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.

Manish Jain industry principal at Infosys Ltd

Customer Conversion -Reputation Risk for Banks?

Central Bank guidelines mandate banks in most countries to run their new customers through Know Your Customer (KYC) checks. However, this has its limitations as the checking is restricted to address, photo identification, income verification, credit history and risk classification. Banks need to look beyond mere KYC compliance and strengthen thei...

01 May 2012 /regulation /retail

Retired Member 

SME Lending: East African Banks Gearing Up for Change

A recent Business Daily Africa article “SMEs pay high penalty for poor record keeping” has summarized the results of African Development Bank Research. Financial institutions in Kenya, Uganda, Tanzania and Zambia are recognizing the vast potential of lending to small and medium enterprises. Banks are also intending to pursue additional opportunitie...

11 April 2012

Retired Member 

Flying on the Wings of Curiosity in the Sky of Prosperity

Flying on the Wings of Curiosity in the Sky of Prosperity… What Determines a Credit Bureau’s Success As published today by The National Association of Credit Managers, the Credit Manager’s Index is now at the highest level seen in over a year. The “New credit application” index has grown from 59.5 up to 60.4 this month. The global economy is recov...

30 March 2012 /regulation

Retired Member 

7 Elements That Make a Perfect Decision Management Solution

As the value of the day to day decisions grow, the importance of Decision Management Solution deployment becomes undoubted. Organizations adopting Decision Management improve business results by supporting, automating and improving operational decisions. Understanding this a lot of vendors are coming to market with their brand-new solutions. How n...

14 March 2012 /regulation

Retired Member 

UAE Banks Are Seeing Their Customers With New Eyes

About one out of seven UAE bank customers will recommend their bank to friends and family, reveals a Souqalmal.com survey. “Behavioral intelligence solutions assist banks in pro-actively approaching their clients, allowing to optimize product characteristics and explore up- and cross- sell possibilities. As a result, banks’ customers will be using ...

06 March 2012 /regulation

Retired Member 

Progressive Core Banking Transformation !!!

Happen to attend a Webminar on Progressive Core banking transformation. Major take home points after an hour of the presentation as follows Current Scenario 1. Core banking transformation is nothing but replacing your home with new walls, furnitures, kitchen, Lobby , interiors and painting etc etc. 2. Vision is to replace everything in the home ev...

03 March 2012 /retail

Retired Member 

The Top 5 Concerns of Sub-Saharan Banks

Middle class population in Africa has tripled since 1972 and has now reached 34% of the content’s population (data by “The Middle of the Pyramid: Dynamics of the Middle Class in Africa” report by African Development Bank). In response to this trend, financial services companies are expanding and increasing in complexity. Growth means changes. Chan...

22 February 2012 /security /regulation

Retired Member 

Basel III, CRDIV, EU Crisis: The 'malediction'...

Basel III, CRDIV, European Union Crisis: The "malediction" of the new banking regulations. In October 2010 at the Seoul Summit, the G20 Leaders committed to the adoption and full implementation of the Basel Committee’s new bank capital and liquidity framework within the recommended time frame. They also approved the Financial Stability Bo...

13 October 2011 /regulation

Elizabeth Lumley Global FinTech Commentator at Girl, Disrupted

It's not enough just to have the risk systems turned on

So, now we all know the dirty little secret at the heart of the latest alleged 'rogue trader' scandal at UBS. Risk management was ignored. Well, knock me down with a slide ruler. Now, I wrote a rather snarky blog when this scandal broke asking whether the lights were even turned on in the UBS trading floor, never mind the VaR calculations, risk li...

06 October 2011 /regulation

Elizabeth Lumley Global FinTech Commentator at Girl, Disrupted

WTF - Is every trader an island?

So we all woke up this morning to find that UBS was reporting a $2 billion loss due to a ...wait for it ... 'rogue trader'. Yes, mistakes happen. Yes, fraud, abuse and criminal activity happen. But young Kweku Adoboli, a 31-year old trader in UBS's London-based exchange traded funds business, is not sitting in police custody, currently, because he...

15 September 2011 /regulation