Slovaks risk EU safety net delay by failing to sign off

Slovakia rejected on Friday calls to sign Europe’s 750 billion euro stability programme, a necessary step for the financial safety net to go ahead, amid political wrangling. Read the rest of this post »

June 21, 2010   Posted in: Europe, Finance  No Comments

Banks’ risk management failures blamed on weak layers of protection

Central Bank governor Patrick Honohan called for an inquiry into the causes of the banking crisis last December. At an Oireachtas committee yesterday he said there may not be a need for a full-blown, statutory commission of investigation, as a lot more is now known. Read the rest of this post »

June 21, 2010   Posted in: Banking, Europe  No Comments

Risk Managers Told to Address Unknown Risks

The Risk and Insurance Management Society Inc. (RIMS) announced the release of its latest executive report, Emerging Risks and Enterprise Risk Management, at RIMS 2010 Annual & Conference & Exhibition in Boston. Read the rest of this post »

May 2, 2010   Posted in: Investment, Management  No Comments

Superannuation`needs revamp of risk management’

Rising competition and antiquated procedures will threaten the security of Australia’s $1.2 trillion superannuation industry in the absence of legal changes, the Association of Superannuation Funds of Australia warns. Read the rest of this post »

May 2, 2010   Posted in: Investment  No Comments

Tightening risk management

The ongoing debate in the US over new financial rules may not have direct impact on the local banking scene but it is still important to monitor the developments that may influence the thinking of policymakers and market behaviour. Read the rest of this post »

May 2, 2010   Posted in: Americas, Banking, Europe, Finance, Market  No Comments

Crist wants federal government to run high-risk health insurance pool

Gov. Charlie Crist will leave it to the Obama administration to run the federally subsidized high-risk health insurance plan that is to cover people unable to buy such insurance in the private market due to preexisting conditions such as cancer or diabetes.

In a letter late Friday to Health and Human Services Secretary Kathleen Sebelius, Crist said he agreed that states and the federal government must cooperate in expanding healthcare for Americans but said ``unfortunately Florida is not in a position to authorize new financial obligations.''Source

May 2, 2010   Posted in: Americas, Insurance  No Comments

Debt crisis: is the UK really at risk of being downgraded?

The drama playing out in Greece has been watched with a mix of curiosity, schadenfreude and fear around the world. In the UK, as the markets brace for an indecisive election result and the country grapples with the biggest deficit in decades, the scrutiny of a nearby nation in dire straits has been particularly intense. Read the rest of this post »

May 2, 2010   Posted in: Debt  No Comments

$75 bn global risk capital to flow into India

India is set to be the next big market for global risk capital, according to data collated by early stage venture capital firm IDG Ventures. Read the rest of this post »

May 2, 2010   Posted in: Investment, Technology  No Comments

Grasping the basic kinds of financial risk

Risk, the possibility of loss, has everyone’s head spinning today. Let’s review some of the basic forms of risk and those you may encounter as time goes on. Read the rest of this post »

March 29, 2009   Posted in: Business, Finance, General News  No Comments

‘Financial Crime Risk Management’ technology market projected to hit $3.75bn by 2012

The global market for financial crime risk management technology is projected to hit $3.75bn by 2012, at a compound annual growth rate of 13.1%, according to the ‘Financial Crimes Risk Management Systems 2009′ report by Chartis Research. Read the rest of this post »

March 29, 2009   Posted in: Finance, Management, Market, Technology  No Comments