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Microsoft's Perspective on Risk & Compliance

Reflections about Governance, Risk Management & Compliance (GRC)

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  • Blog Post: Emerging GRC patterns around Cloud

    With Microsoft making a big bet on its Azure Cloud based services, the impact and implications for Governance, Risk & Compliance (GRC) space makes for a very interesting case. I will share some interesting industry patterns around GRC on an ongoing basis as i come across them. Today i start off with...
  • Blog Post: Sai Sireesh: Key Findings - Future State of Risk 2010 Survey

    In my previous blog, I broadly covered the release of the “Future State of Risk 2010” survey which was commissioned jointly by PRMIA.org and Microsoft. In addition, I briefly covered the summary in a webinar last week to over 120 professionals. The webinar was well received and followed by...
  • Blog Post: Sai Sireesh: Top Six Basel III Design Elements

    Let’s start learning LR, LCR, NSFR, Capital Surcharge, Gone Concern! A mouthful isn’t it? Well, Basel III is coming our way sooner than expected! The much awaited (do I hear a groan?!) Basel III regulation is getting its final touches. The Group of Governors and Heads of Supervision...
  • Blog Post: Sai Sireesh: Journey to Regulatory Vision 2020 - Prescriptive Enforcement

    The continued wave of Systemic Risks in Greece and now increasingly Spain, the environmental disaster threaten to shatter the relative financial and economic calm in the business world. Amidst this many countries are undergoing some major changes in the regulatory landscape as a result of the events...
  • Blog Post: Sai Sireesh - Regulatory Vision 2020 - Top 10 list

    I am a keen follower of the Australian regulator APRA that in my mind certainly ranks amongst the thought leaders in regulatory thinking. APRA has been at the forefront of many new regulatory concepts and pro-active adoption. Its current focus is on 3 major areas - Financial stability and systemic risk...
  • Blog Post: Jeff Jinnett: Towards a Structured GRC Taxonomy

    Although governance, risk management and compliance laws and regulations may vary greatly depending on the jurisdiction, issuing authority, regulator and target industry, there appear to be certain common GRC issues that can be used to group mandates into categories. For example, the following nine GRC...
  • Blog Post: Sai Sireesh: Business Analytics at the Speed of Thought: The Next Game Changer!

    I always look forward to interactions with Finance/Risk Microsoft Excel power users. Most times it’s a humbling experience as I come away learning something new about how innovatively they have stretched the capabilities of Excel. One of my earlier blogs speaks about the importance of self-serve in...
  • Blog Post: Pioneering Risk Computing in the Windows Azure Cloud! - insight from Sai Sireesh

    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 huge computing power. A key problem being that...
  • Blog Post: Future of Stress Testing - UK FSA and EU CEBS lead the way! - thoughts from Sai Sireesh

    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 models failing to reflect the current crisis...
  • Blog Post: Failure to Upgrade Software Systems as a Potential Regulatory Risk - thoughts from Jeff Jinnett

    In the current highly regulated, but intensively competitive banking environment, many banks are upgrading to the latest versions of third party operational software in order to be able to take advantage of new features, such as multi-touch capability. Conversely, other banks may seek to reduce costs...
  • Blog Post: Analysis using "Pivot" - a preview by Jeff Jinnett

    Microsoft Live Labs recently introduced a private access beta version of the “Pivot” tool leveraging Windows 7, the Internet Explorer rendering engine and Silverlight. Access to the Pivot tool can be requested at http://getpivot.com . Pivot is a multimedia search tool that is designed to create very...
  • Blog Post: Sai Sireesh: Australian secret sauce for managing risk sprinkled with APRA’s Meta Regulation!

    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...
  • Blog Post: Susan Hauser, VP of Microsoft Financial Services, on New Challenges in Risk Management and Compliance

    As the global economic crisis rumbles on, financial firms of all kinds anticipate an overhaul of risk management and regulatory frameworks. I asked Microsoft’s global head of Financial Services, Susan Hauser, for her views: Sai: Susan, as the global head of Microsoft Financial Services, what has the...
  • Blog Post: Jeff Jinnett: The Catch-22 of Record Retention

    At the heart of the record retention challenge is the difficult question as to what types of documents to maintain for compliance purposes and how long to maintain them. In certain cases, applicable laws and regulations specify the types of documents to retain and the length of time to retain them. For...
  • Blog Post: Jeff Jinnett: Value of an IT Security Due Diligence Document/Risk Mitigation Plan

    If a company were ever asked to describe its IT security program, the company likely would have to bring in numerous staffers from the IT department and refer to reams of documents to present a full picture of the company’s IT security approach. The need to be able to describe the company’s IT security...
  • Blog Post: Sai Sireesh: Insurance Supervision - The Future

    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...
  • Blog Post: Jeff Jinnett: Proposed Financial Services Regulatory Reforms (Part II): Possible Business and IT Impacts

    In our last blog posting, we summarized the Obama administration’s proposed financial services industry regulatory reforms, as set forth in its “New Foundation” white paper [1] . The following are some of the possible business impacts of the changes, if enacted into law: For hedge funds and...
  • Blog Post: Sai Sireesh: Regulatory Oversight & Risk Management of the Future

    Year 2008 was a humbling and significant event for the Investment Banking and Risk Management professions. Many epitaphs will be written for legendary institutions that disappeared overnight and will be spoken about for decades to come in terms of the crunching global impact and the associated learnings...
  • Blog Post: Sai Sireesh: 7 Pillars of US Financial Regulatory Reform Blueprint

    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...
  • Blog Post: Jeff Jinnett: The Problem with Unmanaged End User Computing Applications

    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...
  • Blog Post: Sai Sireesh: What is New in Your Risk and Compliance Journey?

    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...
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