Spyros is the Business Solutions Manager-Risk Practice, for the office of SAS in Southern Europe, Middle East & Africa (SEMEA). By combining his 8 years of Risk Management experience with SAS Risk & Compliance Solutions he provides consulting services to financial institutions on matters ranging from governance, to risk and regulation. Previously he held Credit Risk Analyst position at one of the major Greek financial institutions, participating in key components of Credit Risk Management, including development and implementation of Credit Rating Systems using complex statistical packages.
At this point in time, Model Risk Management stands at the forefront of risk management for many of today’s financial services organizations. The majority of financial institutions are in the process of developing Model Risk Management frameworks to mitigate model risk and to become more comfortable with their models. However,
In my first article, I looked at the main areas covered by the 4th Anti-Money Laundering (AML) Directive from the EU. This post covers the amendments to that directive introduced by the 5th AML Directive, and suggests how organizations can address the requirements of the two directives. The 5th AML Directive:
Questions about the regulatory regime related to the 4th and 5thEU Anti-Money Laundering (AML) directives are among the most frequent ones we have been getting this quarter. There can be no question that businesses are responding to increased regulations and in turn, driving demand for anti-money laundering technology to support
