Password and Identity Management Strategies Begin to Take Shape
As financial services firms come to grips with the vulnerability of their IT systems, best practices around password and identityt management becomes a paramount concern.

Financial Firms Are Struggling to Manage, Archive and Monitor the Exponentially Growing Volume of Corporate E-mail
From in-box overload to lawsuits, e-mail can deliver a nasty bite. Get control of it before you're a victim.

Who Said Technology Isn't Important?
Check scams, logic bombs, data theft, online outages, compensation for botched trades and computer glitches -- and that was only the first six of seven stories gracing a popular financial technology Web site earlier this month.

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.).

Mizuho Sec Demands $350 Mln from Bourse for Error (Reuters)
Japan's Mizuho Securities has demanded $350 million in compensation from the Tokyo Stock Exchange in connection with a massive trading error last December, the head of the exchange said on Tuesday.

ING Investment Management Chief Operating Officer Scott Fox Lays Out the Current and Future Technology Hurdles for His Business
Scott Fox, COO of ING Investment Management, is out to improve risk management, enhance the trading system, and develop new product lines for the firm. He also intends to make a major push into the derivatives market in 2007.

Prioritizing E-Discovery
This article examines the dilemma of the opposing business needs of company directives seeking to reduce the costs associated with producing information for litigation purposes versus retaining business records for compliance and knowledge-management purposes.

ISO: Going Beyond Manufacturing
Information security standard provides a new option for financial institutions' security troubles.

Credit Infrastructure Transformation, Credit Flow Trading and Securitized Products Trading in the Queue for JPMorgan Investment Bank
Michael J. Ashworth, CIO of JPMorgan Investment Bank, part of JPMorgan Chase & Co., directs the company's attention to a credit infrastructure transformation through a complete reengineering of the credit risk department; to credit flow trading with a rollout of an enhanced version of Murex to support trading flow business; and to securitized products training with a buildout of a U.S.-focused trading capability.

Outer Defenses
To win back investors' confidence following a seemingly endless parade of high-profile breaches, remote hardware security has become a differentiating factor for financial services firms.

Indirect Hit
Although MiFID has yet to fall on the EU, the global nature of the industry demands that U.S. firms pay attention to the changes at hand.

Banks Take Their Places on the Grid
As computing demands increase, more and more investment banks are jumping on the grid bandwagon. And as it matures, they're finding more and more uses for the technology.

Lord, Abbett & Co. Conducts Infrastructure and Web Site Enhancements to Improve Security
Building proprietary systems for fixed-income modeling and trading, improving information security and adding new Web site capabilities are all part of CIO Michael Radziemski’s plan at Lord, Abbett & Co.

Assembling the Risk Puzzle
For Fairfield Greenwich Group, aggregating an accurate risk picture across externally managed vehicles requires flexible solutions.

IM: Real-Time Problems
Traders increasingly are adopting public instant messaging services, but most of these applications open severe security holes.

GE Asset Management's Anthony Sirabella Focuses on Improving Data Governance
Data management initiative leads GE Asset Management's SVP and CIO, Anthony Sirabella, to implement Wall Street Office loan management platform, develop a fixed-income attribution model and focus on enhancing trading and reporting capabilities.

Market-Data Revenue: Icing on a Broker's Cake
As soon as Regulation NMS began to look like a reality, exchanges were off to the races, merging with the predominant electronic communications networks (ECNs) and alternative trading systems (ATSs) to build up market share.

Processing Information More-Readily and Mobile Information Access Are in Putnam Investments' Near Future
Senior Managing Director and CTO Philippe Bibi is taking advantage of 64-bit technology to gain more in-memory distributed processing at Putnam Investments and is upgrading mobile information access capabilities.

Cover Your Assets
Insurers must focus on internal risk management rather than depend on the Terrorism Risk Insurance Act (TRIA), which is set to expire in two years, to mitigate losses from a terrorist attack, according to Risk Management Solutions (RMS).

Risky Business
Executives lack a high degree of confidence in their organizations' risk management capabilities, according to a Protiviti (Menlo Park, Calif.) survey of more than 75 C-level executives from U.S.-based Fortune 1,000 companies, including financial services firms.

Add Another Bolt to the Cyber Door
Financial institutions are searching for multifactor authentication strategies as regulators push more security mandates.

E*Trade Continues to Blaze the Online Authentication Trail
Online discount broker E*Trade adds risk-based authentication to account security efforts.

Growth Can Be Risky Business
Financial institutions are focused on selling, to the detriment of data security.

Understanding the Stakes
To get a better handle on their organizations' risk exposure, many firms are turning to enterprisewide risk management.

A New View of Risk
IT security historically was a low priority. Only now are firms approaching the risk associated with their technology infrastructures as a business-critical initiative with substantial bottom-line implications and devoting greater resources to their maintenance.

Security Begins at the Start
The DTCC is working to integrate security into the beginning stages of the application development process.

CIO Challenging, Business Continuity Planning
THE CHALLENGE: Business continuity means more than backing up data. To ensure that business disruptions don't shut down operations, firms must provide employees with remote access to critical systems, which can be more challenging than keeping the systems running in the first place.

Assembling the Risk Puzzle
For Fairfield Greenwich Group, aggregating an accurate risk picture across externally managed vehicles requires flexible solutions.

Tony Soprano and My Social Security Number
We live in a world of trust. We want to believe that everyone is good, and Ozzie and Harriet live next door. Unfortunately this world does not exist -- especially online.

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In 2007, has your budget for technology risk management controls increased?

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 lion’s 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 organization’s governance model is adequate to the task of maintaining and modifying those controls as needed.

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