Tag: risk management

Examiners Will Be Focusing on Your Institution’s Riskiest Areas. Do You Know What They Are?

In the FFIEC Press Release, dated 11/27/2018, the Federal Financial Institutions Examination Council (FFIEC) provided a more formal idea of…

You Got SOC Questions? We Got SOC Answers!

Did you miss our recent webinar, "How to Leverage SOC and SSAE 18 Reports Throughout Every Department of Your Financial…

OFAC, Cyber Risk & Third-Party Vendors: What You Need to Know

Bankers know they shouldn’t do business with parties sanctioned by the Office of Financial Assets Control (OFAC). That doesn’t just…

Are You Ready for the Next Economic Downturn?

A cautionary tale for the relatively new risk managers who missed the Great Recession Were you working in risk management…

Coming to a GSE Near You: Better Third-Party Risk Management via FHFA Guidance

After the housing crisis, Fannie Mae, Freddie Mac and the Federal Home Loan Banks were largely focused on credit and…

Sharing BSA Resources with Another Institution? Third-Party Vendor Management Rules Apply

Regulators have given financial institutions a green light for sharing Bank Secrecy Act (BSA) resources in some situations, but proper…

Monkey Business: What Two Gambling Monkeys Can Teach Us About Risk

Did you hear the one about the monkey gambling for drops of juice in a casino? It’s not a joke…

Ammo for the Budget Battle: 7 Reasons Why Risk Management Delivers ROI

Fall is in the air and so are spreadsheets. That means just one thing: it’s budget time. If you’re lucky,…

OCC: Cybersecurity, Commercial/Retail Credit & BSA Will Be 2019’s Top Supervisory Priorities

Risk and cybersecurity remain top supervisory priorities at the Office of the Comptroller of the Currency (OCC) for a second…

7 Things You Need to Know Before Buying Cybersecurity Insurance

Cybersecurity insurance, also known as cyber risk insurance, cyber liability insurance or data-breach liability insurance, helps an institution recover from…