In pure Brussels' style, as Members of the European Parliament (MEPs) start packing to hit the campaign trail at home for the 2014 European election, many of the dossiers that have been lingering during the past legislature are being pushed across the finish line. Even Solvency II, which holds many (more...)
The combination of new regulations, including Basel III and Dodd-Frank, with an increasingly uncertain business environment, has led to the realization within the financial services industry that the disciplines of model risk management, liquidity risk management, and risk data aggregation are interrelated business obligations. Despite the market challenges, financial (more...)
National Australia Bank (NAB), founded in 1893, is a financial services institution serving over 12 million customers with a full range of retail, commercial and wealth management services and products. NAB operates in more than 1,750 stores and service centers globally. They are ranked as the 17th largest bank (more...)
Enterprise Case Management (ECM) in compliance space is a hot topic today. Institutions are focusing on ECM as a means to achieve productivity gains and win customers. I believe there are three primary drivers for this line of thinking:
- Replacing a detection or transaction/activity monitoring system is costly and risky. (more...)
On June 3rd, I saw the Gaylord Resort Centre in Washington D.C. become the hub of C level executives and managers of insurance carriers for the IASA 2013 Conference. Insurance Accounting/Regulation and Technology sessions took the focus, but there were plenty of tertiary sessions for career development, which (more...)
Risk Managers and Risk Architects were enjoying a slow beginning to the year when the Basel Committee decided to release a new directive of risk data aggregation and risk reporting. Sure enough, no organization had in earnest thought of the right architecture for risk reporting.
So while the new directive (more...)