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Operational Resilience for Financial Services: A Perspective from the U.S.

Pure Storage

by Pure Storage Blog As the global financial ecosystem has become more digital, complex, and interconnected, regulators and business leaders have recognized the vital importance of operational resilience (OR) to ensure the availability and integrity of global financial markets. Audit and reporting: While OR regulatory programs in the U.S.

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TSPs: Making the Case to Invest in Risk and Resiliency

Fusion Risk Management

Closely tied to those values are programs that enhance an organization’s operational risk management, compliance, and governance procedures; ESG (environmental, social, and governance) ; and reputation and perception in the market. Ability to Procure Cyber Insurance. Contractual Obligations.

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The Best Risk Management Software to Consider for 2021 and Beyond

Solutions Review

Solutions Review’s listing of the best risk management software is an annual mashup of products that best represent current market conditions, according to the crowd. Description: HighBond is an end-to-end platform that brings together security, risk management, compliance, and audit professionals. Fusion Risk Management.

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The Best Governance, Risk, and Compliance Software to Consider

Solutions Review

Solutions Review’s listing of the best governance, risk, and compliance software is an annual mashup of products that best represent current market conditions, according to the crowd. Description: AuditBoard is a cloud-based GRC offering that includes a suite of risk, audit, and compliance tools. Fusion Risk Management.

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Internal Controls & Fraud Prevention

Reciprocity

The goal is to paint a false picture of the organization’s financial performance, usually to boost the company’s market value or attract new investors. For example, all activities related to financial record-keeping, authorization, reconciliations, and reviews should be divided among different employees. Internal Audits.

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

LogisManager

ERM seeks to identify possible risks by asking forward-looking questions like “Will the market be the same in 9 months from now? ” Despite clear market shifts towards higher interest rates, SVB sampled quarterly with no further action, assuming their controls were sufficient. What are the observations of front-line employees?

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What is Vendor Risk Management (VRM)? The Definitive Guide

Reciprocity

Because market circumstances and technology are continually evolving, companies must reevaluate their old vendor management procedures to address new risks. A business has thoroughly planned, authorized, and formed risk management activities, but those elements are not fully implemented due to lacking metrics and enforcement.