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. [...]
The EU AI Act has been unanimously approved by member states and in general will be fully applicable in two years. This groundbreaking legislation is the first globally to establish rules for artificial intelligence and [...]
The APRA CPS 230 standard is the Australian Prudential Regulation Authority’s addition to the ever-growing list of global operational risk and resilience-related requirements. Australian banks, insurance companies, and other financial institutions – including foreign institutions [...]
By Jim Wetekamp, CEO of Riskonnect | Published by Corporate Compliance Insights, August 14, 2023 In the nearly six months since the failure of Silicon Valley Bank (SVB), three others have gone belly-up, the [...]
All insurance relies upon spreading the risk between a variety of customers. Actuaries and underwriters rely upon historical data in order to set rates that should cover anticipated claims, allow their company a profit, and [...]
Every project team shoots for success, so you might assume that risk mitigation techniques in project management would be high on the agenda. Yet only about a third of project teams practice risk management [...]
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 [...]
Among the many lessons learned in 2020 is that organizations without repeatable, sustainable processes to manage corporate compliance are in clear danger of failing. Keeping up with constantly changing regulations and policies takes a [...]
Operational resilience is becoming an increasingly familiar phrase circulating the UK financial services industry. UK regulators have issued plenty of guidance already – and more is expected as requirements continue to be refined.Here’s a recap [...]
Global Risk Register, November 4, 2020 U.S. regulators have hit Citigroup with a $400 million fine because it failed to address long-standing deficiencies in its risk and control systems and has been told to [...]
