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How Banks Can Prepare for the FDIC’s Proposed Standards

LogisManager

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

LogisManager

Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC By Steven Minsky | May 5, 2023 Silicon Valley Bank (SVB) was closed by regulators and reminded us of the recession associated with Lehman Brothers and Washington Mutual Bank in 2008.

Banking 98
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The Blurred Lines of Data Sovereignty: Do You Really Own Your Data?

Pure Storage

Conduct data auditing: Thorough periodic audits of transmission, movements, and residency are an essential first step for ensuring compliance. Larger organizations are likely to have advanced tools, including intelligent storage and data fabric software that provide continuous visibility into data operations and generate audits.

Audit 52
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Operational Resilience for Financial Services: A Perspective from the U.S.

Pure Storage

FFIEC is an interagency body composed of the heads of the five federal banking agencies: the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the Consumer Financial Protection Bureau. While the U.S.

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TSPs: Making the Case to Invest in Risk and Resiliency

Fusion Risk Management

A bottom-up approach occurs when teams are issue spotting via speaking up about issues that they are encountering, control testing, or remediating audit findings. Ability to Procure Cyber Insurance. Contractual Obligations.

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The Best Risk Management Software to Consider for 2021 and Beyond

Solutions Review

Description: Archer IT & Security Risk Management enables users to document and report on IT risks and controls, security vulnerabilities, audit findings, regulatory obligations, and issues across their technology infrastructure. Platform: Archer IT & Security Risk Management. Fusion Risk Management. Platform: HighBond.

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The Best Governance, Risk, and Compliance Software to Consider

Solutions Review

Description: AuditBoard is a cloud-based GRC offering that includes a suite of risk, audit, and compliance tools. With the platform, users can conduct internal audits, manage risks, optimize workflow efficiency, maintain SOX compliance, and manage controls. Fusion Risk Management. Platform: Fusion Framework System.