23 January 2017
Although Theresa May has said that "Brexit means Brexit", there is still a huge amount of uncertainty and debate about what it will actually look like. In this article, Ben Waterton urges risk managers to act now, and explains what questions should risk managers should be asking as part of their risk assessment.Read more...
17 March 2016
Welcome to the latest instalment of the Arthur J. Gallagher Financial Institutions Risk Bulletin.
Here we review the largest reported attempted computer crime to date and examine how financial institutions can stay protected. In addition, we detail another UK IPT increase following the Government’s budget and announce some major recent appointments in the Financial Institutions insurance market.Read more...
2 September 2015
A recent article in the Financial Times (26th August - Funds scramble to assess computer glitch) has documented the problems experienced by one of the largest custodian banks as the result of a computer glitch.Read more...
In short, it appears that the computer systems used by the bank to calculate the Net Asset Values (NAVs) of its fund clients has suffered problems following a failed software upgrade by one of its suppliers. This may have led to investors buying or selling funds at inaccurate prices and the funds in question being unable to disseminate accurate price information.