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.SEC Extends Time for Banks to Comply with Gramm-Leach-Bliley Act- November 3, 2004 The Securities and Exchange Commission (SEC) announced yesterday that it issued an order further extending until March 31, 2005 , the compliance dates for banks with respect to certain broker registration requirements contained in the Gramm-Leach-Bliley Act (GLBA).http://www.garp.com/risknews/newsfeed.asp?Category=20&MyFile=2004-11-03-9648.html Futures firms pore over disaster test results- November 2, 2004 Market entities representing approximately 96% of US futures trading volume participated in the first industry-wide disaster recovery tests earlier this month.http://www.finextra.com/fullstory.asp?id=12791 Banking Industry Requires a Macro Approach to Risk Management- November 1, 2004 According to Malcolm Knight, general manager of the Bank of International Settlements (BIS), measuring the risk of the global financial industry requires a macro orientation. The assumption that the stability of the system is simply a consequence of the soundness of its individual components can no longer hold. Knight spoke at a conference sponsored by Socit Universitaire Europenne de Recherches Financires, a Vienna-based financial organization.http://www.garp.com/risknews/newsfeed.asp?Category=19&MyFile=2004-11-01-9634.html |