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.Basel 2: don't just rely on a datawarehouse- November 16, 2004 IT compliance projects for the Basel 2 code on risk management should use software components and integration technology instead of relying on an unwieldy datawarehouse, according to the global head for risk IT at investment bank Dresdner Kleinwort Wasserstein.http://www.computerweekly.com/articles/article.asp?liArticleID=135071 Criminals 'joining finance firms'- November 12, 2004 People involved in organised crime are applying for jobs in finance firms so they can commit fraud, the Financial Services Authority has warned.http://news.bbc.co.uk/1/hi/business/4005355.stm Basel II for India in 2006-end- November 12, 2004 India's decision to implement Basel-II norms from December 2006 will improve banks' risk management system and provide them incentives for meeting the prudential norms, said Basel Committee on Banking Supervision Chairman Jamie Caruna.http://sify.com/finance/fullstory.php?id=13609203 Gateway reviews are not addressing project failure- November 9, 2004 Three years of effort by the Office of Government Commerce has done little to alter the basic weaknesses of major public sector IT projects, according to the National Audit Office.http://www.computerweekly.com/articles/article.asp?liArticleID=134841 Sarbanes-Oxley: Ready-or Not- November 8, 2004 As they brace for the Sarbanes-Oxley Act to kick in next week, U.S. enterprises are keeping tabs on escalating data management requirements associated with e-mail, messaging and recovery processes.http://www.eweek.com/article2/0,1759,1720667,00.asp Asian Banks Lagging in Basel II Compliance Preparations- November 8, 2004 Most banks in Asia's leading countries are lagging in preparations for the implementation of the new Basel Accord, according to The Asian Banker Research. Basel II compliance by the deadline of year-end 2006 is uncertain in Asia. The research is based on interviews with the 40 largest banks across the region.http://www.garp.com/risknews/newsfeed.asp?Category=19&MyFile=2004-11-08-9680.html Ease the pain of complying with legislation- November 5, 2004 There is no way for IT directors to avoid the impact of regulation. Suppliers are of limited help but careful planning can reduce workloads without sacrificing qualityhttp://www.computerweekly.com/articles/article.asp?liArticleID=134795 Emerging market banks may struggle with Basel 2 rules- November 4, 2004 Banks based outside the world's largest economies might struggle to put in place the new Basel 2 capital standards, which govern how much money lenders must set aside to cover loans, Fitch Ratings said yesterday.http://www.businessreport.co.za/index.php?fSectionId=565&fArticleId=2285781 Implementation of Basel II in Australia- November 4, 2004 The Australian Prudential Regulation Authority (APRA) has announced that it will implement the Basel II framework in Australia from year end 2007. Authorised deposit taking institutions (ADIs) will be required to meet the capital requirements of the Framework from 1st January 2008 and their prudential reporting for the quarter ended 31st March 2008 will be based on the requirements of the framework.http://continuitycentral.com/news01593.htm Business continuity standard will be essential, says BSI- November 3, 2004 Measuring how well your company will survive a catastrophe will soon be easier, as the British Standards Institute's PAS 56 moves towards becoming a recognised standard. In just over a year, and following consultation, the standard will acquire the status of a code of practice, similar to the Highway Code or the Health & Safety Code.http://www.techworld.com/security/news/index.cfm?NewsID=2530 |