http://www.compliancehome.com/ ComplianceHome is one of the Web's largest library of resources for compliance management of HIPAA, SOX, FISMA, PCI, GLBA, FDA, Basel II, OSHA and ISO 27002/17799. Visit our directories which are the best source on White papers, related news articles, resources on the web, training, webinars, conferences, rules & regulation overview, ask the expert, job and search on vendors, solutions & products. http://www.compliancehome.com/images/rsslogo.gif http://www.compliancehome.com/ en-us Tue, 23 Jun 2009 00:00:00 CST http://www.compliancehome.com/news/Basel-II/15774.html A leader in governance, risk, and compliance (GRC) software solutions, MEGA, has incorporated a powerful mathematical tool to measure risk exposure into its MEGA GRC Suite, making it the first time such a capability has become part of a comprehensive GRC solution. The MEGA GRC Suite will include an expanded risk quantification and analytics component based on Bayesian scenario calculation, a proven, but advanced means to produce the complex operational risk models that experts agree are the best way to measure risk exposure and aid in decision making. http://www.compliancehome.com/news/Basel-II/15774.html Mon, 15 Jun 2009 00:00:00 CST http://www.compliancehome.com/news/Basel-II/15726.html A leading provider of risk solutions for banks, financial institutions and corporates, CRISIL Risk Solutions, announced that it has signed an agreement with IDBI Bank Limited, to help it meet the Advanced Basel II approaches. CRISIL Risk Solutions is a division of CRISIL Risk & Infrastructure Solutions Ltd., a 100 per cent subsidiary of CRISIL Limited. http://www.compliancehome.com/news/Basel-II/15726.html Thu, 04 Jun 2009 00:00:00 CST http://www.compliancehome.com/news/Basel-II/15684.html The addition of John Wiley and Sons Ltd's new report Operational Risk Toward Basel III: Best Practices and Issues in Modeling, Management, and Regulation to their offering has been announced by Research and Markets.This book consists of chapters by contributors (well-known professors, practitioners, and consultants from large and well respected money management firms within this area) offering the latest research in the OpRisk area. The chapters highlight how operational risk helps firms survive and prosper by giving readers the latest, cutting-edge techniques in OpRisk management. Topics discussed include: Basel Accord II, getting ready for the New Basel III, Extreme Value Theory, the new capital requirements and regulations in the banking sector in relation to financial reporting (including developing concepts such as OpRisk Insurance which wasn't a part of the Basel II framework). The book further discusses quantitative and qualitative aspects of OpRisk, as well as fraud and applica http://www.compliancehome.com/news/Basel-II/15684.html Wed, 27 May 2009 00:00:00 CST http://www.compliancehome.com/news/Basel-II/15627.html An evolution of risk management programs within the financial services industry has been fueled by compliance with Basel II regulation. Union Bank, N.A., has selected SAS, the leader in business analytics software and services, to help manage risk more efficiently and profitably. When Union Bank needed to comply with Basel II, the organization determined that SAS Credit Scoring for Banking could help generate, deploy, validate and monitor critical risk models in an integrated, auditable and flexible platform. http://www.compliancehome.com/news/Basel-II/15627.html Mon, 25 May 2009 00:00:00 CST http://www.compliancehome.com/news/Basel-II/15612.html At the annual meeting of the Fitch Academic Advisory Board in London a broad range of topics were brought into consideration by the participants. Financial contagion, the future of securitisation and the challenges faced by Basel II were some of the main discussion points for the Board, which includes a select group of prominent academicians in various areas of economics and finance, from a diverse group of universities and organizations. http://www.compliancehome.com/news/Basel-II/15612.html Fri, 22 May 2009 00:00:00 CST http://www.compliancehome.com/news/Basel-II/15608.html The leading provider of IT GRC solutions added in its Risk Manager softwares new features that can leverage risk management strategies to optimize business performance http://www.compliancehome.com/news/Basel-II/15608.html Tue, 19 May 2009 00:00:00 CST http://www.compliancehome.com/news/Basel-II/15578.html The sole worldwide provider of risk and regulatory compliance solutions on a unified platform with coverage for over 30 countries, FRSGlobal, announced that it is preparing to work with the hedge fund industry to help it comply with the new wave of global regulations expected to be in place later this year. Compliance experts within FRSGlobal's Centre of Risk & Regulatory Excellence (CoR2E) are actively monitoring the discussions taking place at the various U.S. regulatory agencies and are ready to advise hedge funds on the best ways to automate their reporting processes as soon as any new legislation is enacted. http://www.compliancehome.com/news/Basel-II/15578.html Fri, 08 May 2009 00:00:00 CST http://www.compliancehome.com/news/Basel-II/15504.html The leading banks in Mexico has selected SunGard to help manage their operational risk. SunGard's Ambit Risk & Performance has been chosen by the banks to help identify, quantify and manage operational risk as well as compliance with Basel II regulatory requirementsThe banks that have selected Ambit include: Invex Servicios Corporativos, S.A. DE C.V. Invex Grupo Financiero; Banco Regional de Monterrey, S.A. Institucin de Banca Mltiple, Banregio Grupo Financiero; Banco Monex, S.A. Institucin de Banca Mltiple, Monex Grupo Financiero; Banco Autofin Mexico, S.A. Institucin de Banca Mltiple and Banco ve por Mas, S.A. http://www.compliancehome.com/news/Basel-II/15504.html Tue, 21 Apr 2009 00:00:00 CST http://www.compliancehome.com/news/Basel-II/15341.html The issue of concentration risk in a report that comments on recent Basel II proposals responding to the financial crisis is explored by Fitch Ratings . While the overall proposals provide meaningful enhancements that will further strengthen the effectiveness and rigor of the Basel II capital framework, Fitch's analysis indicates that specific aspects could have unintended effects on the risk-sensitivity of capital requirements for structured finance exposures. Fitch notes potential overlap between Fitch's tightened SF CDO rating criteria and proposed increases in Basel II risk-weights on 're-securitization' exposures held by banks, which could result in the 'double-counting' of risks within SF CDO capital charges. http://www.compliancehome.com/news/Basel-II/15341.html Wed, 08 Apr 2009 00:00:00 CST http://www.compliancehome.com/news/Basel-II/15246.html The leading provider of Firewall Operations and Security Risk Management solutions, AlgoSec, announced that it has developed a solution to help in compliance with Basel II. The audit-ready Basel II report further bolsters AlgoSec's regulation and compliance solutions http://www.compliancehome.com/news/Basel-II/15246.html Mon, 06 Apr 2009 00:00:00 CST http://www.compliancehome.com/news/Basel-II/15216.html The contracts for two related projects on the Basel II Framework for the Cayman Islands Monetary Authority (CIMA) and renewed the public relations contract for the Portfolio of Finance and Economics are awarded by the Central Tenders Committee (CTC).CTC stated that the first in the sum of US$965,000 was awarded to Decisionsoft Ltd (UK) for the provision of Basel II Electronic Data Reporting, with the mandate of providing a mechanism to collect Basel II regulatory data from CIMA regulated banks via electronic submission. This project, upon completion, will facilitate effective supervision and monitoring of banks by CIMA and will produce an evaluation report based on the data collected. http://www.compliancehome.com/news/Basel-II/15216.html Mon, 30 Mar 2009 00:00:00 CST http://www.compliancehome.com/news/Basel-II/15169.html The Human Resources department of the Khaleeji Commercial Bank in coordination with the Risk and Credit Management Department conducted a training program over a period of three days from the 26th of February 2009. The purpose of arranging the training was to equip all of the Banks employees with the knowledge and skills to actively manage the Banks risk and to comply with the requirements of the Central Bank of Bahrain regarding Basel II, which is the internationally accepted framework for the assessment and management of risk in banks. This framework is applicable to all banks in Bahrain with effect from January 2008. This workshop was held as a step forward in developing the Khaleeji Commercial Banks staff and delivering the best and most secure and compliant products. http://www.compliancehome.com/news/Basel-II/15169.html Sat, 28 Mar 2009 00:00:00 CST http://www.compliancehome.com/news/Basel-II/15157.html As U.K. banks worry that the Financial Services Authoritys latest regulatory proposal could spoil overall competitiveness, forward-thinking financial institutions can turn regulatory compliance into an opportunity to build a competitive advantage, according to Diamond Management & Technology Consultants Limited. From one corner to the other of globe, many financial services firms will simply maintain their footing by implementing the bare minimum FSA, U.S. Federal Reserve, and Securities and Exchange Commission liquidity risk management requirements. But as Diamond says in its new report, Gaining a Competitive Advantage Through Advanced Liquidity Risk Management, these firms will likely struggle again during future financial disorder, and those that have been proactive will gain an edge and benefit from wider access to cheaper funding pools, increases in credit ratings, and reputational rewards. http://www.compliancehome.com/news/Basel-II/15157.html Tue, 24 Mar 2009 00:00:00 CST http://www.compliancehome.com/news/Basel-II/15122.html The leading provider of critical information exchange solutions, INTRALINKS announced its tenth consecutive year of SAS 70 Type II certification. A key component of IntraLinks comprehensive security is the internationally recognized auditing standard for business processes and information technology For more than a decade, IntraLinks has delivered the highest level of protection for client data through strict standards that govern the companys technology, process and personnel. At the infrastructure level, IntraLinks ensures reliability through real-time replication across data centers and geographically redundant servers. http://www.compliancehome.com/news/Basel-II/15122.html Tue, 24 Mar 2009 00:00:00 CST http://www.compliancehome.com/news/Basel-II/15109.html Incisive Medias OpRisk & Compliance, the financial services industrys leading governance, operational risk and compliance publication, has issued 10 awards for initiatives and organizations for their noteworthy contributions over the past decade to the discipline of operational risk management. RiskBusiness as one of two outstanding solution providers, received the award.Editor Ellen Davis, in its March issue (Volume 10, number 3), stressed on explaining the rationale for the awards: We wanted to mark our 10th anniversary by celebrating the achievements of the operational risk industry. Amid the current financial and economic turmoil, it now seems more appropriate than ever to look back over how this discipline has evolved and changed over the past decade. The 10 awards were given to organizations and initiatives that have consistently contributed to the development of the discipline over this period. It was rather difficult to work this down to just 10 - so many people, firms and http://www.compliancehome.com/news/Basel-II/15109.html Wed, 18 Mar 2009 00:00:00 CST http://www.compliancehome.com/news/Basel-II/15066.html India in no time become the member of Basel Committee on banking supervision and the Financial Stability Forum, set up by G-7 countries. At a meeting held on March 10-11, the decision to include India in the the Basel Committee was taken The Committee expanded its membership to many other countries, the Reserve Bank said in a statement issued here. http://www.compliancehome.com/news/Basel-II/15066.html Tue, 03 Mar 2009 00:00:00 CST http://www.compliancehome.com/news/Basel-II/14949.html Algorithmics, provider of risk solutions, announced that Pacific Life, a prominent US-based provider of life insurance, annuity and investment products, has selected its market risk and economic capital solutions. Pacific Life will use Algorithmics market risk system, Algo Risk, for managing the market risk of its asset portfolio and will use Algorithmics portfolio replication and optimization capabilities to calculate enterprise-wide economic capital across its asset and liability portfolios. http://www.compliancehome.com/news/Basel-II/14949.html Wed, 25 Feb 2009 00:00:00 CST http://www.compliancehome.com/news/Basel-II/14901.html A perfect global storm threatens to engulf firewalls, routers and switches. The storm is fueled by a rising tide of configuration and rule changes driven by compliance regulations, mergers and acquisitions, layoffs, budget cuts, and security threats. Findings from a survey by Secure Passage and a University of Illinois study validate the storm's existence. In the survey, 73 percent of respondents considered firewall rule bases to be either too complex or out of control. The University of Illinois study concluded that attempting to manage firewalls configured with as many as 50,000 rules is becoming mission impossible even for guru network administrators. http://www.compliancehome.com/news/Basel-II/14901.html Wed, 25 Feb 2009 00:00:00 CST http://www.compliancehome.com/news/Basel-II/14900.html VMware announced VMware vShield Zones, a new security virtual appliance for the virtual datacenter operating system (VDC-OS) that will enable strict compliance with security policies and industry regulations for user data as customers adopt cloud computing with virtual environments for increased efficiency and flexibility. Previously, compliance required diverting network traffic to external physical appliances, resulting in disconnected islands of infrastructure.With VMware vShield Zones, customers will be able to create logical zones in the virtual datacenter that span all of the shared physical resources, with each zone representing a distinct level of trust and confidentiality. This will allow businesses to comply with corporate security policies and regulations on data privacy while still running applications efficiently on shared computing resource pools. http://www.compliancehome.com/news/Basel-II/14900.html Wed, 18 Feb 2009 00:00:00 CST http://www.compliancehome.com/news/Basel-II/14821.html LogLogic, the log management leader, today announced a new suite of intelligent log-powered applications providing the industrys first integrated solution for compliance management, security event management (SEM) and database activity monitoring (DAM). Powered by the markets leading open log management platform, LogLogic automates the most challenging security and compliance processes by efficiently re-using the log data that organizations of all sizes already collect and archive. Log management and SIEM are not one in the same but both are equally important to corporate regulatory compliance and strong security protection, said Jon Oltsik, Principal Analyst at the Enterprise Strategy Group. With this announcement, LogLogic adds a strong SIEM platform to its leading log management offering. This makes LogLogic a great one-stop-shop whether organizations need log management, security management, compliance auditing, or all three. http://www.compliancehome.com/news/Basel-II/14821.html Fri, 13 Feb 2009 00:00:00 CST http://www.compliancehome.com/news/Basel-II/14759.html The increasingly complex investment management environment and the current financial crisis have shown that improved risk management is crucial for financial institutions to stay competitive in ever-changing markets. Releasing the new version of its product SimCorp Dimension, the worlds most advanced software solution for the investment management industry, SimCorp responds to this challenge in its continued effort to enable clients to mitigate risk, reduce costs and enable growth. http://www.compliancehome.com/news/Basel-II/14759.html Wed, 11 Feb 2009 00:00:00 CST http://www.compliancehome.com/news/Basel-II/14735.html Dialogic Corporation, provider of world-class products and technologies for media and signal processing, today announced that Global Crossing, a leading global IP solutions provider, has certified the Dialogic Brooktrout SR140 Fax Software as successfully interoperating with Global Crossing's SIP Trunking service. SR140 Fax Software provides Fax over IP (FoIP) capabilities for integrating fax servers and fax document management solutions with VoIP networks. The SR140 can be deployed in SIP, H.323, and MGCP environments and provides native SIP and H.323 support. It has been successfully tested for interoperability with IP-PBX and VoIP gateways from leading vendors, and is suitable for a variety of network-based fax applications that enable integration with document management and business process automation systems to support compliance with regulations such as Sarbanes-Oxley, HIPAA, and Basel II. Dialogic products give the enterprise customer the flexibility to deploy FoIP in the IP en http://www.compliancehome.com/news/Basel-II/14735.html Tue, 10 Feb 2009 00:00:00 CST http://www.compliancehome.com/news/Basel-II/14724.html Oracle Reveleus ICAAP Analytics and Oracle Reveleus ICAAP Assessments combine to help form the cornerstone of an integrated solution that enables financial institutions to identify, measure and manage risk and capital across the entire organization. Addressing all major components of ICAAP including risk assessment, risk monitoring, modeling, stress testing, risk aggregation and allocation as well as regulatory reporting, the solutions are an integral addition to the Enterprise Risk Management offering which includes Oracle Reveleus -- Basel II , Market Risk, Operational Risk Economic Capital, Economic Capital Advanced and Asset Liability Management. http://www.compliancehome.com/news/Basel-II/14724.html Sun, 01 Feb 2009 00:00:00 CST http://www.compliancehome.com/news/Basel-II/14630.html Further delivering on its commitment to provide software solutions enabling companies to improve Governance, Risk and Compliance (GRC), MetricStream announced the launch of a new release of its industry-leading Internal Audit Management solution. In response to the financial crisis of 2008, there is a widespread call for greater board (BoD) accountability and transparency in regard to which risks the board accepts and how the risks are being managed. The role of the Chief Audit Executive (CAE) and the Internal Audit function is emerging as pivotal as it supports the BoD and its committees by independently assessing the effectiveness of companies' system of internal controls and compliance with statutory, legal and regulatory requirements. http://www.compliancehome.com/news/Basel-II/14630.html Wed, 28 Jan 2009 00:00:00 CST http://www.compliancehome.com/news/Basel-II/14615.html INDUS Corporation (INDUS), a leading Federal Information Technology (IT) solutions provider, announced oday that it is working as a significant subcontractor to COACT Inc. in the performance of a security task order from the Department of Treasury, Office of the Comptroller of the Currency (OCC). Under this single-award task order, INDUS is providing IT Security and FISMA compliance support across OCC. The task order has an estimated total value of $4.3 million over four years. This task order represents the continued commitment INDUS has made to supporting small and emerging businesses within the Federal marketplace, said Shiv Krishnan, INDUS Chairman & Chief Executive Officer. We have worked strongly with COACT to provide IT Security and FISMA compliance support in other Federal agencies and are excited to have the opportunity to expand that support to the OCC. The Federal Information Security Management Act of 2002 (FISMA) imposes a set of processes that must be followed for all inf http://www.compliancehome.com/news/Basel-II/14615.html Wed, 21 Jan 2009 00:00:00 CST http://www.compliancehome.com/news/Basel-II/14570.html Algorithmics has announced that, after an extensive selection process, involving a number of risk system vendors, Banque Centrale Populaire (BCP), one of the largest banks in North Africa, has selected Algorithmics software as the basis of its enterprise-wide risk management platform. BCP chose Algorithmics integrated solution platform for market risk, asset liability management, credit limits, exposure management, Basel II regulatory capital calculation and regulatory reporting as the banks group-wide strategic risk management platform. http://www.compliancehome.com/news/Basel-II/14570.html Thu, 08 Jan 2009 00:00:00 CST http://www.compliancehome.com/news/Basel-II/14409.html e-DMZ Security, provider of Privileged Access Control Solutions, announced that it has signed a world-wide purchase agreement for the global deployment of Password Auto Repository (PAR) with another top 10 bank. This win extends PAR deployment to now include 5 of Forbes 2008 top 7 ranked banks. This win once again validates that for shared account password management, our Password Auto Repository continues to be the product of choice for many of the worlds largest enterprises, said Martin Ryan, Vice President of Sales at e-DMZ Security. We continue to have a very high win percentage when opportunities are competitive as was the case in this win. When companies take the time to evaluate PAR against other solutions, they realize PAR is not only more cost effective, it has proven scalability and is able to extend beyond privileged password management to include privileged session management, control and recording. http://www.compliancehome.com/news/Basel-II/14409.html Thu, 08 Jan 2009 00:00:00 CST http://www.compliancehome.com/news/Basel-II/14405.html Laru, a provider of ACH risk and compliance management software applications for financial institutions, announced it introduced new versions of its ACH Clarity and ACH FileFox Standard products during 2008, to assist financial institutions in monitoring the growing volume and complexity of ACH transactions. ACH Clarity provides an enterprise system for identifying, resolving and preventing ACH fraud and compliance issues. The software supports the needs of both originating depository financial institutions (ODFIs) and receiving depository financial institutions (RDFIs). For RDFIs, Clarity provides the means to identify high risk originating banks and the source of the offending transactions. The system can save financial institutions time needed to research customer service issues created from fraudulent ACH transactions or network violations. http://www.compliancehome.com/news/Basel-II/14405.html Tue, 06 Jan 2009 00:00:00 CST http://www.compliancehome.com/news/Basel-II/14376.html FRSGlobal, provider of risk and regulatory compliance solutions with coverage for over 30 countries, today announced that it has released a validation and audit platform for the advanced approach to Basel II. FRSGlobal has taken the Federal Financial Institutions Examination Council (FFIEC) 101 templates and mapped them to their data integration platform to provide an automated advanced approach to Basel II reporting solution. http://www.compliancehome.com/news/Basel-II/14376.html Mon, 15 Dec 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/14147.html The commentary below is authored by Darrell Duffie, the Dean Witter Distinguished Professor of Finance at the Stanford Graduate School of Business, based on his testimony before the U.S. Senate Committee on Banking, Housing, and Urban Affairs, on Reducing Risks and Improving Oversight in the OTC Credit Derivatives Market, July 14, 2008. It appears in the current edition of Stanford Knowledgebase, the free monthly information source for thoughts, ideas and research at the Stanford Graduate School of Business. http://www.compliancehome.com/news/Basel-II/14147.html Tue, 09 Dec 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/14070.html NetWrix Corporation, a provider of systems management and compliance solutions for Active Directory and virtualization environments, today announced Version 2.0 of its Change Reporter for VMware Infrastructure 3. Version 2.0 features regulatory compliance as well as complete support for major compliance regulations in the industry, including SOX, HIPPA, GLBA and FISMA. This expanded capacity marks the first time that any software in its class has been able to attain such a threshold in regulatory compliance standards for VMware environments, which further solidifies NetWrix's expanding role in the surging systems management and compliance arena. http://www.compliancehome.com/news/Basel-II/14070.html Tue, 02 Dec 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/13990.html FRSGlobal, provider of risk and regulatory compliance solutions on a unified platform with coverage for over 30 countries, today announced that it has been selected by Manulife Bank in order to meet Canadian Statutory reporting (SRDM) and Canadian Basel II Standardised reporting (BCAR) requirements. FRSGlobal was selected due to its proven ability to deliver reporting tools and solutions that will help Manulife Bank save valuable time and resources by automating their Basel II Capital Adequacy Reporting principles. http://www.compliancehome.com/news/Basel-II/13990.html Mon, 24 Nov 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/13954.html Qosmos, the industry leader in network information extraction, and I-Tracing, a major IT consulting and engineering company specialized in data traceability, have joined forces to protect access to telecom operators' sensitive data. Qosmos and I-Tracing's joint Data Theft Prevention solution enables telecom operators' information security, regulatory compliance and anti-fraud departments to collect, analyze and store database access records in real time, and generate reliable reports and alerts for effective protection of sensitive subscriber data. The ready-to-use solution combines Qosmos' ixMachine range of network-based information extraction appliances with I-Tracing's information processing and management applications. http://www.compliancehome.com/news/Basel-II/13954.html Thu, 20 Nov 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/13934.html Tideway, one of the fastest growing providers of IT automation software, announced that Avis Europe has selected Tideway Foundation to enhance change control and validation in its distributed data center environment. The implementation will help Avis meet audit and compliance requirements, provide decision support and reduce the risk of service outages due to unplanned or improperly implemented changes.Foundation will provide Avis with detailed and continuous information on what changed in their infrastructure, allowing them to reconcile and drill down on specific changes, identify unauthorized activity and confirm all changes follow the appropriate change management process. Foundation's new user-defined, shared dashboards will provide a fast, rolled-up view of changes in Avis' IT environment. http://www.compliancehome.com/news/Basel-II/13934.html Sun, 16 Nov 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/13903.html Innovation Software Consultants has launched 'Tracesoft' - a quality management tool to meet the demands of British Retail Consortium (BRC) Global Standards for those supplying major retailers. The Global Standards represent 'best practice' for food, non-food and packaging materials suppliers, explained Innovation Software Consultants', Stephen Mumby. It is a gauge against which manufacturers of not just retail brand/own brand products but also branded products, are evaluated - so is critical for these organisations. http://www.compliancehome.com/news/Basel-II/13903.html Sun, 16 Nov 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/13901.html Barracuda Networks provider of email and Web security appliances, released a new study that examines the adoption of message archiving solutions within a cross-section of organizations in North America. Collected from the responses of 200 IT professionals in North America, the survey found that an overwhelming majority, nearly 82 percent, view email archiving as important or very important for their organization. Further, more than two-thirds of respondents cited reasons other than compliance as their main consideration for implementing an email archiving solution. Respondents cited reasons such as user access to archived email (21 percent), email retention is considered a best practice (15 percent) and providing access to old email when storage quotas are in effect (15 percent), as the most important reasons for archiving email. http://www.compliancehome.com/news/Basel-II/13901.html Wed, 12 Nov 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/13875.html Brabeion Software, a market proven provider of IT Governance, Risk and Compliance (IT GRC) Management software, today released an executive brief aimed at supporting enterprise cost cutting initiatives, while meeting increasing regulatory demands. Faced with the 2008 financial crisis, companies are being forced to reduce costs while preparing for an impending increase in regulatory demands. As such, organizations must improve the operational efficiency of their risk and compliance initiatives while providing a scalable framework on which to build and run their risk and compliance program. http://www.compliancehome.com/news/Basel-II/13875.html Mon, 03 Nov 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/13814.html The sheer volume of regulations and complexity of the international regulatory environment have made the management of regulatory risk one of the most pressing concerns for global businesses ahead of natural disasters, terrorism and other operating risks, according to a new global survey of senior executives conducted by the Economist Intelligence Unit (EIU) and co-sponsored by The ACE Group of Companies. According to ACE, the impact of the world-wide credit crisis is expected to have a further impact with new and more stringent regulation for those organisations in the financial services sectors. http://www.compliancehome.com/news/Basel-II/13814.html Mon, 03 Nov 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/13811.html Orange County Improves Security; Reduces Costs with Secure Computing End-to-end security solution saves taxpayers more than $42,000 per day http://www.compliancehome.com/news/Basel-II/13811.html Mon, 03 Nov 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/13809.html First National Bank of Gilmer, serving Gilmer, Texas, today announced that it has chosen Secure Identity Systems to provide New Account Authentication and Change of Address Verification for all consumer accounts. These are two of the critical requirements for Red Flag compliance requiring all banks and financial institutions to formally address the risks of identity theft, and develop and implement identity theft protection procedures to mitigate those risks. Secure Identity Systems' New Account Authentication will help First National Bank of Gilmer take authentication beyond the standard two forms of ID. When a customer attempts to open a new account, SIS's solution instantly consults a series of databases, including the Social Security Administration, credit bureaus, and local property databases, for the most accurate and current information to authenticate the identity of the new account holder. SIS also provides USA Patriot Act compliance, checking customer ID information against O http://www.compliancehome.com/news/Basel-II/13809.html Thu, 30 Oct 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/13785.html Security Providers Join Forces to Deliver Consolidated Solution to Meet Latest IBTRM Requirements Tata Communications, a leading provider of the new world of communications, announced the launch of the first Security Compliance Consortium to simplify the process of meeting compliance needs for the banking and finance sector. This initiative follows the new Internet Banking and Technology Risk Management (IBRTM) guidelines released by the Monetary Authority of Singapore (MAS) in June 2008. The guidelines outline a set of best practices that mandate risk management processes and security controls for financial systems, including Internet banking. http://www.compliancehome.com/news/Basel-II/13785.html Wed, 29 Oct 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/13774.html BWise, provider of governance, risk and compliance (GRC) software solutions, today announced continued global growth and expansion for the third quarter of 2008. This most recent success is driven by a number of market factors including the credit crisis, which has reaffirmed the importance of a solid risk management system that goes beyond spreadsheets. BWise recognizes that due to the current global financial crisis, companies will need to implement changes driven by more efficient and cost effective business processes; these changes are at the core of the BWise solution. http://www.compliancehome.com/news/Basel-II/13774.html Tue, 28 Oct 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/13765.html Joint eDiscovery Offering From Guidance Software and Protiviti Brings Convenience, Consistency, Cost-Savings and Sustainability to the Challenge of Responding to Legal Discovery Requests http://www.compliancehome.com/news/Basel-II/13765.html Sun, 26 Oct 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/13754.html Basel II & ICAAP Consultancy Services http://www.compliancehome.com/news/Basel-II/13754.html Wed, 22 Oct 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/13737.html Tufin Technologies, provider of Security Lifecycle Management solutions, announced that SecureTrack 4.4, the latest version of its flagship product, provides support and interoperability with Fortinet's unified threat management (UTM) systems used by enterprises and MSSPs. In addition, SecureTrack 4.4 includes greatly enhanced rule and object change tracking reports. Through advanced filtering options, security administrators can tailor change reports to best meet their specific requirements. http://www.compliancehome.com/news/Basel-II/13737.html Tue, 21 Oct 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/13734.html AIG Excess Casualty, a unit of AIG Commercial Insurance, today announces it is offering an endorsement to its commercial umbrella policy to help U.S. banks operating overseas meet Basel II requirements. Basel II, the second of the Basel Accords issued by the Basel Committee on Banking Supervision, created an international standard for banks, which requires specific capital and risk management practices to protect against operational risks. http://www.compliancehome.com/news/Basel-II/13734.html Tue, 21 Oct 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/13730.html Algorithmics, provider of risk solutions, submitted a comprehensive response to the Basel Committee on Banking Supervision, supplying an analytical review of the Guidelines for Computing Capital for Incremental Risk in the Trading Book proposed in July 2008. While commending the Committee for its prompt action in response to the credit crisis, as it stood in July, Algorithmics expressed some concerns whether the implementation of the proposed rules would be consistent with the Committee's stated objectives in a number of areas. Substantiating its concerns with several detailed technical documents, Algorithmics suggested further consideration of those rules. http://www.compliancehome.com/news/Basel-II/13730.html Tue, 21 Oct 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/13729.html Secure Computing Announces Results of Messaging Security Survey Survey reveals that most organizations lack adequate protection against spam and data leakage http://www.compliancehome.com/news/Basel-II/13729.html Tue, 21 Oct 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/13728.html Secure Computing Unveils STAMP Initiative; Outlines Seven Technologies for Advanced Email Protection Delivers Research, Architecture Requirements and Protection Solutions Needed for Secure Next-Generation Messaging Environments http://www.compliancehome.com/news/Basel-II/13728.html Tue, 30 Sep 2008 00:00:00 CST http://www.compliancehome.com/news/Basel-II/13616.html As network and security administrators work to keep networks secure, compliant and running smoothly, they are largely finding the solutions currently installed in their networks to be inadequate, according to a Frost & Sullivan survey underwritten by Telcordia. The survey, which measured usage and satisfaction attitudes of IT managers, found that more than 60 percent were not satisfied with the ability of their existing network change and configuration management (NCCM) products based, in part, on a significant gap between desired and available product functionality. Our latest research has shown that network and security administrators are struggling with existing solutions to adequately maintain their networks, which are growing increasingly more complicated in the face of increased users, devices and security threats, said Debbie Wong, Consultant, North America, Business & Financial Services Group, Frost & Sullivan. To date, the crowded NCCM market, which our research shows is domin http://www.compliancehome.com/news/Basel-II/13616.html