The new Airmic-Axco database of international insurance regulations, Insight Risk Manager, has already proved very popular with the risk management industry. Just weeks after its launch in June, more than 100 Airmic members have registered and are actively using it, and the number of users continues to rise at a steady pace. Continue reading…
by Melvyn Morrison
Frank Staelens is the President of European Institute of Fraud Auditors. This new Institute develops best practices for professional forensic practitioners in the public and private sectors. We recently spoke to Frank Staelens about the forensic auditing community. Continue reading…
Various labels – subprime, bank lending, sovereign debt and monetary – have been used since 2008 to describe the economic crisis. Yet its scope doubtlessly extends far beyond these spheres. The crisis poses a fundamental question for society about the role of government, squeezed between unpredictable global corporations and public debt that requires refinancing to guarantee social order. Gorged on debt, governments are hostages to banking sectors, themselves prisoners of central banks that need to support private enterprise by constantly providing liquidity. Continue reading…
It is a well-worn phrase “we need to do more with less”! Or in other words, can we ensure that more than one task we have to do in our day jobs can be incorporated in a single effort to ‘gain efficiencies’ or, in real speak, ultimately save money ? So I thought I would look at a typical AML and typical Trade Credit policy and see just how different or similar they were. Now, I do not profess to be a compliance officer nor have I had the stress of being a CFO so I will accept that the devil is always in the detail. However, here are just a few areas I thought seemed to have a very real sense of similarity. Here are just five examples.
The Board of Directors of the Banca Monte dei Paschi di Siena has appointed UBS and Citigroup as financial advisers for the definition, structuring and execution of the mitigating actions of the Capital Plan, as well as to explore all strategic alternatives for the Bank. Continue reading…
Just before the European Central Bank (ECB) takes over the regulation of the 123 big banks in Europe on November 4th, the European Banking Authority (EBA) publishes the results of the EU-wide stress test. The purpose of the stress test is to test how healthy banks are, how is the resilience of the EU-banks at adverse economic developments. The EU-wide stress test is coordinated by the EBA and carried out in cooperation with the European Central Bank (ECB), the European Systemic Risk Board (ESRB), the European Commission (EC) and the Competent Authorities (CAs) from all relevant national jurisdictions. Continue reading…
Increase your revenues by employing SAS software. The Patrimony Department of the Belgian Federal Public Service (FPS) Finance proves this is possible. SAS software enabled the department to significantly improve the detection of increasingly sophisticated and dubious transactions and hence collect more real property taxes. “By migrating our analytical model to SAS, we significantly improved our efficiency and increased the detection of dubious real estate transactions”, as quoted by Guy Hofman, Advisor at the Patrimony Department of the FPS Finance.
Robin Bortz is the Voice Biometrics Sales Development Manager for EMEA at Nuance Communications. Bortz has extensive experience in promoting advanced and new innovative technologies to global markets. He was previously part of the PerSay team that was acquired by Nuance. In his current position, Robin focuses on supporting partners and customers in the EMEA region, thereby enhancing their customer experience in the voice biometrics market and helping them to combat fraud and enhance security.
by Marijke van Hooren
The costs of financial data, and more precisely poor data, have become a burning industry issue. Data environments are very large and complex. And when financial data errors appear on entry at a firm, they can be easily propagated elsewhere in that company.
by Simon Wicks
The drive to deliver faster payments processing across multiple global markets, coupled with the need to increase efficiencies and reduce costs, has become the Holy Grail for many banks keen to ensure they effectively meet client needs and retain their competitive position. However, balancing these desires with the technical challenges and emerging risks in a 24/7 world, can prove extremely difficult.
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Gone are the days when organisations could simply promise a speak up culture. Today, fostering a culture of trust, integrity, and a positive work environment…
Download whitepaperEconomic uncertainty has driven the perfect storm of interlocking risks described in last year’s Risk in Focus in new directions in 2023. Organisations are now…
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Lieve LowetEU Affairs consultant and lobbyist
Elina Karpacheva Chair of the European Compliance Centre based in Sofia, Bulgaria
Ahsan HabibManager, AML Investigation - Correspondent Banking, Royal Bank of Canada
Michael AmadoLawyer in Paris / Lawyer in Canada
Alex MovchanAlex Movchan CIA CICA CFE is the President of the Institute for Internal Controls - Central and Eastern Europe
Elena PykhovaElena Pykhova is a thought leader, influencer and founder of a think tank, Best Practice Operational Risk Forum. 
Daniel VaknineCEO and Partner of Visslan
Nancy MehradAuthor and the CEO and Founder of Registrant Law Professional Corporation
Ajay KataraConsulting Partner and Head the RegTech Portfolio in Banking Risk Management area at Tata Consultancy Services (TCS)
Introduction Aware of the ins and outs of the CSRD in one day During this practical day, you will learn everything about the CSRD quickly…
The EIB, the European Union’s bank, is seeking to recruit for its Group Risk & Compliance Directorate – Regulation and EIB Group Risk Department –…
Language:English
ISBN:9791280623188
Price:€ 34.95 (Paperback)
The book introduces the key elements contributing to entrepreneurial vitality and sustainability in the medium and long term with a specific focus on digital transformation….