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More tools on the market

BRUSSELS AND NEW YORK – Two firms brought new op risk software products to the market in September – Brussels-based FRS and New York-based Mantas. The op risk software industry is growing more crowded, with other firms such as Protiviti entering this year, and both SunGard and OpenPages rumoured to be developing solutions.

FRS, a provider of enterprise risk and regulatory compliance solutions and a business unit of S1, unveiled the FRS Active Guidance Catalogue, an aggregation of 'best practices' as defined by standards bodies, such as Committee of Sponsoring Organisations, the Office of the Comptroller of the Currency, the Public Company Accounting Oversight Board, and learned through customer implementations. The

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Emerging trends in op risk

Karen Man, partner and member of the global financial institutions leadership team at Baker McKenzie, discusses emerging op risks in the wake of the Covid‑19 pandemic, a rise in cyber attacks, concerns around conduct and culture, and the complexities of…

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