SAS
Merrill Lynch selects SAS for OpRisk management and Sarbanes-Oxley compliance
Merrill Lynch, a leading financial management and advisory company, has selected software from SAS, a North Carolina-based software analytics company, to help manage its operational risk and continue compliance with the Sarbanes-Oxley Act, the new Basel…
SAS extends risk software portfolio
North Carolina-based software provider SAS has extended its range of risk management systems by acquiring technology vendor RiskAdvisory. The Canada-based software company specialises in providing risk software to energy and utility companies.
Countdown to Basel II
With Basel II set for implementation in three years' time, some banks in the Asia Pacific region are working hard to align their operational risk systems with the requirements outlined in the new Accord.
Bank West aims for advanced IRB
The Australian Prudential Regulation Authority (APRA) has stated that it expects its four largest banks – ANZ, Commonwealth Bank of Australia, National Australia Bank and Westpac – to adopt the most advanced approaches to measuring credit and operational…
System-ready for Sarbanes-Oxley
Energy companies are not alone in having to review their operations to comply with the Sarbanes-Oxley Act. Energy software suppliers, too, are looking at their systems, although most are confident they are already well prepared, finds Clive Davidson
Lloyds TSB selects SAS to manage risk
UK financial services group Lloyds TSB has installed banking risk management software from SAS, a North Carolina-based data management software vendor. The technology will help the bank to meet Basel II credit risk compliance and further automate its…
Lloyds TSB selects SAS to manage risk
UK financial services group Lloyds TSB has installed banking risk management software from SAS, a North Carolina-based data management software vendor. The technology will help the bank to meet Basel II credit risk compliance and further automate its…
IIB Bank selects SAS for Basel II credit risk compliance
Ireland-based IIB Bank, a fully owned subsidiary of KBC Bank, has licensed risk management software from North Carolina-based data management software vendor SAS to meet Basel II credit risk compliance.
IIB Bank selects SAS for Basel II credit risk compliance
Ireland-based IIB Bank, a fully owned subsidiary of KBC Bank, has licensed risk management software from North Carolina-based data management software vendor SAS to meet Basel II credit risk compliance.
Book extract > Operational Risk Management: The Solution is in the Problem
"There are risks and costs to a program of action, but they are far less than the long-range risks and costs of comfortable inaction", John F. Kennedy . During the last few years there has been growing interest in the need for firms within the financial…
SAS acquires OpRisk Analytics
SAS, the North Carolina-based data management software vendor, announced that it has acquired the principal assets of OpRisk Analytics, a Connecticut-based operational risk analytics company. It did not disclose financial terms.
SAS acquires OpRisk Analytics
SAS, the North Carolina-based data management software vendor, announced that it has acquired the principal assets of OpRisk Analytics, a Connecticut-based operational risk analytics company. It did not disclose financial terms.
Exclusive survey shows "reality gap"
There is a substantial gap between expectations and reality when it comes to the short-term benefits of putting an operational risk management framework in place. This gap is clearly shown in the results of an exclusive survey conducted by Operational…
The headaches of op risk integration
The banking industry, spurred by Basel II, is acquiring systems to cope with the host of disparate issues that fall under the rubric of 'operational risk'. But how do you stitch these piecemeal solutions together?
SAS brings in Alexander as risk adviser
US risk analytics provider SAS has recruited British author and financial engineering academic Carol Alexander as a risk management adviser.
SAS launches new risk management practice in the UK
SAS, a North Carolina-based risk technology and analytics company, has set up a new UK risk management practice for enterprise risk services. It will focus on helping organisations in the financial services and energy sectors identify and understand…
Enterprise-wide risk management: Knitting together bank risks
Thanks to recent events, bank risk managers are placing more emphasis on integrating counterparty and credit risk into other portions of their enterprise-wide risk management systems.
System improvements needed for Basel II still uncertain
LONDON – There can be no certainty at present over precisely what steps banks need to take to ensure their risk management systems are compliant with the proposed Basel II capital accord aimed at making the world’s banking system safer, a UK regulator…
Op risk rules inadequate, says Isma professor
LONDON - The Basel II capital accord rules regarding operational risks for financial institutions are inadequate, Jacques Pézier, a visiting professor at Reading University’s Isma Centre, told delegates at a conference in London this morning.