Over the recent years, the financial community has increasingly recognized that climate change represents a source of financial risk. Since the Lehman Brothers’ crisis, financial institutions have reviewed their risks analysis methodologies and metrics. Driven by regulatory requirements, banks and insurance companies have focused their efforts on measuring and limiting credit/ liquidity/ market/ reputation risks…. Lire la suite
POSTS TAGGED : Insurance
Need to address regulatory emergency? Compliance needs to re-think itself
Under the oppressing regulatory overburdens, Compliance has become a strategic function attracting banks management’s full attention Non-compliance risk is defined as the risk of not complying with regulatory obligations applying to banking and financial activities including the prevention of money laundering, terrorism financing and relating to professional and ethics norms. Non-compliance risks takes the form… Lire la suite