On Christmas Eve, the CFTC is bringing good tidings to those clients left in the lurch by the bankruptcy of MF Global Holdings Ltd. (MFGH). The regulator via the federal court in New York is ordering MFGH to pay $1.212 billion in restitution for the unlawful use of customer funds and to pay a $100… Read More >>
Wolters Kluwer Financial Services Adds ERM Expert
Wolters Kluwer Financial Services reports that Pamela Govostes has joined the company as an enterprise risk management (ERM) consultant. Govostes will “advise clients on risk management strategies and provide risk management consulting services on large-scale OneSumX GRC implementations,” according to a WKFS statement, referring to the company’s solution for managing governance, risk and compliance. She… Read More >>
Wolters Kluwer Gathers GRFC Tools Under OneSumX
Wolters Kluwer Financial Services has launched OneSumX, a governance, finance, risk and compliance (GFRC) tool that the company calls an “ecosystem of GFRC solutions and services [that] will enable financial organizations to create their own, specific GFRC vision.” OneSumX replaces many of Wolters Kluwer’s current solutions and brands, including ARC Logics, BankReg, Financial Studio, Summix,… Read More >>
Aite Reports on GRC Tools Market
Securities firms have to impress upon employees the necessity of good governance, risk, and compliance tools that can help restore trust among clients, according to a new report from market research firm Aite Group. However, firms will have to find GRC support systems in a highly fragmented market, researchers say. “To meet regulatory obligations and… Read More >>
