Nigerian Bank calls for governance
The Central Bank of Nigeria is encouraging strong risk management and governance in the banking industry, reports Leadership Nigeria.
Kin Norris, the special adviser to the governor on banking, says the new framework allows supervisors to prioritise efforts and focus on significant risk by channelling resources to institutions that have higher risk profile.
Under the supervision, he says the work performed would clearly identify risk areas of concern.
Mercer assists decision-makers
Consulting firm Mercer has created a spin-off to its implementing consulting service for the UK pensions market, to allow trustees to delegate much of the day-to-day decision-making related to funding levels, says IPE.
The new governance framework and management service, known as the Mercer Dynamic Derisking Solution (MMDS), is designed to speed up decision-making on investments.
Alan Baker, chief operating officer at MDDS, says: “We believe that there is strong demand for a delegated solution, and the research we've conducted shows company and trustee reactions are very positive about this approach to risk control”.
MetricStream drives GRC
MetricStream, a provider in governance, risk and compliance (GRC) solutions, is participating in The Institute of Internal Auditors 2009 Financial Services Conference in Florida, states PR-Inside.
This year's conference will showcase oversight and auditing strategies in over 28 concurrent sessions on issues such as employee fraud, enterprise and operational risk management, compliance assurance and continuous auditing.
MetricStream has helped several banks and financial services companies integrate and streamline their internal audit processes as well as other GRC disciplines-including risk management, regulatory compliance and financial controls.
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