13 articles in this selection

2009/07/29

Rogue trader Nick Leeson has called for IT risk management processes to flag trading anomalies in banks.

2009/07/24

For both your sinister viewing pleasure and as a warning of what can go wrong without proper controls, here's a chronological list of eight of the more infamous spreadsheet transgressions, compiled from EuSpRIG, media reports and public documents, which are linked to at end of each entry....

2009/07/24

The constitutional purpose of the group is to promote a free exchange of information on the risks inherent in the use of electronic spreadsheet programs, methods for the development and testing of business models and applications created using such programs, and tools and techniques for the audit of such business models and applications. More specifically, the objectives of the group were to provide a forum where research, into business and audit risks from the use of spreadsheets and ways in which those risks can be avoided and countered, could be collated and presented in a form suitable for auditors and business managers....

2009/07/03

Governance, Risk Management, and Compliance or 'GRC' is an increasingly recognized term that reflects a new way in which organizations can adopt an integrated approach to these three areas. However, this term is often positioned as a single business activity, when in fact, it includes multiple overlapping and related activities within an organization, e.g. internal audit, compliance programs like SOX, enterprise risk management (ERM), operational risk, incident management, etc....

2009/04/07

Blame games aside, most people in the financial services industry are now focusing on how to make sure the current crisis doesn’t happen again.

2008/10/14

During the next two years, IT’s greatest opportunity to significantly improve overall enterprise operational performance will unfold from resolving the nine most contentious issues, according to Gartner, Inc.

2008/09/19

With the current credit crisis triggering more than $400 billion1 in asset write-downs among the financial services industry, enterprise risk management (ERM) programs and components are in high-demand now more than ever to help institutions aggregate risk and treat it holistically. According to a global survey of 316 financial services executives, over 70 percent of respondents believed that the losses stemming from the credit crisis were largely due to failures to address risk management issues....

2008/09/01

THE TIDAL wave of red ink that has swept over the banking sector prompts a simple question: Given that the financial giants have always boasted of their comprehensive governance structures, their risk management procedures and their internal auditing and checking functions, what is the point in all that if it can't protect you from devastating losses?...

2008/08/05

In this article, I cover some of the fundamental issues with testing service-oriented architectures, expand on risks and strategies, and close with a few personal lessons learned.

2008/07/15

To address Sarbanes-Oxley compliance, many companies put in place technology platforms that now support a variety of risk and compliance initiatives. Sarbanes-Oxley solutions were generally purchased with the tacit approval of IT, but few IT organizations...

2008/07/14

How do companies like American Express Incentive Services (AEIS) minimize the risks and maximize the rewards of customer service through a multi-sourced call centers? With a common hosted call center platform.

2008/07/14

With the debt market meltdown, the specialty examining exposure to risk is in the spotlight at business programs across the country

2008/06/18

How do you manage the risk and uncertainty concerning a new process design? In the articles tehre are five options ranging from low-risk suggestions to ones that imply higher risks.