Risk Management


Lender

U.S. lenders feel confident, but why? Compliance, risk challenges abound

2019-12-06T19:53:00+00:00By

Financial institutions are feeling more confident than ever about their compliance management practices, but they remain concerned about the “moving targets” of regulators, new research shows.

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White paper: Vendor Risk: Find It Before It Finds You

2019-12-02T12:22:00+00:00Provided by

It is virtually impossible to move forward in business without vendor relationships, but having vendors also means having potential risk.

ThumbsUp

Data-driven compliance can create business success

2019-11-18T21:41:00+00:00By

Smart uses of data analytics show companies can not only improve their compliance programs with technology, but actually create bottom-line results for their companies as well.

Bribe

U.S. trending up in new TRACE matrix bribery report

2019-11-18T19:03:00+00:00By

The latest edition of TRACE International’s annual Bribery Risk Matrix shows many of the same countries named in last year’s report are still struggling with business-related bribery risk. One country on the rise: the United States.

Tesla

NHTSA probing Tesla for defects that cause battery fires

2019-11-18T16:39:00+00:00By

The National Highway Traffic Safety Administration has launched an investigation into electric-car company Tesla over potential battery defects that allegedly cause its vehicles to suddenly burst into flames.

Cyber locks

Proactive approach needed in today’s cyber-crime environment

2019-11-18T15:23:00+00:00By

An expert sheds light on behavioral science-driven solutions that help businesses prepare for a breach before it happens.

HighVoltageMoney

Survey: Data use, security among top audit risk areas

2019-11-15T17:19:00+00:00By

Research and advisory firm Gartner has released its annual “Audit Hot Spots” report, which reveals the three top risk areas for internal audit teams and chief audit executives in 2020.

Blockchain

Internal control best practices for blockchain technology

2019-11-14T17:19:00+00:00By

Those in accounting who want to understand better the inherent risks, threats and vulnerabilities, and internal control best practices associated with the use of blockchain technology now have a first-of-its-kind framework to follow.

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White paper: Eliminate Manual Madness to Simplify Your Financial Processes

2019-11-13T14:21:00+00:00Provided by

Learn how to eliminate manual processes and mitigate risks within your month-end close.

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White paper: 12 Lessons from One Trillion Screens

2019-11-13T09:51:00+00:00Provided by

Now that RDC has carried out one trillion screens they assure you, efficient compliance screening is possible.

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Nov. 5 | Building blocks for effective vendor risk management

2019-11-05T14:10:00+00:00Provided by

Your organization probably has some means for managing third-party risk, perhaps most urgently within the onboarding process, or maybe in response to regulatory demands. Yet you probably suspect that there remain untapped opportunities for reducing risk while at the same time reducing overhead. Or for gaining greater control over your ...

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White paper: Leveraging Microsoft Office 365 for Policies and Procedures Management

2019-11-05T04:32:00+00:00Provided by

In today’s business climate, policy and procedure management is essential to stay in compliance and create a solid foundation that will enable organizations to communicate effectively, foster a sense of company cohesion, develop employee engagement, and reduce noncompliance.

BoardInvolvement

Survey: Board governance issues expanding amid volatility

2019-11-04T19:51:00+00:00By

The role board directors of public companies play in providing oversight and governance around business strategy, investments, and policies—and their focus on emerging issues—has reached new heights, according to the findings of BDO’s 2019 board survey.

RiskLessons

Risk management tips from Tullett Prebon compliance woes

2019-10-24T18:57:00+01:00By

The U.K. Financial Conduct Authority fined Tullett Prebon (Europe) Limited £15.4 million (U.S. $19.8 million) after its compliance department failed to implement adequate risk management systems.

world map index

Compliance lessons from recent nine-figure FCPA settlements

2019-10-24T15:46:00+01:00By

Walmart, TechnipFMC, Fresenius—just to name a few—have all fallen prey to the Foreign Corrupt Practices Act in a record year of jacked-up enforcement and sky-high penalties.

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Webcast: Risk associated to your third-party relationships

2019-10-24T14:34:00+01:00Provided by

In today’s ever-escalating regulatory environment, companies are expected to understand who they are doing business with. Ultimate Beneficial Ownership (UBO) is required on a mandatory basis for organizations that fall within the scope of AML and beyond. And while the legislation is complex and a challenge for most organizations to ...

askamii

Ask Amii mailbag: Using compliance skill sets to influence operations

2019-10-22T17:11:00+01:00By

In this “Ask Amii” mailbag, executive coach and former Chief Compliance Officer Amii Barnard-Bahn discusses the pros and cons of outsourcing compliance, breaking tough news to business partners, and how to transfer compliance skills out of finance.

DataBridge

NIST provides guidance on how to bridge privacy, cyber-security processes

2019-10-18T16:11:00+01:00By

NIST’s new draft Privacy Framework offers much-needed guidance to help companies align their data privacy and cyber-security risk management practices.

CourtRulingBustsBalloon

Labeling employee a ‘compliance risk’ not defamation, says court

2019-10-16T19:51:00+01:00By

A former Biomet Argentina employee—in a bit of FCPA hot water—landed on his company’s restricted persons list, sued for defamation, and lost.

AIdata

Survey: Compliance execs like AI, but not confident they can harness it

2019-10-02T19:45:00+01:00By

Compliance and procurement leaders see the value in using artificial intelligence, but far too many aren’t confident they have the right skills in place to use it, according to a new report from Dun & Bradstreet.

DeloitteSurvey

Survey: Companies believe they've underinvested in TPRM

2019-10-02T18:00:00+01:00By

A new survey published by Deloitte highlights the latest trends—both opportunities and challenges—in companies’ journey toward a more mature extended enterprise risk management program, one in which third-party risk management is integrated across the firm and led from the top.

Food delivery

DoorDash data mishap showcases hazards of third-party vendors

2019-09-27T20:59:00+01:00By

DoorDash announced an incident of unauthorized third-party access to user data—a reminder companies need to mind the cyber-security of vendors in addition to their own.

Microsoft

How Microsoft turned one practitioner into a versatile analytics guru

2019-09-24T19:21:00+01:00By Alan Gibson

Guest columnist Alan Gibson explains how his role as assistant general counsel in Microsoft’s Office of Legal Compliance helped his transition into a world of managing risks through algorithms, machine learning, and digital solutions.

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Dec. 10 | How to make TPRM less painful

2019-09-18T13:42:00+01:00Provided by

Webcast details: December 10, 2019 – 2 p.m. ET   |  CPE Credit(s): 1

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Dec. 17 | Meeting the expectations of the board

2019-09-13T17:13:00+01:00Provided by

Webcast details: December 17, 2019 – 2 p.m. ET   |  CPE Credit(s): 1

Money

Options Clearing Corp. fined $20M over risk policies

2019-09-05T17:09:00+01:00By

Options Clearing Corp. will pay a combined $20 million in penalties to the SEC and CFTC to settle charges that it failed to implement certain risk management policies as required by U.S. laws and regulator rules.

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Webcast: Keep up with the speed of risk in the digital age

2019-09-05T14:00:00+01:00Provided by

Digitization has ramped up the velocity of risk impact to breakneck speed. Organizations no longer have the luxury to simply check compliance boxes. They need to learn how to keep pace with a constant onslaught of new threats, changing regulations, and higher stakes.

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Webcast: Keys to third-party risk management success

2019-08-29T14:00:00+01:00Provided by

In today’s shifting security and regulatory environment, ongoing third-party monitoring is crucial to compliance success. But how do you keep up with a constantly changing and growing list of vendors? This session will outline the keys to third-party risk management success through a modern approach to monitoring vendors.

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Webcast: Why T&E audit is more than policy compliance

2019-08-22T14:00:00+01:00Provided by

Organizations are failing to solve the employee-spend challenge as travel and expense (T&E) transactions continue to suffer from non-compliance and fraud. Companies also have unnecessarily high audit costs and inadequate risk coverage thanks to manual testing of T&E transactions.

Hong Kong protest

Cathay Pacific execs quit due to Hong Kong protests

2019-08-20T15:19:00+01:00By

Amid pressure from Chinese authorities after initially not penalizing employees for taking part in the Hong Kong pro-democracy protests, two top Cathay Pacific executives have tendered their resignations.

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Webcast: Key strategies to ensure third-party compliance

2019-08-15T14:00:00+01:00Provided by

Enterprises are now, more than ever, relying on a higher number of third-party, mission-critical technologies (along with their support and maintenance). As a result, enterprises are unintentionally opening themselves up to the largest source of data breaches.

risk

FDIC details credit and market risks

2019-07-31T19:49:00+01:00By

The Federal Deposit Insurance Corporation this week published its 2019 Risk Review, an annual publication highlighting emerging risks and exposures that could affect the banking system in the months ahead.

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e-Book: 2019 Third Party Risk Management Solutions Directory

2019-07-26T19:44:00+01:00

Third-party relationships present one of the biggest risks a company can take on, which makes doing all you can to properly vet and monitor these partners of tantamount importance.

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Webcast: Broker-Dealers on Social Media: Understanding the Risks

2019-07-25T14:56:00+01:00Provided by

Regulations put broker-dealers squarely in the spotlight of various risks and responsibilities. FINRA and the SEC govern marketing communications and advertising practices when communicating with the public. Additionally, the cybersecurity threat landscape is evolving and is one of the primary operational risk’s firms face today.

columnist icons

Why CEOs today must be change leaders for social issues

2019-06-28T18:00:00+01:00By

The Wayfair walkout represents just the latest high-profile example of how social and policy issues continue to spill into the corporate ethics and compliance realm.

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Webcast: Busting the 10 Myths of Third-Party Risk Management

2019-06-27T14:00:00+01:00Provided by

Managing third-party risk is vital to every business’ reputation and long-term success. But with growing regulatory requirements, compliance skills shortages and numerous potential sources of information, managing third-party risk as an organization can feel like a very painful process.

Poll

Poll shows gaps in integrated risk management

2019-06-21T14:40:00+01:00By

Many organizations’ enterprise risk management capabilities aren’t as integrated as they need to be, leaving them vulnerable to legal, financial, regulatory, and reputational risks, according to a new GRC benchmark report.