7 Top considerations to monitor and manage Cyber Risk.
4 Steps to develop and maintain an Effective Fraud Risk Management Program.
CyberSecurity is the biggest risk, what are the influences and considerations that come into play.
Cyber risks pose a huge threat to every financial institution. Firms that take the time to understand the various cyber threats, and that adopt the proper cybersecurity principles, can certainly mitigate these risks.
4 Components of an Effective Culture Risk Framework.
Fraud is all around us, grabbing the headlines every single day, highlighted by recent scandals at Latvia’s ABLV Bank and India’s National Bank of Punjab. Fraud is a high impact, low-probability risk with the potential to destroy a firm’s integrity and reputation very quickly.
Many firms focus on the low probability nature of fraud, and consequently fail to employ both resources and structure to address this risk. A typical fraud risk management framework includes the following components: governance, assessment, strategy and evaluation.
Let’s now take a look at four steps a firm can take to develop and maintain an effective fraud risk management program:
What does IFRS9 teach us about CECL?
Culture & Governance » Conduct & Ethics
Stay ahead of the game: do not wait to be told to implement a risk-savvy culture by a regulator or governing body. Combined with a healthy culture, good risk documentation can save time, money and energy. But how can this be implemented?
Tuesday, October 03, 2017 By John Thackeray
12 Step approach for a GDPR Risk Management Framework.
The introduction of IFRS9 is a sea change for credit impairment. The lessons learnt by implementation and education should offer a footprint for organizations that should address CECL in the US. Read my latest blog
Why It’s Important to Document the Needs of Risk Management?
The greatest risk has yet to come: “Failure to comply with "GDPR”.
On 4 May 2016, the General Data Protection Regulation "GDPR”, now numbered Regulation 2016/679, was published in the Official Journal of the EU.. It will not apply until the 25 May 2018.
Be smart make sure you have Risk Documentation that is current, objective and actionable.
Good documentation is a prerequisite in the successful implementation of risk management, acting both as a delivery and message mechanism.