I have been following emerging risk management regulations in the insurance industry with great interest. The two major Insurance Risk and Prudential regulations on the horizon with global impact are: 1. Solvency II in Europe 2. US Insurance Solvency Framework Both regulations cater to...

Recently there are some interesting compliance related developments from two self regulatory bodies, that have issue guidance on social networking compliance. With the increasingly popular adoption of social networking sites such as Facebook, Twitter, LinkedIn for business and personal communications...

I was fortunate enough to have short work stints in Australia (both Sydney and Melbourne), a beautiful country with its free spirited fun loving sporty population. I continue to be amazed at the sophistication and depth of their financial markets. There is also a lot of cross pollination of global...

Whilst there is a lot of focus on banking, the insurance sector is also witnessing a wave of regulatory changes specially around cross-border exposures. So I did some quick research on the world of insurance supervision. Devoid of dramatics, the Basel, Switzerland based IAIS (International Association...

Risk & Compliance Managers, Private Equity (PE) firms, Hedge Funds, Credits firms and Consumers, in the USA and global financial markets are going to remember this week for a long time to come due to the epic changes in the financial regulation and supervision. The latest US proposal on financial...

Approximately 68% of an enterprise’s corporate data is managed in IT Department-controlled applications and 32% is stored in key Microsoft Excel spreadsheets(1), Microsoft Access and other databases(2) , business intelligence tools (e.g., reporting tools), Microsoft Word and other forms of documents...

Regulatory compliance is being driven in some instances by technology innovation. As an example over the years the records management and retention policies have evolved rapidly to keep pace with technology. I am sure you see similar interesting trends in your part of the world. Let me give a few cases...

Today’s increasingly complex business landscape is matched by an increasingly challenging governance, risk management and compliance (GRC) lan dscape. U.S. multi-national companies are faced with a bewildering array of international, U.S. federal and state regulations, depending on the nature of the...

Hello and a warm welcome from the Microsoft Worldwide Financial Services Team. In this blog Jeff and I will share our perspectives on the current and future state of governance, risk management and compliance initiatives around the world and the enhanced role of information technology as enablers of...