The TM Bulletin: September 2024
Thomas Murray
Global Risk Intelligence | Safeguarding clients and their communities since 1994
We are?pleased to present our latest issue, featuring insightful content from the experts at Thomas Murray. This edition covers crucial topics such as?Private Equity for cyber security, The Digital Operational Resilience Act, and??Cash Correspondent Monitoring.
Working with?cutting-edge?technology and in the fields of cyber security and global finance always provides us with plenty to?discuss?and interesting perspectives from our experts.?We hope you find the content informative and engaging.
We value your feedback and welcome suggestions for future editions. If?there's?something?specific?you'd?like to know more about, please?don't?hesitate to get in touch.
September 2024 recap
Regulatory compliance
Executive Readiness for DORA Workshops ?
As the January 2025 deadline for DORA compliance approaches, organisations must take proactive steps to prepare for the new regulatory requirements. The Thomas Murray Executive Readiness for DORA Workshops offer a unique opportunity for executives and board members to gain a deeper understanding of the scope and implications of DORA for their organisations.
Through two interactive and tailored workshops led by our industry-leading DORA subject-matter experts, Shreeji Doshi and Ed Starkie, clients will gain valuable insights into their organisation's current exposure to regulatory enforcement and punitive actions for non-compliance. This collaborative approach ensures that participants are well-equipped to address potential risks and ensure a smooth transition to the new regulatory framework.
Private equity
Time for Private Equity?firms to focus on concentration risk
As PE firms continue to grow and diversify their portfolios, a growing threat lurks in the shadows. Concentration risk – the danger of over-exposure to a single investment or market – can have devastating consequences if left unmanaged.
Recent incidents, such as the CrowdStrike breach,?demonstrate?how quickly unmanaged risk can escalate into full-blown crises. Our experts explore why PE portfolios are uniquely vulnerable to concentration risk and what lessons can be learned from recent high-profile incidents.
In our latest insight, we delve into:
? Why PE portfolios are particularly susceptible to concentration risk
? Key takeaways from recent high-profile breaches and scandals
? Practical steps for identifying and mitigating concentration risk in your portfolio
Cash Correspondent Monitoring
Cash Correspondent Monitoring?in practice
Effective management of financial and operational risks is crucial for any organisation with a global network of agent banks. Our Cash Correspondent Monitoring (CCM) solution helps you stay on top of these risks by?providing?valuable insights into your global, regional, and local network.
Our CCM solution is built around an industry-agreed, closed-end questionnaire that agent banks complete. The results are benchmarked against market, regional, and currency standards, enabling you to:
? Identify potential threats before they materialise
? Compare the performance of your agent banks to local competitors
? Stay ahead of emerging risks and opportunities
Watch our video to see how CCM works in practice and how it can address your specific challenges:
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Financial Markets
T+1 settlement cycle
The shift to T+1 settlement cycle has become a pressing issue in the UK, with regulators setting a goal date for completion by the end of 2027. This move follows the US, which successfully transitioned to a one-day settlement cycle. As the UK and EU engage in discussions on coordinated switch, we can look to the US experience for insights into the potential impact.
Our Financial Market Infrastructure team has analysed the effects of US T+1 transition on various regions, including North America, Europe, Asia Pacific, Africa, Middle East, and LATAM. Key findings from our research are highlighted in a comprehensive eBook, which is available for download.
Risk Committee
Risk Committee Updates October 2024
Thomas Murray’s Risk Committee meets regularly to assess the health and stability of capital markets, custodian banks, transfer agents, fund platforms and market infrastructures around the world. ?This month’s highlights include:
1.? Nigeria overtakes South Africa as Africa's largest economy?
2.? Egypt secures a $35 billion investment from UAE's ADQ?
3.? The role of automation in post-trade operations
Travel schedule
Where you can meet us in October
If you wish to meet?our representatives?in-person?at?any of these locations,?please reply to this email, and we will be happy to schedule a meeting at your convenience.
For more industry insights, check out our newsletters
Cyber Series - Go behind the headlines with a weekly deep-dive into what’s shaping our digital world.
DORA Digest - Expert insights and analysis to help you on the DORA compliance journey.
Risk Committee Updates - Monthly highlights from our experts’ assessments of markets and entities.