Operational Risk NewsLatest news articles on the subject of Operational Risk, Sarbanes-Oxley and Basel II. m-Bryonic Solutions Limited provide solutions for managing process efficiency and operational risk.Audit committees ignoring IT risks, says survey- December 20, 2004 Seven in ten chief information officers at UK companies believe their audit committees are ignoring the risks posed by IT to their business, new research has found.http://www.computerweekly.com/articles/article.asp?liArticleID=135939 Business continuity in 2005- December 17, 2004 What developments can we expect to see in the coming year David Honour gives his top ten predictions.http://www.continuitycentral.com/feature0159.htm Majority of UK organisations ignore collaboration risks- December 16, 2004 Despite over 90 percent of UK companies claiming to depend upon collaborative and partnership activities of some kind to improve their product or service offerings, many organisations are in danger of wasting such resources and time because they are approaching collaboration inefficiently and half-heartedly and are ignoring the potential risks.http://continuitycentral.com/news01676.htm Deloitte releases 2004 global risk management survey results- December 14, 2004 Faced with growing exposure to risk through mega mergers, off-shoring, outsourcing, more stringent regulations and an increased volume of lending, 81 percent of global financial services institutions have established the position of chief risk officer (CRO), according to Deloitte's 2004 Global Risk Management Survey. That number has increased from 65 percent since the last survey was conducted in 2002.http://continuitycentral.com/news01668.htm Sarbanes-Oxley Claim Extension Not Retroactive- December 13, 2004 A 2nd U.S. Circuit Court of Appeals panel has ruled that securities fraud plaintiffs whose claims expired before the July 2002 enactment of the Sarbanes-Oxley Act are not entitled to revive their claims.http://www.garp.com/risknews/newsfeed.asp?Category=20&MyFile=2004-12-13-9895.html Compliance tops security bosses' worries- December 10, 2004 The explosive growth in online fraud and the impact of tough new US regulations were on the minds of information security executives who gathered in New York this week for the second annual CSO Interchange.http://www.computerweekly.com/articles/article.asp?liArticleID=135752 SEC probes stock surveillance companies- December 8, 2004 The US Securities and Exchange Commission (SEC) has subpoenaed a number of firms that provide share purchase and sale data to discover whether their employees have tried to bribe back office staff at banks for confidential stockholder data.http://www.finextra.com/fullstory.asp?id=12970 Tighter Regulatory Environment Increases Business Collaboration, Increases Finance Departments Responsibility- December 7, 2004 The need to improve internal controls in response to regulatory demands remains a top priority among CFOs at the nation's largest corporations, and one that will continue to profoundly impact corporate infrastructure, according to Capgemini and CFO Research Services Annual CFO Study.http://www.garp.com/risknews/newsfeed.asp?Category=19&MyFile=2004-12-07-9843.html Financial Insights Examines Asian Bank Preparations for Basel II Framework- December 4, 2004 New research by Financial Insights examines the Basel II implementation guidelines of Asian regulators and compartmentalizes Asian bank preparations for regulatory overhaul. The report covers best practices in credit and operational risk for implementing Basel II, significant challenges in bank preparations to implement the accord, and Financial Insights analyst opinions on the evolution of the capital framework.http://www.tekrati.com/T2/Analyst_Research/ResearchAnnouncementsDetails.asp?Newsid=4123 |