Genesis Analytics The Genesis Analytics, a consulting firm that advises governments and companies in emerging markets on competition, strategy, regulation and development has announced the strengthening and expansion of its services in financial risk management. To this end, the South Africa-based firm said it recently appointed Mr. James Bernstein, a top risk professional, as Head of its new Risk Management Unit. A statement explained that the unit was established in response to the growing challenges presented by new regulatory requirements and the need for financial institutions to improve their risk management capabilities. “Increasingly active balance sheet management is the cornerstone of competitive strategy in today’s financial institutions,” Bernstein said. He noted that being able to respond to changing risks and regulations was fundamental to both sustainability and success. “The new risk management unit at Genesis Analytics will therefore be working with clients across the entire risk spectrum, leveraging off the firm’s full complement of products and analytical expertise,” the statement explained. Commenting on the expanded services offering, the Head of the Financial Institutions Practice at Genesis Analytics, Richard Ketley said Bernstein brings with him unique skills and experience. “With the appointment of James Bernstein we have added an expert on risk management to our team, right at a time when banks need to improve their ability to manage capital and liquidity in rapidly evolving markets. “Throughout Africa, regulators are calling on banks to comply with global best practice, and many do not have the internal skills or systems necessary in order to comply. This is the gap we intend to fill,” he added.
The air traffic controllers, whose critical duties determine the safe operation of aircraft from departure to its destination, say their criticism of the management of the Nigeria Airspace Management Agency is to ensure that it does not derail from its responsibilities. They also acknowledge the airspace is a lot safer than the past. Chinedu Eze […]
The price of cement, a premium building material in Nigeria, has risen in the open market with the price of a 50-kilogramme bag of the product rising from N1,500 in August to about N1,700, an increase of just over 13 percent. The increase, according to some industry stakeholders, may not be unconnected with the recent […]
Following weeks of speculation on what to expect from the new Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, Thursday finally unveiled his monetary policy agenda, vowing to gradually slash interest rates. His decision to lower interest rates signals a departure from the hawkish monetary stance of his predecessor, Sanusi Lamido […]