Expectations for transaction monitoring (TM) governance are quickly evolving due to the complexity of detection systems, the demand for additional operational oversight, increased regulatory scrutiny and the need for an adequate control framework to guarantee proper risk management.
Topics: Enterprise Risk Management, Laws & Regulations, Fraud, Foreign Corrupt Practices Act, Compliance, Financial Services Industry
"Close the books" is a process that a corporation uses to reconcile, consolidate and report financial information on a periodic basis. Each company defines closing the books a little differently; not all companies complete an identical list of tasks in their close-the-books process.
Topics: Internal Audit, Financial Services Industry, Accounting/Finance
What is Financial Instrument Risk?
Buyers and sellers may enter into sub-optimal financial or commodity instrument structures that have been standardized for efficient electronic trading. Conversely, buyers and sellers may enter into transactions where some trade terms were not anticipated due to shortcomings in the electronic communication means portraying the transaction.
Topics: Compliance, Investments & Foreign Exchange, Financial Services Industry, Energy & Utilities Industry, Performance Management/Measurement
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