Risk Management

Deloitte this week announced that it has acquired Compliance Implementation Services (CIS), a life sciences compliance consulting firm. CIS will join Deloitte Advisory, a risk and financial advisory practice, as part of its regulatory compliance market offering. Effective immediately, the business will operate as “CIS by Deloitte.” Details inside.

EXIGER, a global regulatory and financial crime, risk and compliance firm, has appointed Christopher Prather as managing director at EXIGER Advisory, EXIGER’s specialized consulting division, which executes the firm’s monitoring assignments and delivers sustainable governance, risk management and regulatory compliance consulting services to financial institutions, government agencies, non-profit organizations and multinational corporations. Details inside.

A first-of-its-kind survey on Canadian compliance professionals conducted by Grant Thornton finds significant weaknesses in the AML compliance practices of Canadian companies. Among the findings: many compliance staff are not consistently visiting their overseas locations and rarely tailor their AML training programs to the specific needs of different groups, particularly their senior management and boards. More survey results and recommendations on how to improve AML compliance programs are inside.

Lots of people talk about the compliance function as crucial to business strategy today, but gaps remain: According to one PwC survey of chief executives, 78 percent of CEOs say overregulation is the top threat to growing their business; at the same time, only 35 percent of CCOs in PwC’s State of Compliance survey say they participate in setting business strategy. More on how to bridge the divide is inside.

MetricStream, a GRC Management Apps provider, this week announced that it is integrating MetricStream’s Business Continuity Management (BCM) App with the Everbridge Unified Critical Communications platform to provide users with an integrated communication management capability that supports the end-to-end disaster recovery process. More inside.

Comptroller of the Currency Thomas Curry last week provided an overview of the top cyber-security priorities that the Office of the Comptroller of the Currency will be focusing on for the remainder of 2015. These priorities include the release of a new cyber-security assessment tool that financial institutions can use to evaluate their cyber threats. Details inside.

Socialware, a provider of social media risk management solutions for the enterprise, now makes it easy for third parties and partners to offer security, compliance, and brand protection solutions using key capabilities from the Socialware platform. Details inside.

Marsh, an insurance broker and risk management firm, and FireEye, a cyber-security firm, has announced a collaboration to offer clients a new service: Marsh Cyber OASIS. This service is designed to assists clients by providing an objective evaluation of their organization’s ability to detect and respond to cyber-attacks and the strength of their technical infrastructure. More inside.

Hearsay Social, provider of the Predictive Social Suite for financial advisors and insurance agents, this week announced the launch of the new Universal Supervision experience for social media and website content, designed to make it easier and faster for financial services companies to enforce compliance policies. Details inside.