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What Role Should Compliance Play in ESG?The big picture: Compliance plays an important role in the governance and oversight structures of a financial institution. As with other regulated activities of an institution, compliance teams should have a seat at the table when implementing ESG initiatives.
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by Abhishek RoyServicers in lending organisations are challenged with navigating economic headwinds that are pushing delinquency- and default-rate projections higher.
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“Outsourcing and other third-party relationships can bring multiple benefits to FIs, including: enhanced operational resilience; faster and more tailored financial products and services; cost reduction; greater innovation; and improved internal processes.
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What you should know: In his first executive order on artificial intelligence, President Biden is directing various federal agencies to identify the risks of the technology as well as harness the benefits.Why it matters: Regulatory and legislative changes are coming, so it's important to watch the details.
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On Tuesday, June 6, 2023, the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively, the agencies) issued the “Interagency Guidance on Third-Party Relationships: Risk Manage
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By Bernadine Reese and Jackie Sanz
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By Benjamin Kelly and Edwin OlooThe big picture: The International Organisation for Standardisation’s (ISO) new global messaging standard, ISO 20022, is set to be adopted by payment processing organisations globally by 2025.
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The results from this year's Global Technology Audit Risks Survey, conducted by Protiviti and The Institute of Internal Auditors, reveal a complex and multifaceted landscape of technology risks. Cybersecurity is the top priority and by a wide margin.
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The results from this year's Global Technology Audit Risks Survey, conducted by Protiviti and The Institute of Internal Auditors, reveal a complex and multifaceted landscape of technology risks. Cybersecurity is the top priority and by a wide margin.
