Archive for the 'Corporate Governance' Category

CBI/PwC Financial Services Survey

Supplement to our doom and gloom diet, CBI/PwC released financial services survey. The highlight from my perspective is on page 8 about the depressing mood of securities traders in relation to their business. Particularly a negative balance statistic of -92%.


Click here to get the survey publication.

Successful Strategy Execution – Harvard Business Review

Excellent article in Harvard Business Review on secrets behind successful strategy execution. It is illustrated through a case study, whereby restructuring yeilds immediate results but the problems (or their symptoms) crept back in – until they decided to identify and address the root cause.

Focus should not be restructuring but rather identifying what and where it goes wrong – then appropriate change implementation and management as required.

See this link for the Executive Summary (I strongly recommend to subscribe to HBR for full article)

KPMG Releases Internal Audit of the Future

KPMG has released a whitepaper which leverages the insights and perspectives shared at a forum which brought together nine internal audit directors from leading financial institutions including Barclays, BMO Financial, Goldman Sachs, Credit Suisse, Bank of Nova Scotia, Morgan Stanley, Lloyds TSB, RBS and provided the opportunity for the group to identify key business drivers for change in today’s global financial services marketplace.

Key discussion points were around:
– Integrated Assurance Model
– Continuous Auditing and Technology
– Internal Audit’s Role
– Balancing Stakeholder Expectations
– Risk-Based Approach
– The Right People

The whitepaper here also highlights key action steps for Internal Audits to take to help meet expectations in 2010 and beyond.

Technology Risk in Banking Context

Interesting article by Cynthia hosted by Bankersonline, it discusses technology/IT risk in banking context to a certain extent. However, it will not be much to expect some reference to the capital requirement regulation and how it acts as a board level motivation to take technology/IT risks management more seriously.  More on it here