Enabling Effective Conduct Risk Webinar

Apologies to the attendees who were 'trapped' in the waiting room and couldn't enter the Webinar! We encountered a number of technical difficulties, including sound issues as well.

Please find below, the recording of the Conduct Risk webinar (July 17th) for you to view in your own time.

July 17th 2013 "Enabling Effective Conduct Risk" Webinar 15:00-16:00 GMT The regulatory landscape for the UK Financial Services industry has undergone a fundamental change with the Financial Services Authority (FSA) splitting into two new regulatory bodies; the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA).

INTRODUCTION:

The regulatory landscape for the UK Financial Services industry has undergone a fundamental change with the Financial Services Authority (FSA) splitting into two new regulatory bodies; the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA).

Focusing on the FCA and the Conduct Risk agenda, in this webinar, "Enabling Effective Conduct Risk", StratexSystems demonstratse how firms can effectively manage conduct risk by taking an integrated approach to strategy and risk management, and how the StratexPoint solution can support firms as they seek to meet the challenges of conduct risk and engage effectively with the new regulator around this agenda.

During the webinar, StratexSystems outlines: 

‘The Seven Key Challenges of Conduct Risk Management’;

1.       Managing and embedding Governance into the business

2.       Definition and embedding the Business Model

3.       Definition and execution of the Business Strategy with    customers at its heart

4.       Enabling & embedding Conduct Risk specific processes

5.       Process Management, and specifically New Product Development

6.       Product level performance and risk management

7.       Conduct incident reporting and analysis

StratexSystems demonstrates during the webinar that Enabling Effective Conduct Risk Management is not about throwing everything that one currently does away and starting afresh but rather building on existing strategy execution and risk management processes and tools.

StratexSystems announces impressive client wins in the first half of the year for its Enterprise Risk Management Solution

StratexSystems announces impressive client wins in the first half of the year for its Enterprise Risk Management Solution.

London, UK. July 5th, 2013 – StratexSystems announced today that it has seen a significant increase in the number of clients in the first half of 2013. Included within their recent client wins are two of Europe’s largest Central Banks/Financial Services regulators, one of the largest global asset management firms, six insurance companies as well as a FTSE100 defence company. Additionally, a number of organisations are piloting the StratexPoint solution, including their first firm in the water industry, whom has recently completed a pilot deployment with positive results.

The number of clients highlighted above is significant as it demonstrates that the StratexPoint solution has been adopted by a wider range of organisations and is being applied to address needs beyond Enterprise and Operational Risk Management in Banks.

Having two of Europe’s largest Central Banks/Financial Services regulators as StratexSystems clients can be seen as a strong validation of their solution’s integrated approach to strategy and risk management. Furthermore, gaining an asset management firm and several insurance companies into the fold reflects StratexSystems’ concerted efforts to acquire clients across the various facets of the financial services industry.

Additionally, wins within the defence and water industry reflect the success StratexSystems are having with building and expanding their partner channels.

Adoption by a defence company to use StratexSystems’ solution is of particular interest as StratexPoint was selected as the software platform to enable the deployment of a business-led, information asset-centric, enterprise-wide cyber security framework.

This builds on StratexPoint’s strength as an operational risk management tool and highlights the importance of cyber risk management as a critical component of an overall operational risk management framework and solution.

These client wins are the result of continued efforts to increase their profile through a co-ordinated sales & marketing approach. Included within the approach was an Executive Breakfast Briefing in the City [London] during which two existing clients, Aldermore Bank & HML presented their risk journey and experiences with StratexSystems. They are also finding success via their sponsorship of the Institute of Operational Risk (Scottish Chapter).

Andrew Smart, CEO, StratexSystems stated, "The first half of the year has seen our team and solution gain real traction and momentum. Our clients continue to face challenges around delivering their numbers in the face of higher capital charges and a wave of regulation. The introduction of a twin peaks regime has added to their challenges, with conduct risk being a new area where StratexPoint is helping.

Adding such important organisations to our client list is a strong endorsement of our solution and its on-going development in response to market and customer demands."

Guy Sutton, Sales Director, StratexSystems said, “We are extremely pleased with our successful start to 2013. With the success achieved to date and the momentum built, we are looking to make 2013 a break-through year, both for our business and for clients."

Ends

Notes to Editor

To interview a spokesperson, please contact: james.reeve@stratexsystems.com

For more information about StratexSystems visit: www.stratexsystems.com

About StratexSystems

StratexSystems is the only software company in the world to provide an integrated, Risk-based Performance solution powered by Microsoft's SharePoint platform.

Their goal is simple – to help businesses execute strategy while operating within their acceptable level of risk exposure.

About StratexPoint

StratexPoint is an integrated Strategy Execution and Risk Management solution built on the ubiquitous Microsoft SharePoint platform. With support for each of the three lines of defence; the solution is comprehensive in nature but modular in deployment, delivering a high ROI, high user adoption and high levels of assurance to your Board and Regulator(s) that you are operating within appetite.

Download the PDF Version HERE

StratexSystems Partners with Cyber Security Experts to Develop Strategic Cyber Security Solution

StratexSystems, a provider of integrated strategy execution and risk management solutions is pleased to announce the launch of CYSPEX (Cyber Strategic Programme Execution), a unique, comprehensive cyber security solution designed to provide boards and senior executives with a holistic view of their organisational cyber security status. 

Developed with the combined Cyber Security and Risk-Based Performance Management expertise of Templar Executives (www.templarexecs.com) and Manigent (www.manigent.com), CYSPEX enables organisations to monitor and implement the delivery of their cyber strategy while managing and mitigating the organisation’s cyber risks in line with their risk appetite. Not only does this ensure your organisational information is secure and managed through its lifecycle, it also means information is delivered in a timely, relevant and valued manner.

An organisation’s value is increasingly made up of its information assets, such as patents, designs and custom databases, and how well they exploit them. As a result, these are increasingly coming under attack from a range of individuals, including commercial and governmental parties. In this environment, cyber security has to be a board level responsibility and solutions must deliver tangible business benefits.

Recent figures show that 92% of large organisations are currently experiencing losses from cyber incidents[1] which involve their information being lost or stolen and infrastructures being taken offline, or more worryingly, taken over. Poor cyber security can cost your business directly, through fines and litigation fees, and indirectly, by damaging your brand value, competitive advantage, productivity and revenue streams. 

As experienced Risk Management Software Providers, StratexSystems are aware of the impact cyber risk can have on businesses: CYSPEX (Cyber Strategic Programme Execution) is a unique and comprehensive cyber security application designed to provide boards and senior executives with an holistic view of their organisational cyber security posture. Developed with the combined Cyber Security and Risk-Based Performance expertise of Templar Executives and Manigent, CYSPEX enables organisations to monitor and manage the delivery of their cyber strategy while managing and mitigating the organisation’s cyber risks in line with their risk appetite. Not only does this ensure your organisational information is secure and managed through its lifecycle, it also means information is delivered in a timely, relevant and valued manner.

StratexSystems CEO and Founder, Andrew Smart said: “We are excited to be partnering with Templar Executives to develop this innovative cyber security solution. Cyber Security is moving up the agenda of our clients but we believe there is a need for a strategic approach which is aligned to business strategy”.

Templar Executives CEO and Founder, Andrew Fitzmaurice said “The UK Government and UK PLC are increasingly recognising the holistic nature of the range of threats posed by cyber-attacks, and every day we seem to wake up to reports of another cyber security breach. Indeed, recent events such as the Stuxnet incident, and incidents at leading organisations such as HMRC, HSBC and Zurich Insurance plc, demonstrate the need for a comprehensive solution which enables a mindset change regarding Cyber Security. With our partners, StratexSystems we believe that CYSPEX will provide, for the first time, organisations with an opportunity to develop that much needed solution”.

www.cyspex.com

---

[1] State of Security Survey, 2011, Symantec