Jim Wetekamp, CEO Riskonnect California’s new Consumer Privacy Rights Act of 2020 (CPRA) is here. The law is an expansion of the California Consumer Privacy Act (CCPA) and is designed to strengthen data-privacy protections and [...]
EU law ceased to apply in the UK on January 1, 2020, under a last-minute trade deal between the UK and the EU. The question now is what impact will Brexit have on the UK [...]
The UK financial services industry continues to deal with the legacy of 2020 on business operations and the way customers access financial services. As a return to some form of normality remains stubbornly distant, here [...]
Californians voted in November to extend their data-privacy rights beyond the provisions of the CCPA. The new California Privacy Rights Act of 2020 (CPRA) is an expansion of the CCPA, designed to strengthen and clarify [...]
Among the many lessons learned in 2020 is that organizations without repeatable, sustainable processes to manage compliance are in clear danger of failing. Keeping up with constantly changing regulations and policies takes a technology solution [...]
Operational resilience is becoming an increasingly familiar phrase circulating UK financial services after the disruption of 2020. As we round the corner to 2021, here’s a recap of the latest requirements set out by the [...]
Implementing the Senior Managers and Certification Regime (SMCR) has been a challenge for many organizations. Now there is the daunting prospect of contending with ongoing maintenance, including the annual assessment of the fitness and propriety [...]
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 [...]
The senior managers and certification regime (SMCR) covered more than 47,000 UK financial services organizations when it was first introduced in the banking sector in March 2016. The accountability framework, which was extended to all [...]
Fintech – financial technology -- is booming, and the UK is leading the way with some of the most innovative digital technology like blockchain and artificial intelligence (AI) that are inspiring new ways of working [...]
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 plan [...]
Compliance is complicated and expensive to manage – often made more so by the very tools and processes intended to get the job done. Many compliance teams struggle with clunky, outgrown technology, inefficient processes [...]
