Enterprise risk management (ERM)
In search of the gold standard
Data is fundamental to enterprise risk management systems. Some banks have looked to build single, consistent central sources of information for risk analysis, but how are they tackling this task? Is this goal even achievable? By Clive Davidson
Reporting riddle
A requirement by the UK Financial Services Authority for financial institutions to run regular reports on their liquidity positions from next year has raised a number of operational challenges. Is this fuelling a move towards enterprise risk management?…
The shock of the interaction
Banks have long talked of enterprise risk management, but many firms have historically measured risk types separately and aggregated the results. The financial crisis has highlighted that credit and market risk are closely linked. What are the challenges…
Liquidity risk – an integrated approach is the only realistic solution
For many years, financial institutions have been using the Murex enterprise risk platform for market, credit and liquidity risk management. Today, and in view of the recent market volatility, those users are appreciating the advantages of a multi-asset…
HSBC adopts SAS enterprise fraud system
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La Meer launches integrated operational risk software for hedge funds
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The big picture
Regulators are looking at how best to improve the measuring of risk, but Peter Schild argues the industry should focus on improving governance practices and be considering people and processes across the entire enterprise
Forewarned is forearmed
Management
An enterprising solution
Financial Crime
Vendors feel the crunch as banks lie low
Management
Global banks have limited view of risk
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Insurers still grappling with ERM implementation
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Credit crunch is a risk management cultural failure
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Vendors form ERM initiative to meet S&P evaluations
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The rotten core
The US is now closely examining the root causes of the subprime crisis, including mis-selling, fraud, poor internal controls and perverse incentive schemes. David Benyon explores these issues, and some potential solutions
Rethinking (operational) risk management
For operational risk managers to really make a difference to their firms' fortunes, they must be willing to get their hands dirty and face facts, no matter how scary the facts may be, says Sergio Scandizzo, in the second of a two-part series
Systems failure
Risk management
Required reading
Over the past year, we have witnessed a unique experiment in what makes financial risk management effective. A succinct supervisory summary of what we have learned should be required reading for all interested parties, argues David Rowe
Info security priority for internal audit, says survey
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Insurers show mixed reaction towards ERM
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The battle against financial crime becomes enterprise-wide
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