By Jenna Danko on Nov 11, 2014
In this post, Matthew Long, Financial Crime and Compliance Management Global Solution Lead for Oracle Financial Services Analytical Applications at Oracle, defines the practice of exiting customer relationships. This approach (and the term de-risking) is becoming increasingly more prevalent and has drawn recent criticism from regulators and institutions, such as FATF who have concerns over the impact of these actions. Instead of dropping high risk business, companies are instead being urged to improve their risk financial crime and compliance frameworks and reap the potential benefits.[Read More]
In this post, David Bomser, Senior Director for Banking Analytics at Oracle, discusses new CCAR exercises. For bank holding companies with more than $50 billion in assets, it’s time to get moving if you haven’t already. The Federal Reserve just released its scenarios and shocks for the 2015 Comprehensive Capital Analysis & Review (CCAR) exercise, and these banks’ capital plans are due on or before January 5, 2015. Read more here.
Join Bhargava, VP of Product Management for Oracle Financial Services Analytical Applications, as he reviews the five key questions that every bank should ask themselves when evaluating their organization's data governance policy. Isn't compliance on its own enough of a challenge? When it comes to BCBS 239, compliance by the January 2016 deadline presents a whole new hurdle for some banks and financial institutions to overcome. However, there are several approaches banks can take to alleviate the complexity of the situation. Read more from Bhargava S.
Last week, the Basel Committee on Banking Supervision issued a set of guidelines describing how banks should include the management of risks related to money laundering and financing of terrorism (AML/FT) within their overall risk management framework.
Join Matthew Long, Financial Crime, Operational Risk and Compliance Management Specialist for Oracle Financial Services, as he expands on these guidelines and outlines what organizations can to do manage AML/FT risks.[Read More]
Financial Services Institutions are taking a fresh look at their anti money laundering systems with an eye toward expanding automation, improving performance, standardizing processes, and improving transparency.
Join Don Ryu, Senior Director – Product Management for Oracle Financial Services Analytical Applications, as he discusses why financial institutions should improve their AML systems and how their investments will protect them in the future.
The combination of new banking regulations with an increasingly uncertain business environment, has led to the realization within the financial services industry that the disciplines of model risk management, liquidity risk management, and risk data aggregation are interrelated business obligations.
Join Subin Paul as he discusses the regulations and challenges financial institutions face today.
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