One of the things I like about my role is that I get to map exciting innovations and technology approaches to the Risk and Compliance practices. Be it VAR, Monte Carlo, Historical Simulation, Stress Testing, Back Testing, Actuarial modeling - All need...

It has been estimated that 55 percent of the cost of any compliance program is due to staffing and training 1 . Therefore, semi-automation or full automation of compliance processes can be a critical path to lowering overall compliance costs for large...

Earlier I had blogged about the pendulum shifting away from the light touch supervision mode to a much more prescriptive regulatory environment. The new stress testing guidelines in Europe seem to be good indication of the trend. With most stress testing...

New York State is currently considering the creation by 2011 of a new insurance exchange. It would be based in New York City and would be designed to complement the existing Lloyd’s of London insurance exchange for the placement of reinsurance and insurance...

Given the wave of innovation in technology, our team has been researching the impact of technology innovation on the risk analytics and compliance world. Based on many interesting conversations with Risk and Compliance Managers around the world, we see...