Aspen Insurance Holdings has gone live with FRSGlobal’s RiskResolve solution for operational risk management (ORM). The solution is complementary to the company’s regulatory reporting framework, FinancialAnalytics. The company claims that it allows managers to create a framework that evaluates potential expected and unexpected losses that can be included in a risk capital calculation. This reflects the demand by regulated financial companies, in addition to banks, to increase ORM and incorporate operational risk statistics into regulatory reporting alongside market and credit figures. The overall objective for Aspen’s group risk management team was to add value to the business by providing one overall framework incorporating the company’s various risk management requirements, with widely shared responsibilities.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.