IT Revolution’s Post

Every day, local governments face financial risks that can challenge their stability—like overreliance on a single industry or unexpected natural disasters. GASB 102: Certain Risk Disclosures is here to shine a light on these hidden vulnerabilities. By requiring disclosures on concentrations and constraints, this new standard promotes transparency, accountability, and proactive risk management. Learn more!

Do you know the 5 pillars of DORA? In our recent webinar led by Adam Foody and Alastair Goodwin, we outlined the crucial 5 pillars of DORA to provide financial entities with the necessary tools to achieve compliance. From digital operations resilience training to ICT risk management, we unpacked each pillar in depth, providing an understanding of the EU’s regulatory expectations and how to best meet them. Didn’t make it? Don't worry: here’s a clip outlining the 5 pillars for financial institutions. In our upcoming blog, we’ll deep dive into each pillar explaining the requirements and the impact on your business. Coming soon! 👀

With supply-chain attacks on the rise and growing compliance, how are you verifying and addressing the risks from each vendor? Here's how we've helped our customers: ✅ Streamline Risk Triage: Prioritize risks efficiently to avoid bottlenecks ✅ Establish a Single Source of Truth: Create clarity and efficiency with a central hub for risk management ✅ Sync Up Your Teams: Seamless communication ensures everyone is on the same page 👇

Bed bugs remain a taboo topic, but avoiding the conversation doesn’t make the risk go away—it only increases the potential for financial and reputational damage. At IBBS, we set the global standard for risk prevention and reputation management, giving hotels truly proactive solution. To learn more visit: ibbs.global

With a continually changing regulatory environment, it’s essential that firms have institutionalized processes for monitoring position limits and escalating alerts in real time.   In the new article, we dive into the challenge of tracking position limits and share how having a modernized risk management solution can automatically pull real-time positions across venues and deliver visibility through a dashboard for easy viewing and analysis. Read the article, here: https://lnkd.in/eycQzAV5

Building efficiencies is critical to maintaining a competitive edge and an important goal for many MIB members. As data continues to evolve, use of electronic data can be an important part of a strategy to improve efficiencies - for any type of risk assessment process. Read our latest blog for insights on this topic from MIB's Carolyn McAvinn, FLMI, AALU, PMC-IV https://lnkd.in/eNpaAz3f

Understand how the market is looking at IPV and valuation control with updates in the Prudent Valuation framework

We are pleased to announce our highly anticipated Risk.net and Numerix webinar "Real-time risk management in the age of dynamic markets and data" which is taking place on Tuesday, June 25 at 3:00 PM BST. Reserve your complimentary spot today: https://hubs.ly/Q02B54Kr0 Topics to be discussed include: - Impact of new margin rules on traded risk and real-time computations - Trade economics of posting initial margin and collateral optimisation strategies - Pricing implications of complex CSA agreements involving bond collateral - Adapting to real-time quote responses and preventing arbitrage - Accelerating data analytics and reporting for critical decision-making If you are unable to watch the webinar live, all registrants will receive a link to watch on-demand.

In the ever-changing financial landscape, tools like stress testing and backtesting are indispensable for ensuring the stability of institutions. Stress tests simulate extreme economic scenarios to evaluate an organization's resilience under adverse conditions, while backtesting validates the accuracy and reliability of risk models by comparing their predictions with actual outcomes. These practices are not just regulatory obligations but strategic necessities for identifying vulnerabilities, optimizing risk management, and enhancing decision-making. 🪙

Identifying and mitigating supply chain vulnerabilities is crucial for financial stability. Emphasizing the importance of calculating financial business risk to safeguard your operations is a priority for us. Understanding potential risks helps in making informed decisions, protecting against disruptions, and ensuring resilience. By analyzing financial exposures, companies can prioritize critical areas and develop robust strategies to minimize impact. Stay proactive in identifying risks and fortifying your supply chain. We are dedicated to helping you achieve supply chain excellence through strategic risk management. Get in touch today: https://lnkd.in/eQTZDNKX #SupplyChainRisk #RiskManagement #SGSMainePointe #SupplyChainExcellence