According to the Institute of Financial Services more than a third of senior executives in financial services believe that many organisations are ‘overly exposed to risks’.
Commissioned by IBM, the IFS’s research showed only 51% of organisations represented by the 115 executive interviewed could definitely measure their operational risk.
Eric Dobby, director at the IFS, said: ‘There is a clear call to action to ensure the City has robust contingency plans in place. Our research shows that despite 95% of th senior executives interviewed believing that the financial services industry is taing operational risk deriously since the attacks, only about half were planning to increase their expenditure in this area.’
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements