Authors: Michael Versace, Sean O'Dowd

Insights Presentation
March, 2011  -  Doc # FIN227368
Number of Pages: 17

It goes without saying that the business environments affecting all organizations are loaded with numerous, complex risks. There is also overwhelming consensus from the executives we speak with at IDC that the riskiness of the current business environment is changing financial services as evidenced by the performance, growth and reputation challenges caused by failures in risk management and by the recent global economic downturn.

This leads to the question of why risk management has failed the financial industry. While there are far too many reasons to cover in this presentation, suffice it to say that failures are due more to human activity and inactivity, rather than the failures in complex risk models or technologies. For several years now, we've advocated a view of risk at an enterprise level. Even today however, although most speak about increased attention to ERM (even at Board levels) few firms have demonstrated the organizational prowess and human fortitude to put in place the policies, technologies, and processes to fulfill the promise of ERM.

Risk failures have forced everyone to rethink how they handle re-regulation, how their staff reacts to them and what tools to leverage to minimize exposure and for some strategic firms, to seek opportunities. On the opportunities side, as credit markets begin to thaw and business grow gears back up, CFO's are beginning to look for improved liquidity risk solution to fund their business plans. We see this as renewed business opportunities innovative risk thinkers in banking. Don't miss this opportunity,

This presentation will explore:

• What the regulatory and compliance landscape is (brief view, and what CROs are saying)
• How data modeling and analytic can really helping firms
• Some architectural framework components of how to think about analytics and some criteria when thinking about solutions and looking forward