Context:
Finance in Morocco is a growing market and catalyst for initiative. New markets, such as futures, are being set up and new reforms in securitization and venture capital activities are being enacted. As a result, there has been a desire to give more operational autonomy to market regulators like the financial market authority AMMC.
Throughout the private and public sector there is a growing need to embrace risk management strategies in order to remain flexible and resilient enough to weather global uncertainty. It is important to note that it is not just financial institutions and banks which need to manage risk, but rather all sectors can benefit from increasing their risk resiliency. The key is combined both agility and resilience into institutional planning, as one without the other merely adds additional risks.
Hammer Team, the Swiss software incubator, today announces its support for a new partnership that will combat the challenges of Enterprise Risk Management.
Background :
‘The aftermath of the 2008-9 financial crisis has lead to the most challenging economic environment in over seventy years. Many financial services companies have reconsidered their approach to financial and market risk, while having to give greater consideration to the social and economic impact of potential operational failures.
La Française AM (formerly UFG-LFP) took action before the crisis.
Following major investment in the company, Ariel Luedi becomes Chairman of the Board of OXIAL, the Swiss GRC software company based in Cham in the Zug canton of Switzerland.
