Tier-1 banks face implementations costs ranging from $60 million to $150 million over the next three years as they strive to meet the revised standards for minimum capital requirements for market risk set by the Basel Committee on Banking Supervision, according to a new report from market research firm Celent. “As firms execute implementation efforts… Read More >>
Banks Still Store Risk-Related Data in Silos: Study
Banks have been keeping risk-related data in silos for decades despite the fact that this has been a well-documented problem. A new study by risk management consultancy, InteDelta, and financial data management solutions provider, Asset Control, shows that in many cases the walls have not been broken down. The survey, which interviewed 13 banks between… Read More >>
