Canada’s Office of the Superintendent of Financial Institutions – OSFI – is the latest in a long list of governing bodies to publish new requirements for operational resilience. Guideline E-21 was published on August 22, [...]
Is the intense focus on market and credit risk in investment bank risk management leading to the neglect of significant operational risks? With many modern financial firms heavily reliant on digital systems, mobile apps, online [...]
Financial services compliance is a daunting proposition for banks, insurance companies, investment firms, and FinTech firms worldwide. The rules and regulations are complex and ever-expanding – and compliance is often viewed as a chore. [...]
Nationwide Building Society has long prioritized business continuity. With rising operational resilience regulations – and business continuity technology approaching the end of its life – the organization turned to Riskonnect for a full-scale renovation. DOWNLOAD [...]
Banking compliance professionals continue to confront myriad regulatory requirements around the globe, as well as internally driven demands. And this frenzy of activity is not expected to slow down anytime soon. Banking compliance is essential [...]
Silicon Valley Bank (SVB) was a well-established financial institution with $209 billion in assets under management (as stated in their 2022 financial statements) that collapsed into insolvency in a matter of days. How could this [...]
Financial compliance is not just about following the rules, it’s about building confidence among your people, investors, and customers that you’re doing more than checking the box. As the scope and complexity of regulation [...]
Financial services firms across Australia are regulated by the Australian Prudential Regulation Authority APRA, a government driven organization whose primary role is to regulate and supervise the financial institutions in Australia to ensure the [...]
The Sarbanes-Oxley Act of 2002 – known as SOX – has been operational for almost two decades, yet many businesses continue to struggle with compliance. To be sure, SOX compliance is a sizable undertaking. [...]
Taking a Q&A format, this short blog provides an overview of how Monte Carlo Analysis, the technique first used by scientists working on the atom bomb back in the 1940s, can help risk and project [...]
Enterprise risk management programs are becoming increasingly critical for financial services firms under pressure from regulators to upgrade the way risk is managed. And technology is key. Today’s ERM software can break down silos [...]
Organizations are used to responding to regulatory, environmental, technological, or internal structural changes. Recent events, however, have kicked the amount of change into high gear – and made it crystal clear how critical it [...]
