Banks seek a single op risk software solution

Victoria Tozer-Pennington
31 Jan 2011

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The rapid pace of regulatory change around the world is creating a compliance headache for financial institutions. The global financial crisis demonstrated to the world that banks did not have an integrated view of their risk profile, and the US stress tests conducted in 2009 revealed how difficult it is for firms to access data in various business lines due to the siloed nature of their organisations and, in some cases, their inadequate systems.

“Firms have realised their existing systems aren

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