As the memory of the financial crisis begins to wane and firms’ new, improved risk management practices become operational, worldwide IT risk spending is slowing at a faster rate than previously expected.
The door has opened for hedge fund admins — who, with few exceptions, continue to enjoy a view of the fund’s entire investment book — to offer new services traditionally provided by their prime broker.
While industry talk centers around developing integrated governance, risk and compliance strategies, most organizations still don't use GRC platforms multidimensionally
Deutsche Bank’s director, and head of algorithmic execution for listed derivatives and foreign exchange in the Americas, Greg Wood, recently sat down with WS&T to talk about some controversial risk measures that can safeguard the markets.
A former business continuity executive claims he was forced out of Lloyds Banking Group because he identified severe problems what would cost £200 million for the bank to remedy.
JP Morgan's managing director of electronic execution, Neal Goldstein, recently sat down with WS&T to discuss how new FPL risk guidelines can address the financial industry's risk management pain points.
By Svea Herbst-Bayliss, Reuters | December 18, 2012
Morgan Stanley, the lead
underwriter for Facebook Inc's initial public offering,
will pay a $5 million fine to Massachusetts for violating
securities laws governing how investment research can be
distributed.
After underestimating the strength of Hurricane Sandy, financial firms need to consider 'risk scenario planning' as a tool for forecasting what can go wrong in the future, writes author and risk analyst Andrew Waxman.
New York Attorney General Eric
Schneiderman brought a lawsuit on Tuesday accusing Credit Suisse Group AG of deceiving investors in mortgage-backed
securities.
After more than a decade of DDoS attack evolution, the information security profession employed by banks, is still is not equipped to deal with the problem, argues Jeffrey Lyon, president of Black Lotus.
By Josh Tolman, Greenline Financial Technologies | November 06, 2012
In the wake of recent technology glitches, Greenline's President Josh Tolman sets priorities for chief technology officers to safeguard their systems and avoid future breakdowns.
As Hurricane Sandy battered the North East leaving a trail of death and destruction in New York and New Jersey, Wall Street banks suffered varying degrees of damage. We take a look at seven financial institutions that were slammed by Sandy.
The SEC is ramping up its rules for managing the technology risk of computerized trading on stock exchanges, including a kill switch to stop runaway algorithms.
Even though the NYSE was victim to a Twitter prank, as Hurricane Sandy pounded the east coast, millions of residents turned to Twitter as a hotline that hummed through the night.
NYSE Euronext said it plans to
test a new contingency plan to help resume stalled U.S. equity
trading, and added that its famed trading floor is not yet
damaged by Sandy, one of the biggest storms to hit the United
States.
If firms don't start to do a better job of testing software and systems, regulators may do that job for us. And then things will get really complicated.