Financial Risk Management

This network brings together professionals involved in the oversight and management of their company's financial risks and exposures as well as solution vendors, in order to discuss risk issues including interest rate risk, foreign exchange risk and commodity price risk, among others.

Mike O'Keeffe General manager at Corlytics

More PPI pain for UK high street banks

In 2017, it was reported that the payment protection insurance (PPI) scandal had cost some of Britain’s largest high street banks more than £34bn. Yet our analysis of over 1.25 complaints shows that the last kicks of PPI are still to come. With the PPI complaints deadline looming on August 29th 2019, our data shows that many banks are experiencing...

23 April 2019 /regulation /retail

Steve Wilcockson Product Marketing at Quantexa

Deja Vu All Over Again - Financial Lessons from the Brumadinho and Mariana Dam Disasters

There is a Youtube video on the collapse and causes of the collapse of the Mariana Dam disaster in 2015, specifically using satellite imagery to assess key elements before, during and after the Fundão Dam collapse. The Fundão Dam was a tailings dam, built to accommodate the waste resulting from the extraction of iron ore from the extensive Germano...

16 April 2019

Keith Stanton International Product Manager (Fraud & Risk) at FIS

Tipping point - when simplicity is not enough in a fraud system

For at least the last three decades, fraud monitoring of transactions and portfolios has been a cornerstone of protecting the brand, be it for scheme, bank or consumer reputation. There have been a number of heavy-duty products in the market place in that time that target specific monitoring needs. However financial institutions can meet regulator...

24 March 2019 /payments /regulation

Keith Stanton International Product Manager (Fraud & Risk) at FIS

Card Fraud in Europe - it's still increasing

In September last year – the ECB produced its first report on Card Fraud since 2015. It is unusual to see a public report that covers all of Europe and there are some interesting viewpoints to be taken from it. And despite the gap in production (and that it relates to data up to 2016 only), it's very clear that Payment Card Fraud is still very muc...

17 March 2019 /payments

Retired Member 

Merging RegTech and Identity

According to a recent report by MarketsandMarkets, the Regtech market is expected to be worth $12.3 billion by 2023. This is driven by an increase in the cost of compliance, as even more regulations are adopted and the requirement for a more streamlined customer experience proves to be more important than ever. Know your customer, anti-money laund...

12 February 2019 /security /regulation

Scott Cutler Director, at Fortinet

The Cyberthreat Trends the Financial Sector Needs to Follow

By Scott Cutler, Director, Sales - UK&I MAM at Fortinet For cybercriminals, a successful cyberattack has the potential to bring significant financial gain. Capitalising on the theft of information, whether credit card or banking data or the selling of personally identifiable information (PII) on the dark web, ultimately involves exploiting

30 January 2019 /security

Breana Patel CEO | Thought leader in Bank Risk & Regulations at Bonova Advisory | Risk &Regulatory Advisory

5 Ways Chief Risk Officers Must Pivot Their Role

In the midst of U.S. midterm election results, the public witnessed various instances of new leadership arising in a changing political climate. Just as politicians learn to pivot their stances to best address the current needs of their state and country, so too can chief risk officers (CROs) restructure their roles in changing market dynamics. Ri...

22 January 2019 /regulation /startups

Martin Kisby Head of Compliance at Equiniti Credit Services

From Profit Police to Strategic Imperative: the Changing Face of Credit Compliance

For any FCA regulated firm, the risk and compliance function is an essential and integral part of the business – but it wasn’t always that way. Martin Kisby, Head of Compliance at Equiniti Credit Services, explores the motivations behind the evolution of compliance functions in consumer credit firms. Risk and compliance departments, once held ...

07 January 2019 /regulation /retail

Michael Kerman Marketing Executive at Self-Employed

Customer Screening is the DIY Project From Hell

Every year, without fail, many banks and financial institutions embark on internal projects to improve their compliance operations. And every year, also without fail, they stumble and get stuck. What is it about customer screening that makes it so hard for firms to do it themselves? On the surface, it ought to make sense for these organizations to...

11 December 2018 /ai /regulation

Retired Member 

Kenya tackles headwinds backed by robust remittances

Kenya’s economy is largely driven by agriculture and tourism. Struck by a drought in 2017, Kenya was grappling with headwinds in order to sustain its economy. The Kenyan shilling took a severe beating. The Central Bank of Kenya was hard at work to keep the economy and the currency afloat. The only beacon of hope for Kenya during those difficult mo...

09 December 2018 /payments /inclusion