An overview for CIOs of the provision and management of IT services at a level that addresses the risk management issues raised by the Basel Committee's New Capital Accord expected to become effective during 2006. Because of the dependence financial institutions have on IT services, the accord requires adequate provision to assure the availability of these services. Centauri Business Service Manager is presented as the solution: one that allows a CIO to assess current risk levels, measure ongoing risk and support a process of ongoing improvement to reduce this risk. Furthermore, Centauri provides the financial institution with a cost-effective balanced scorecard to improve decision-making.
internet banking finance
of the proliferation of Internet banking, special attention has been given by the Basel Committee to e-banking. A sub-committee, the Electronic Banking Group (EBG) , was formed in November 1999, and their initial findings on risk management and supervisory issues arising from this were published in October 2000. This report outlined and assessed the major risks associated with e-banking: strategic risk, risk to reputation, operational risk (including security), and credit, market, and liquidity risks.