Gulf Bank boosts risk management

The Gulf Bank has signed an agreement for the roll-out of an enterprise-wide risk management system from SunGard in Bahrain, reports AME Info.

The Gulf Bank is the first bank in Kuwait to use SunGard's system for four separate risk management streams for credit risk, funds transfer, market risk and operational risk management.

Michel Accad, Gulf Bank's chief general manager and CEO, says: "This integrated system will provide a centralised view of risk and liquidity across many of the bank's key functions, helping us take more informed decisions and maximise our returns over both short-and long-term horizons.”

IT security professionals need to arm themselves with skills that are currently in demand as well as relevant for the future, according to analysts, states ZDNet.

The research firm found skills in information risk management is the third top concern for US companies, following operations security and access control systems.

Clayton Jones, ISC head of business development at Asia-Pacific, says security management is becoming a key issue because of regulatory requirements. “This highlights the importance of compliance as organisations will be penalised or fined if they do not comply with rules and regulations.”

The Dubai e-government department has deployed a government resource planning system at Dubai's Municipality's Public Transport Department, says Zawya.

The system will enable the department to extend the life span of its assets and boost productivity and risk management by accurately following up the maintenance of vehicles, equipment, and production tools.

Ahmed Bin Humaidan, director-general of Dubai e-government, says: "The system deployment is an important step for enhancing the effectiveness and productivity of the municipality's Public Transport Department.”