Tag:
Risk Management
Latest Headlines
Latest Headlines
Creating a board risk committee
The idea of a board risk committee has gained currency as of late.
In the banking industry, such a committee may soon be required. While quite a few companies have moved to set up such committees, many are still getting by with the risk governance function tucked into the audit committee’s por
Big Data could prompt rethinking of IT compliance
When people talk about Big Data, many are quick to extol the virtues of the technology in terms of GRC, especially the risk management and compliance planks.
Intuitively, there would appear to be a lot of synergies. At financial companies, the core concept is that a company would able to track
Big Data: The future of risk management and compliance
When you boil risk management down, the essential input is data. And there’s more data being created and stored every day.
In fact, there’s so much data in corporate systems that people are agreeing that traditional tools and storage techniques are starting to creak under the sheer volum
BYOD trend highlights security gains
Managers once recoiled at the idea of employees using their personal phones to connect to the corporate network.
But that fear seems almost quaint at the many companies that have embraced the BYOD trend. The Bring-Your-Own Device movement has been heating up, drawing more companies to the band
More GRC deals in 2012
For the last few years, we’ve seen a lot of deals involving GRC software companies, often featuring big players snapping up smaller, more niche-oriented companies.
In 2012, we’ve already seen one deal. SAI Global, based in Australia, has announced that it will acquire Compliance 360, a provide
More aggression needed on internal probes
Companies these days have an incentive to be more aggressive when it comes to internal investigations.
The fact remains that regulators, including the SEC, are likely to look favorably on internal attempts to uncover, report and remediate fraud. So the best offense in many ways is a good defen
GRC software priorities
Not too long ago, the onset of tight budgets sparked a lot of worry at companies about how the internal investment dollars would be divided up.
The debate raged about whether to fund existing programs or invest in new ones. The conventional wisdom was that compliance and risk management projec
Low job satisfaction for compliance officers
Compliance has been a big deal for years, ever since Sarbanes-Oxley passed into law in 2002.
For several years, the compliance officers were riding high, at least on the surface. They were said to be in heavy demand, impervious to the recession. Lots of compliance employees were hired an
Fed proposal holds big surprises
The 173-page proposal from the Federal Reserve issued this week contained some surprises.
Chiefly, the Fed has proposed new limits that could restrict business between big institutions. The net credit exposure between two systemically significant banks would be capped at 10 percent of a compan
Banks brace for Fed's stress test
In compliance with Dodd-Frank, the Federal Reserve will soon subjecting banks to its Comprehensive Capital Analysis and Review (CCAR) program, which amounts to stress tests.
The goal is to find out just how well positioned banks are against economic weakness and market shocks and determine whe
