EU bolsters bank governance

EU countries will be required to introduce an upfront levy on banks to insure against future financial failures, reports FinFacts.

The scheme; which could raise billions and will need to be approved by EU countries, is expected to be placed into legislation by 2011.

Peter Sands, group chief executive of Standard Chartered, says: “We need to build a more robust system and this demands continued further improvements in risk management and governance in banks.”

Cloud computing is a threat to the channel, but it can also deliver opportunities for partners, states ChannelWeb.

Speaking at CA World in Las Vegas, Jose Carvalho, CA senior vice-president of EMEA channel sales, says those who ignore the cloud are taking a significant risk.

CA claims it has changed the way its partner business is organised, splitting partners into three categories: alliance; global service providers, and managed service partners/channel partners. Each category now has a dedicated team of CA staff to provide support.

Advisen has released RMSolutions, aiming to reduce the total cost of risk within an organisation, says Earth Times.

Advisen RMSolutions delivers content and workflow tools to reduce workers' expenses, create executive level reports, streamline the submission process, and support the risk analysis of third party organisations.

Aaron Shapiro, who heads up Advisen's risk management business unit, says: “Risk managers need to deliver compelling insight to executives and board members regarding their organisations' risk portfolio. However, gaps in collaboration, data access and automation tools, often prevent risk management departments from achieving their objectives.”