Category Archives: Financial Services

Chief Data Officers – The Case for the Defence

data storage

A large number of financial institutions (FIs) have appointed chief data officers (CDOs) over the past couple of years. I know a few of them and while they come from a wide variety of backgrounds—some technical, some business, some ‘data … Continue reading →

TRIA, Panic and the Illusion of Business as Usual – Reflections for the Insurance Industry

MR--Matt-K-on-TRIA-and-future-v2

Looking back on the surprise of TRIA’s temporary non-renewal offers lessons for an industry that may not fully acknowledge the complexity of its relationship with government and regulators and may not be ready for fundamental challenges that lie ahead. Continue reading →

Negative Interest Rates: Turning the Banking System Upside Down?

banking upside down

Did you ever imagine having to pay money to keep your savings in a bank account? No? Well, in these times of extremely low interest rates, a new reality is rapidly approaching. As some of the European central banks have … Continue reading →

Cap on Card Payment Fees: Just the Tip of the Iceberg for EU Banks

iceberg

On January 27th, the European Parliament’s Economic and Monetary Affairs Committee voted to support the draft rules prepared by the Council of Ministers during 2014 on the capping of the fees charged by banks in the EU to retailers for … Continue reading →

Felony Banking in the First Degree

prison bar shadow

The last time a major U.S. bank plead guilty to criminal charges, the movie Beetlejuice was in theaters. The year was 1988 and the once high-flying firm of Drexel Burnham Lambert, as a corporation, plead guilty to six counts of … Continue reading →

Regulators Raise the Bar for Cyber Risk: Banks, Be Ready

money-technology

In the last six months, just about every financial institution regulatory body in the US has augmented or is reviewing its process for providing oversight of cyber security risks.   In light of the recent cyber-attacks on banks, health insurers, retailers … Continue reading →

Conduct Risk Investigated: 3 Things Bank Risk Managers Need to Know

bad conduct

The risk of staff acting unprofessionally, unethically or illegally – commonly known today as conduct risk – has recently emerged at the top of the agenda of bank supervisors and bank boards alike. Although few debate the importance of conduct … Continue reading →

Getting Hitched to a Tech Company, Without Regrets

tech-banking marriage

Technology creates strange bedfellows. This is particularly true for financial institutions of late. Continue reading →

What Risks Will Emerge in 2015?

storm light house

Our list of emerging risks for 2015 covers the kind of perils that keep risk managers up at night: cyber risk, oil price volatility, the changing demands of today’s workforce, the over-confidence corporations have in the ability of their entity … Continue reading →

Concentration of Financial Infrastructure in Urban Centers

dense city

Sandy and 9/11 taught us some harsh lessons about how much of the US financial backbone is located in a narrow swath of real estate. It is true that more people are working remotely and that the Internet has made … Continue reading →