Risk Management

SimCorp Dimension Version 5.3 Features Enhanced Risk Management with Reverse Stress Testing

February 12, 2013 - SimCorp, a leading provider of investment management software and services for the global financial services industry, has released SimCorp Dimension version 5.3. Included in the many new and enhanced features and functionality across the enterprise-wide system are: reverse stress testing providing increased risk management, collateral substitution enabling better forecasting and improved control, as well as multiple hierarchies allowing for separation of compliance information.

Risk Management

MAS regulator in Singapore plans ERM risk improvements

January 31, 2013 - The Monetary Authority of Singapore (MAS) intends to improve standards for enterprise risk management (ERM) at all financial institutions (FIs) under its control, it says, as well as review the current risk-based capital regime.

Risk Management

FERMA risk survey highlights cyber threats

January 30, 2013 - The Federation of European Risk Management Associations (FERMA) says its latest survey of its members shows that many companies still do not devote sufficient attention to cyber risks, despite an increase in the frequency, scope, and sophistication of threat vectors, as well as harsher penalties for lack of regulatory compliance and loss of sensitive data – not to mention reputational damage.

Risk Management

EDHEC-Risk Institute Puts Forward a Series of Proposals to Limit Non-Financial Risks in the European Fund Management Industry

January 30, 2013 - In a summary document that concludes three years of research on better management of non-financial risks within the European fund management industry – conducted with the support of CACEIS – EDHEC-Risk Institute is putting forward a series of proposals to limit these risks which emerged during the 2007-2008 crisis and undermined the quality of the UCITS label.

Risk Management

Bungled automated decisions costing FS firms money and customers

January 30, 2013 - An ever increasing reliance on technology brings considerable risks for the financial services industry, with bungled automated decisions costing many firms both money and customers, according to research from the Economist Intelligence Unit (EIU).

Risk Management

National Bank of Malawi Selects Misys Global Risk to Comply with Basel II and Improve Risk Management Across its Business

January 23, 2013 - National Bank of Malawi is implementing Misys Global Risk - Regulatory Compliance across its business to enable it to comply with Basel II. The product will give the bank better insight into its liquidity and improve its cost/income ratio overall.

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