2023 was indeed a poster year for disruptions. Evolving bank regulations and supervision will drive banking and financial services firms to tread consciously in 2024. Let’s explore the latest banking and supervisory regulations impacting banking and financial institutions’ governance, risk, and compliance (GRC) agenda this year. Basel III Endgame: Post the 2009 financial catastrophe,… Continue reading Bank Regulation and Supervision Increases in 2024: Regulators Announce New Proposals
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Category: Governance Risk Compliance
5 Compliance Goals of Every Compliance and Risk Leader in 2024
Heightened expectations for transparency and accountability will keep compliance leaders on their toes throughout 2024. There are many storms to weather, thanks to evolving regulations, environmental and climate concerns, as well as rapid tech advancements. Chief Compliance Officers (CCOs) want to reiterate that getting too complacent is not in their vocabulary while working towards their… Continue reading 5 Compliance Goals of Every Compliance and Risk Leader in 2024
Plan Your Firm’s Data Governance Framework: New Trends Await in 2024!
2023 was indeed an insightful year for data owners and data processors. Effective data governance guarantees data integrity and drives better decision-making and business outcomes. During December 2023, the monthly data analysis from a global IT governance research study found nearly 1,351 publicly disclosed security incidents. They also found 2,241,916,765 records breached. By January 2024,… Continue reading Plan Your Firm’s Data Governance Framework: New Trends Await in 2024!
Highlights from the COP28: The Future of ESG Reporting
Climate changes made sustainability the global catchphrase. However, the hope of reaching zero emissions and transitioning out of fossil fuels still stands reasonable and realistic. Recently, more than 2,400 individuals connected to fossil fuels registered for the 2023 United Nations Climate Change (COP28) in Dubai, UAE. The COP28 is one of the biggest global climate… Continue reading Highlights from the COP28: The Future of ESG Reporting
A Guide to Model Risk Governance
The world survived turmoil from geopolitical shifts, soaring inflation, great resignation, and three years of compounding crises from the COVID-19 pandemic. There is no escape for businesses across industries from the state of ‘permacrisis’ or extended periods of instability and insecurity. Most model-reliant businesses in banking, financial services, and insurance (BFSI) are predisposed to intermittent… Continue reading A Guide to Model Risk Governance
Keep Up with 2024’s Top Data Privacy Trends with OpenPages Data Privacy Management
Did you know last year, there were about 4,100+ data breaches, accounting for 22 billion publicly exposed records? Another research predicts that by the end of 2023, the global cost of cybersecurity would reach $10.5 trillion! It is evident that cybersecurity and privacy trends go hand in hand with technological innovations. At the dawn of… Continue reading Keep Up with 2024’s Top Data Privacy Trends with OpenPages Data Privacy Management
IBM Watsonx: An AI Value Creator for Accelerating Your Firm’s AI Governance (Part 2)
Previously, in our IBM Watsonx blog series, we explored the components within the IBM Watsonx and Watsonx.governance and the foundational aspects that make it a value-creator for exercising AI governance. In this blog, we examine IBM’s point of view on prioritizing AI ethics and what leaders should know about IBM’s commitment to building Responsible AI.… Continue reading IBM Watsonx: An AI Value Creator for Accelerating Your Firm’s AI Governance (Part 2)
IBM Watsonx: An AI Value Creator for Accelerating Your Firm’s AI Governance
Generative artificial intelligence, or GenAI, is now a global phenomenon. Leaders and decision-makers of enterprises creating this transformative technology strive to understand ways to govern, deploy, and ethically manage workflows and roles across the AI lifecycle. Enter IBM Watsonx, the next-gen AI and data platform to build meaningful and explainable AI. Tech leaders across industries… Continue reading IBM Watsonx: An AI Value Creator for Accelerating Your Firm’s AI Governance
IBM OpenPages Risk Management for ESG Helps Corporate Leaders Understand their Firm’s ESG Risks
IBM OpenPages with Watson is an integrated risk management platform built to help organizations stay on top of their ESG goals. Organizations whose board members and executive leadership are far behind in their grasp of ESG risks can leverage the tool to quickly adapt to the latest ESG reporting framework! The term environmental, social, and… Continue reading IBM OpenPages Risk Management for ESG Helps Corporate Leaders Understand their Firm’s ESG Risks
How Important is an ESG Score for BFSI Firms?
The rapid globalization and technological evolution over the last decade have led to a drastic increase in trade flows and per capita income among developed and developing nations. The macro impacts of these developments are evident in our environment, with the use of natural resources and climate change ultimately driving the urgency for collective sustainability… Continue reading How Important is an ESG Score for BFSI Firms?