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September 2005 COVER STORY  Redefining Risk As holistic mandates such as Basel II and Sarbanes-Oxley rouse renewed focus on risk management, financial services firms are altering traditional structures and introducing new roles. JPMorgan leads the pack. |
 FOCUS ON: Data Centers Always Be Prepared Data recovery sites are a major component of Wall Street firms' business continuity plans. CIO CHALLENGE IT/Business Alignment Often, business leaders' goals compete with the technology group's priorities. To ensure that enterprisewide performance remains the No. 1 goal, the CIO must keep the lines of communication open and educate the business about technology alternatives. BUSINESS LINES Lines of Communication As firms attempt to speed up the legal search and retrieval process, unified messaging offers a logical answer. Or does it? The Long Road to Integration As Lehman Bothers' acquisition of Neuberger Berman illustrates, post-merger integration is a hard journey. Reconcilable Differences After centralizing its global reconciliations operations, RBC now plans to deploy SmartStream's TLM Reconciliations platform. INDUSTRY VOICE Mutual Fund Musts By: Atul Seth, Senior Associate, Infosys Technologies Historically, compliance requirements for investment management companies have been driven by regulations. PERSPECTIVES Redefining Risk It wasn't long ago that risk management implied VaR (value at risk) and ERM (enterprise risk management). Today, however, in an age of Sarbanes-Oxley, The USA Patriot Act, software viruses, spyware, physical security and transit bombs, financial markets risk has a completely new meaning. |
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FROM THE EDITOR 18 Months Outside the Box It could be the buzz that surrounds the industry. Or maybe it's the industry's fixation on the latest, fastest and most cutting-edge technology that brought me back after an 18-month break. In what other industry can a millisecond improvement in transaction speed translate into exponential profits? PRODUCT WATCH Macgregor Proves Compliance Hedge Fund Accounting MessageGate Monitors E-Mail PEOPLE & CAREERS Atkin Joins Outsell as Vice President Lind Leaves TowerGroup For GoldenSource Jaffe Leaves CCO Post at OTA Financial Keeping Tabs UP FRONT Cyber Crime Falls Spending On Grid Technology To Rise IT Spending Growth Remains Flat Millionaires Seek Virtual Services CIOs Get Respect Dear CIO... Because data management has become so important in the industry, will we see a C-level data manager, such as a Chief Data Officer or Data Czar to manage front- to back-office data holistically and globally for the firm? |