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How Banks Can Prepare for the FDIC’s Proposed Standards

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In what is seen as a significant shift, the Proposed Standards will move away from the reliance on state law in favor of establishing governance and oversight obligations for banks. The first line of defense, typically the business units, can use the software to conduct risk assessments, document risks, and develop mitigation plans.

Banking 98
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Thinking Forward: IT Governance & Cybersecurity for 2024 & Beyond

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Successful leaders in the IT Governance space will proactively identify and mitigate threats before they can be exploited. Download eBook Regulatory Compliance Expertise Corporate governance is playing a more critical role in risk management than ever before.

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Strategic Risk Management

LogisManager

This comprehensive guide provides insights into the proactive processes of identifying, assessing, and mitigating risks associated with strategic decisions. Strategic risk management is a process designed to identify, assess, and mitigate potential internal and external risks associated with strategic decisions.

Strategic 105
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What is the Three Lines of Defense Approach to Risk Management?

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The proposed standards emphasize a stronger corporate governance and include an over-arching requirement for these banks to adopt the Three Lines Model. This includes business units, departments, and individuals directly responsible for managing and executing processes and activities that generate risk.

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How ERM Can Save Your Business from Remote Work Disasters

LogisManager

There is a line of thought that corporate workers, remote or onsite, are prone to laziness, shortcuts, and misrepresentation of their activities, all for the pursuit of their inherently selfish needs. Leaders need to pivot from merely ensuring employees are present to actively assisting them in prioritizing outcomes over outputs.

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How ERM Can Save Your Business from Remote Work Disasters

LogisManager

There is a line of thought that corporate workers, remote or onsite, are prone to laziness, shortcuts, and misrepresentation of their activities, all for the pursuit of their inherently selfish needs. Leaders need to pivot from merely ensuring employees are present to actively assisting them in prioritizing outcomes over outputs.

article thumbnail

Strategic Risk Management

LogisManager

This comprehensive guide provides insights into the proactive processes of identifying, assessing, and mitigating risks associated with strategic decisions. Strategic risk management is a process designed to identify, assess, and mitigate potential internal and external risks associated with strategic decisions.