A majority of UK senior executives admit that they do not have procedures in place to properly manage operational and strategic risks, according to a new survey by Marsh. While 71 per cent of UK companies claimed increased competition was a significant risk to their business, just 41 per cent said they had a robust mitigation plan in place to deal with this risk. In Europe, increased competition was also seen as the most significant risk, however, 51 per cent of companies are taking actions to address this, noted the research. ‘A similar survey in 2002 showed UK companies to be ahead of the game in the application of risk management,’ said Chris Lay, Corporate Client Practice Leader for Europe & Middle East at Marsh. ‘These results therefore give cause for concern.’
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more