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In this world nothing certain death and taxes

OCC: Operational Risk Remains Elevated

The only certainties in life are death and taxes, the saying goes, but I can think of one more thing: risk. Even as we work to mitigate risks, new ones are constantly emerging. Or, as is the case with cyber risk, old controls become less reliable as fraudsters find ways around them. The Office of

dust check due diligence

Due Diligence 101: Are On-Site Visits Required?

How do you conduct an on-site third-party vendor review? It’s a hot topic at conferences and online. It’s also the wrong question. Instead of asking how to conduct an on-site review, bankers should be asking if they even need to conduct an on-site third-party vendor review. That’s because the answer in a large number of


Creating Value with A Culture of Risk Management

Many bankers think the concept of a “risk management culture” is thought exercise. It’s the kind of psychobabble that takes up time that could be dedicated to more important business activities. That couldn’t be further from the truth. A strong risk management culture is all about leadership, and that leadership creates value. Financial service companies


GAO Grades Regulatory Agencies on Risk Management Supervision

It’s no secret that poor risk management at large financial institutions, including at the board level, helped bring about the last financial crisis. Since then regulatory agencies have developed new policies and procedures to address risk management and other weaknesses. Recently the U.S. Government Accountability Office (GAO) investigated banking agencies’ supervision of large banks and

trees forest

Wishing for More Regulatory Tailoring? You’ll Love Risk Management

In a world where bankers feel overwhelmed and disadvantaged by a seemingly one-size-fits-all regulatory environment, there remains one place where a financial institution has the freedom to do things its own way. It’s a place where best practice dictates that a financial institution’s size, business lines, geography, and complexity be the deciding factor in how

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NGAGE 2019
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