Category Archives: Financial Services

What financial institutions need to know about the Financial CHOICE Act

Dodd-Frank is one step closer to getting repealed — but there’s still a ways to go. Financial regulatory reform is making its way through Washington. The House has passed the Financial CHOICE Act and the bill will now makes its … Continue reading →

Avoid a reporting crisis

Many European insurers’ existing financial and capital reporting processes are becoming increasingly unworkable and unsustainable in the face of burgeoning regulatory and accounting demands. Process transformation, rather than constant fire-fighting, is emerging as the only long-term solution. The Solvency II … Continue reading →

DOL’s new rule is now in effect — wave of fiduciary litigation may follow

No more delays. The Department of Labor’s (DOL) new fiduciary rule goes into effect today. While the DOL is willing to provide temporary enforcement relief to fiduciaries diligently working on compliance, the door is now open for civil litigation. What … Continue reading →

New and emerging risks, related risk transfer and financing solutions

New and emerging risks, related risk transfer and financing strategies were topics of discussion presented by Marc Paasch and Derrick Easton from the Alternative Risk Transfer team, and Melena Ortega from Munich Re, at RIMS this year. Emerging risks, defined … Continue reading →

Payback time: What your CFO wants to know about your loyalty rewards program

Advanced analytics techniques are enhancing loyalty program investment cases and helping to more consistently blend financial and marketing objectives. Most customers love being rewarded for brand loyalty, and businesses love loyal customers. It’s a simple formula that has seen loyalty … Continue reading →

What does a good risk culture look like?

In 2012, a major international bank disclosed a multi-billion-dollar trading loss on its synthetic trading portfolio. By its own admission, the events that led to the company’s losses included inadequate understanding by the traders of the risks they were taking; … Continue reading →

Fewer deposits will mean fewer banks

Banks are continuing to merge, however the motivations for mergers are changing. Expect the next wave of mergers to be driven, at least in part, by the anticipated change in available bank deposits over the coming years. Management needs to … Continue reading →

How to measure risk culture

What gets measured gets managed, and that certainly holds true for risk culture. But how do you measure it? The very notion of organisational culture can seem difficult to describe, let alone quantify or manage. As a result, many companies … Continue reading →

Managing and improving an organisation’s risk culture

This is the second in a series of blogs on risk culture. In this post, we address the fundamentals of improving an organization’s risk culture. Subsequent posts will delve into how to measure, analyse, and manage an effective risk culture, … Continue reading →

What is risk culture?

Risk Culture – This is the first in a series of blogs on risk culture. We start the fundamentals and a definition. Subsequent posts will delve into how to measure, analyse, and manage an effective risk culture, how to understand … Continue reading →