All Risk Management articles – Page 137
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Blog
Compliance Risk Concepts Adds Two New Executives
Compliance Risk Concepts, a compliance consulting firm, has added two new senior executives to its team: Elin Cherry as principal and head of capital markets, and Roland Reyes as director of professional services. Details inside.
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Blog
EXIGER Names Managing Director
EXIGER, a global regulatory and financial crime, risk and compliance firm, has appointed John Melican as managing director. He joins EXIGER from Bank of Tokyo-Mitsubishi UFJ, where he most recently was head of anti-money laundering, sanctions and anti-corruption compliance for the Americas. Details inside.
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Blog
Bottomline Acquires Intellinx; Offers Cyber Risk Management Solutions
Bottomline Technologies, a provider of cloud-based payment, invoice, and digital banking solutions, is now offering comprehensive cyber fraud and risk management solutions following its acquisition of Israel-based Intellinx. Details inside.
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Article
Smarter Assessments of Cyber-Risk
Image: Every compliance and audit executive wants to manage cyber-security risks. That assumes, however, that the whole organization agrees on what a cyber-security risk is. Taxonomies do exist to build a more disciplined approach to cyber-security. Try to take all steps to manage all such risks, and “it’s going to ...
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Article
COSO Tacks Toward Cyber-Security
As cyber-security works its way onto the corporate board agenda, COSO is suggesting ways that its frameworks for internal control and risk management can be a starting point for companies to anticipate fast-emerging risks. “Just as the board is responsible for enterprise risk management, this is very similar,” says Mike ...
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Blog
Survey: Cyber-Threats a Growing Concern for European Risk Managers
Image: Title: HirsWhile traditional risks due to business interruption and the supply chain remain risk managers’ top concern, cyber-risks are moving up the list, particularly in some European countries. Allianz SE’s Risk Barometer 2015 showed cyber-risks cracked the top five concerns globally for the first time, up from 8th last ...
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Resource
Hidden Costs of Compliance: Reducing Transactional Tax Risk
Debates over online sales tax and related statutory rules and rate changes have vaulted sales and use tax compliance to the top of every finance organization’s 2015 action list. The challenge is on to understand how to implement safeguards and systems, monitor widely varying statutory rules, and find efficient ways ...
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Blog
BofA Moves Compliance From Legal to Risk Management
Image: Bank of America has moved its compliance function out of the legal department and into its risk-management organization, reporting to Chief Risk Officer Geoff Greener (left). The compliance shuffle comes as bank regulators continue to prod financial firms to do a better job of integrating compliance efforts with risk ...
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Blog
U.K. Stress Tests Show Few Capital Hiccups, Improved Resiliency
Image: Dec. 17—Three of eight major U.K. banks reviewed by regulators need to bolster their capital positions, but overall the banking system’s resiliency has improved, according to results of Bank of England stress tests meant to test banks’ ability to withstand a housing shock. “The results show that the core ...
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Article
Effective governance and the Three Lines of Defense
Compliance officers, internal auditors, fraud investigators, controllers—all of them might work at one company together to assist the business in managing risk. The trick to effective governance is to assign all those professionals (and more) to their proper places in the Three Lines of Defense model.
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Blog
SWIFT’s KYC Registry for Banks Goes Live
Banks seeking to increase efficiency and reduce risk related to their correspondent banking know-your-customer (KYC) compliance activities now have a new resource at their fingertips. SWIFT this week announced the official availability of the KYC Registry, a community-driven financial crime compliance initiative that more than 20 global and regional banks ...
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Blog
New IntelligenceBank GRC Tool Simplifies Risk, Compliance Management
IntelligenceBank, an Australia-based privately-held business process management company, has announced the launch of IntelligenceBank GRC, a new customizable plug-and-play solution that enables risk managers to create their own registers for risk, incidents, conflicts of interests, manage internal controls within a single platform, and more. Details inside.
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Blog
Hearsay Social Launches New Social Media Compliance Capabilities
Hearsay Social, a social business platform provider for the financial services industry, this week launched new capabilities for its Compliance Solution, providing improved efficiency and control for compliance teams and the financial professionals whom they supervise. Details inside.
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Resource
Five Steps to Enhance the Board’s Oversight of Cyber Risk
The National Association of Corporate Directors (NACD), in collaboration with AIG and the Internet Security Alliance, has just released its latest issue from the Director's Handbook Series, Cyber-Risk Oversight. The handbook is organized around five key principles to help directors enhance their oversight of cybersecurity. It covers a wide range ...
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Resource
How to avoid common pitfalls in your ORSA process
As with so many regulatory mandates, the development of an ORSA Summary Report is dependent upon much more than just data. Regulators are looking beyond the final numbers to determine if organizations are meeting the mandate, and the process used to get that final report is under equal scrutiny. While ...
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Resource
e-Book: Getting a Handle on Third-Party Relationships
Companies have always relied on several third-party specialists and service providers to help carry out the work that they do. Vendors, suppliers, resellers, wholesalers, consultants, and many others have been part of the business equation for nearly as long as companies have existed. What is different now is how entwined ...
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ArticleAre Your Business Partners Letting the Hackers In?
For Target, it was a heating and air conditioning company. At a large oil company it was a nearby Chinese restaurant. Hackers increasingly use third-party relationships to gain access to computer networks and steal data. The trend means that companies need to conduct even better due diligence on third-party relationships ...
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Article
HHS’s Plan to Target Data Security in 2015 Means More Audits
The Department of Health and Human Services plans to raise the bar on data security in the healthcare industry in the year ahead. The renewed focus likely means more audits and enforcement actions for providers and insurers. On HHS’s checklist are required contingency plans that establish procedures for responding to ...
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Blog
SWIFT to Offer KYC Service for Banks
Financial services firms will soon have at their fingertips a new report offered by SWIFT that provides a global overview of a banking institution’s correspondent banking activities. The new service will be available in January 2015 and forms part of SWIFT’s Know Your Customer (KYC) offering, which is designed to ...
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Resource
Auditor Evaluation Report: Peer Benchmarking, Auditor Profile and Risk Indicators for the Audit Committee
There are two truths about corporate compliance: No universal solution exists for all businesses, and everyone wants to know what everyone else is doing. As part of our effort to better serve the compliance community, we are pleased to introduce Compliance Week Data & Research Division. With this report, we ...