Citigroup recently was publicly rebuked by regulators – and fined $400 million – for failing to improve its hodgepodge of risk and compliance systems. And Citi is not alone in receiving this level of scrutiny. Regulators are now paying close attention to the processes companies have in place to manage risk holistically. Fines, reputations, [...]
Stanley Steemer Leverages Riskonnect to Accelerate Growth
Challenge Stanley Steemer was offered the opportunity to significantly expand its service portfolio and add a new revenue stream – but that meant the company first had to significantly upgrade the way it [...]
Organizations Weigh In on Crisis Preparedness in a New Compliance Week Survey
More than half of 261 compliance and audit professionals surveyed about preparedness for the coronavirus pandemic said their companies did not have a crisis response plan for this type of event or that their [...]
Organizations have a choice for the post-pandemic era – return to business as usual or get smart and learn from their mistakes. Getting your crisis response plan right is even more essential when you [...]
Six Steps to Make Decisions Confidently in a Crisis
Facts make the difference between being confident in decisions made during a crisis and reacting in the heat of the moment. Take advantage of this relative calm within the storm to build competencies you wish [...]
Start Preparing Now for the Next Crisis: A Checklist
The secret to crisis resiliency is preparedness. Taking time in advance to examine potential issues and craft a crisis plan is critical to a quick response once the real thing hits. Here is a checklist to help you hone your [...]
Risk management has long been considered a rather stodgy back-office operation, with very limited access to the C-suite. Few business schools had dedicated risk management curriculums in their academic offerings or made risk management [...]
BACKGROUND Morses Club is currently the second largest UK home collected credit lender with over 200,000 customers and approximately 1,900 agents. The company supports customers across the UK from a location near Leeds [...]
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