Remove Account Manager Remove Authorization Remove Financial Services Remove Risk Management
article thumbnail

Geopolitics, regulations, and resilience

Fusion Risk Management

Keeping third-party risk management top of mind, building a stronger foundation of risk management, and working with and learning from industry peers were the top three agreed takeaways. Another U.S. The panel agreed that regulators are taking a more prescriptive approach to TPRM across the globe.

article thumbnail

Introducing Fusion’s New Argos Risk Integration

Fusion Risk Management

Third – party risk management (TPRM) continues to be a focus area for both regulated and non-regulated entities alike in the operational resilience landscape. The reason being that t hird parties often introduce added risk to organizations outside the scope of their direct control. .

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Preparation Continues for the Digital Operational Resilience Act

Fusion Risk Management

Operational resilience has been top of mind for regulators and financial services firms for the past few years. The old way of managing risk and resilience programs is no longer effective or efficient, and regulators have taken note. Risk Management. Supply Chain Management and Third-Party Risk.

article thumbnail

Operational Resilience in 2023: What Can We Expect?

Fusion Risk Management

and the EU operate with dedicated teams who work with the organization and local regulators to address the requirements that have been established by the Bank of England (BoE), Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA), and other EU-based authorities.

article thumbnail

The Digital Operational Resilience Act is Finalized – Now is the Time to Act

Fusion Risk Management

As such , there is an increased focus on financial institutions protecting their critical business services against disruption, so it is a logical next step for the supervisory authorities to place the burden on operational resilience on key third parties that support the financial system. . Defining a Critical ICT.

article thumbnail

TSPs: Making the Case to Invest in Risk and Resiliency

Fusion Risk Management

Even if it is difficult to use that regulatory hammer to secure funding for budget to purchase technology, this should not stop a progressive organization from using effective risk management disciplines to run their programs and serve their customers. Or, as so well articulated by the great British writer C. How Can Fusion Help? .