Risk Management Systems Insights
3rd November 2017
Technology is an ever-moving target. That’s how I’ve described it to my children, adding that it’s also one of the most demanding working environments, because every few weeks or months you need to understand and account for new technologies changing the nature of IT.
In other industries, such as the medical profession,... read more
2nd November 2017
On May 25th, 2018, a mere eight months away, the biggest overhaul of EU data protection law will come into force for all EU Member States with the introduction of the General Data Protection Regulation (GDPR).
GDPR will impose substantial financial penalties on firms who fail to meet the new rules on the management of personal data of EU... read more
31st October 2017
EU-wide stress tests of the EBA chiefly represent a micro prudential and severe assessment of the solvency of the individual banks monitored by the ECB, useful for preventive actions in specific situations. This is an extremely useful test, although insufficient per se from the perspective of the supervisory authorities.
As explained... read more
30th October 2017
On a recent flight home after a client meeting, I found myself thinking about what is really motivating global financial services companies in their decision-making around technology and regulatory compliance. In the highly competitive third-party administrator space, I think one of the primary motivators is the fear of revenue loss (really,... read more
26th October 2017
Onfido CEO and co-founder, Husayn Kassai, talks to bobsguide about the regtech disruption, how machines are better at detecting fraud than humans and his crusade for financial inclusion.
How did you find your way to founding Onfido?
Initially, my co-founders and I had experience verifying identity documents meant for an offline world. The... read more
25th October 2017
The most original innovations often stem from necessity or are born for the purposes of overcoming unforeseen difficulties. This is the case for macro prudential stress tests, namely a set of analysis techniques used by financial supervisory authorities since the great global financial crisis in 2007-2009. This approach has resulted in the... read more
23rd October 2017
Bernhard Kretschmar Senior Manager, zeb Frankfurt & Sebastian Lesslhumer Manager, zeb Vienna
“Liquidity is crucial to the ongoing viability of any banking organisation”.
This statement was made by the Basel Committee on Banking Supervision (BCBS) in 2006. During the financial crisis, it... read more
19th October 2017
bobsguide spoke to Jérôme Pezé, CEO of Tinubu Square, the SaaS trade credit firm. Jérôme talks us through the trade credit landscape
How did Tinubu Square launch?
I started my career in the Paribas Group in trade finance. I then moved to Arthur Andersen, the audit firm, where I worked as a CTA. After... read more
18th October 2017
This article is the second installment in the bob’s guide to acquiring risk management systems (RMS). The previous article in this guide, looked at the five questions to determine if you need a new risk management system, and lay the important groundwork before choosing the right system for your organization.
The bobsguide risk... read more
5th October 2017
The financial services sector is one of the most highly regulated industries in the world. Banks, hedge funds, payment services and a wide range of supporting businesses are subject to myriad regulations and legislation, which can differ depending on the territory they are operating in. Adhering to this extensive and complex set of regulations is... read more