology is an enabler for stability

Clive Pedder is managing director EMEA of Wolters Kluwer Financial Services

A large part of any financial technology businesses is clearly driven by the need for banks to comply with the ever-changing regulatory requirements that affect their business. And this has brought about a frenetic period of activity and growth in this core market. These changes affect the various individual areas within financial organizations Wolters Kluwer Financial Services and others serve, including Finance (e.g. IFRS9), Risk (e.g. Basel III Liquidity, FRTB) and Regulatory Reporting (e.g. CRD IV). They also impact the way in which these processes are governed and controlled centrally

Transform Compensation Management to Increase Results and Mitigate Risk in Banking

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Mitigating risk while rewarding success has become a complex and growing concern in banking. Recent regulatory changes stemming from the financial crisis mean modern banks face regulations from several entities and multiple levels of government that require them to govern, monitor, audit, and report their incentive plans with higher levels of detail than ever before. Many organisations are now challenged to meet these internal and external compliance requirements.

Funds Transfer Pricing: confronting a mosaic of risk

Nancy Masschelein is market manager, risk and compliance at Wolters Kluwer

The need for financial institutions to accurately gauge their exposure to myriad sources of risk has seldom, if ever, been greater. The credit crisis toward the end of the last decade must have made that clear, and if bankers managed to avoid getting the message back then, the point has been driven home ever since by regulators around the world

“Woefully inadequate” CCPs could pose major systemic risk

CCP risks could pose a threat to financial stability

Despite the G20 plans put in place since the financial crisis, CCPs are still vulnerable to unforeseen risks and could put the whole financial system in jeopardy in the event of a catastrophic default, according to senior financial services executives speaking in London today.

Newedge casts an eye over its DMA in Asia

Most countries across the Asia Pacific region are preparing for OTC clearing - but too many CCPs may be a problem

A new post-trade monitoring system will allow French broker Newedge to better manage its risk exposure from its Asian direct market access platform.

Brokers need to focus on risk management says Tabb Group

Tabb: risk management requires new tools - including an understanding of big data

Brokers will need to spend more on risk management over the remainder of 2013 if they are to survive incoming financial regulation and new technologies will be required to make that possible, according to new research by Tabb Group.

The ART of risk management

Return on Equity at US and European banks is falling

Since the 2007 global financial crisis there has been a lot of debate on potential changes across the banking services industry and the potential consequences. Recent market surveys suggest that surprisingly little progress has been made in risk and compliance management and some lack of clarity as to what to do next. Reacting to regulatory change is one thing, but the real goal is to build clarity and confidence that banks are doing the right thing in the right way at the right time

CITIC revamps risk management as China pursues RMB internationalisation

Hong Kong bank CITIC International has chosen to adopt risk management tools from cloud-based market data and derivatives technology company SuperDerivatives, as the company prepares to benefit from the gradual rise in use of the Chinese renminbi.

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