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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. Among the areas expected to see change within compliance management of these banks will include obligations, board composition, duties, and committee structure.

Banking 98
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Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC

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Following the Great Recession, regulators began requiring enhanced disclosure about risk and corporate governance. This role is important in corporate governance and complements the role of the Chief Risk Officer. ” You can outsource the activity to the vendor but not the risk.

Banking 98
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Why Buying SaaS GRC Software Is a Smart Investment

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But developing, implementing and maintaining a robust corporate governance, risk management and regulatory compliance program requires resources. As opposed to on-premise solutions that require appropriate internal resources for installation and maintenance, SaaS providers perform these activities for you.