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Trading Technology Growth Slows
Over the next few years, the buy side will continue to spend on trading systems, but growth in the trading technology market is expected to slow down to an average annual growth rate of 4.6 percent, according to a new market review by Celent. Enterprise Data Security Solutions: Variety Is the Spice of Life Enterprise data breaches continue to grab headlines and C-level attention. To combat the threat, companies are using a variety of technologies. Operational Risk Management Goes Global New research from Celent (Boston) suggests that financial services firms across global regions will concentrate much of their spending over the next three years on operational risk management (ORM). Securities Firms Continue to Struggle with E-mail; Used Smartphones and PDAs Expose Data in Resale New research from Celent (Boston) suggests that financial services firms across global regions will concentrate much of their spending over the next three years on operational risk management (ORM). IDA of Canada Uncovers Online Account Attacks, Wells Fargo Mixes a Security Cocktail, Italy's Banco Antonveneta to Use VASCO for Authentication New research from Celent (Boston) suggests that financial services firms across global regions will concentrate much of their spending over the next three years on operational risk management (ORM). Safend UpGrades Endpoint Security With Protector 3.0 Safend (Tel Aviv) is introducing version 3.0 of its Safend Protector product suite to provide access control and auditing capabilities for enterprise PCs and connected devices. SEC Seeks XBRL Tools for Web, and more SEC Releases RFP for XBRL Web Tools, FaceTime and Proofpoint Partern for Email and IM Compliance, Kaplan Financial Launches Virtual Series 7 Training Operational Risk Management Goes Global New research from Celent (Boston) suggests that financial services firms across global regions will concentrate much of their spending over the next three years on operational risk management (ORM). Corporate Actions Trip Up STP According to TowerGroup Research An integral part of today's capital markets, corporate actions processing remains the largest stumbling block to the financial services industry's attempt at realizing straight-through processing (STP), according to a new research note from TowerGroup (Needham, Mass.). SEC Offers Further Relief From SOX Section 404 The Securities and Exchange Commission granted smaller public companies and many foreign private issuers further relief from compliance with Section 404 of the Sarbanes-Oxley Act. Charles Schwab Protects Client Identities With VeriSign Charles Schwab has selected VeriSign to provide a full set of online security services for its clients. Under terms of the agreement, Charles Schwab will deploy both VeriSign Identity Protection (VIP) Fraud Detection and Authentication Services to secure client login and transaction information. Sophis Launches Securities Lending and Repo Module Vetting Fraud Solutions A Glossary of Risk Management Terms: Risk Management Terminology Wachovia Selects SunGard for Risk Management Andrew Silverman, formerly of Goldman Sachs, joins Morgan Stanley as head of U.S. electronic trading distribution Understanding the Stakes BearingPoint Offers Podcasts On Data Security and Operational Risk, and more U.S. Regulators Seek Comment on ID Theft Rule Proposal, and more Fimat Group Launches Pilot in Portfolio Margining for Hedge Funds, and more HSBC Locks Down E-Mail With PGP, and more BlueBay Asset Management Live on SunGard DTCC Enhances Mutual Fund Profile Service to Strengthen Customer Compliance Morgan Stanley Pays SEC $10 Mil. for Not Monitoring for Insider Trading Actimize and Albridge Team to Create Broker Compliance Solution Tilney Investment Management Deploys Network Defence Compliance Software The Sell Side Searches for Reg NMS Solutions at SIA |
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Offshoring risk: Portfolio treatment and the role of operational risk
Offshoring offers financial services organizations attractive cost, efficiency and performance benefits, but it also introduces a wide array of risks. BearingPoint examines the importance of risk management in establishing and maintaining an effective offshoring operation. Enterprise Risk Portfolio Management Financial institutions have initiated a multitude of risk and compliance projects in recent years in response to Basel II, the Sarbanes-Oxley Act and other requirements. Nine Pitfalls of Compliance Program Implementation Financial institutions have invested heavily to comply with the numerous laws and regulations now governing the business world. Even the most sophisticated compliance systems and processes, however, can be rendered ineffective if your firm focuses on the wrong metrics, underestimates the extent of the requirements or fails to get the right people involved. Basel II and Sarbanes-Oxley: Convergence or collision? Implementing an integrated approach The Sarbanes-Oxley Act of 2002 has attracted the lions share of risk management effort and resources over the last three years for public companies operating in the United States. Yet it is by no means the only major regulatory change affecting financial institutions. Integrating Sarbanes-Oxley Controls Into Your Corporate Governance Framework Many companies have established separate governance procedures for Sarbanes-Oxley controls, believing that financial reporting risks are somehow different from other business risks. This lack of a direct connection between policies and procedures means that companies have no assurance that controls are working and that the risk is being effectively managed. Scenario analysis for Basel II operational risk management Financial institutions have always recognized the importance of safeguarding customer data. Several recent events in the market place have become significant due to never-before-seen levels of regulatory fines and litigation expenses... Basel II Operational Risks - Avoiding the seven pitfalls in Basel II operational risk implementation The Basel II Capital Accord is compelling large, internationally active banks to see operational risk in a new, brighter light. By formally introducing operational risk into risk management and capital calculation, Basel II is moving these institutions to explicitly identify, measure and report information related to operational risk. Many smaller banks and non-bank financial institutions are following suit. A New Paradigm in Enterprise Governance Passing Sarbanes-Oxley review signifies only that your firm has implemented internal controls for financial reporting. It does not mean that your organizations governance model is adequate to the task of maintaining and modifying those controls as needed.  |
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