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Understanding ESG Materiality & its Importance in Sustainability Reporting

In a recent PwC survey, 76% of consumers said they would cease associating with brands and companies that treat employees, communities, and the environment poorly. Growing consumer awareness of environmental, social, and governance (ESG) components demands more actions towards ESG materiality assessments from businesses. ESG materiality assessments are iterative and unique to every business and… Continue reading Understanding ESG Materiality & its Importance in Sustainability Reporting

Bank Regulation and Supervision Increases in 2024: Regulators Announce New Proposals

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

How to Streamline Your Regulatory Compliance Process in the Insurance Industry

The insurance industry is amongst the most heavily-regulated industries, perhaps only behind the financial sector when it comes to the sheer number of regulatory bodies and the pervasiveness of the regulations that they are required to follow. Streamlining your regulatory compliance process in the insurance industry can be challenging, especially when you consider the dynamic… Continue reading How to Streamline Your Regulatory Compliance Process in the Insurance Industry

Streamlining Banking Risk Management: The Benefits of Implementing a Risk Management Software

Of all business sectors and industries, business leaders in the financial sector and banking space are confronted with some of the most complex risk management considerations. Banks, credit unions, lenders, and other financial service providers are frequently targeted by criminals — especially cybercriminals — due to the many areas of vulnerability that exist within banks… Continue reading Streamlining Banking Risk Management: The Benefits of Implementing a Risk Management Software

The Importance of Compliance for Financial Services Providers?

Companies specializing in financial services are subject to strict regulatory oversight. In fact, aside from the healthcare space, the financial sector is one of the most highly-regulated industries in existence. Compliance is extremely important for financial services providers because non-compliance can spell major trouble, resulting in major monetary fines and even legal penalties.  Compliance for… Continue reading The Importance of Compliance for Financial Services Providers?

Mitigating Compliance Risks in the Banking Industry in 2023

The banking industry and the greater financial sector face a host of legal and regulatory compliance risks, with a handful of new threats arising in 2023. Regulatory bodies and organizations involved in financial sector oversight are routinely issuing new directives and imposing new requirements that are designed to elevate bank accountability and improve the industry… Continue reading Mitigating Compliance Risks in the Banking Industry in 2023

Everything You Need to Know About Regulatory Reporting for Financial Institutions

  Regulatory compliance is a very real concern for financial institutions and other companies within this industry. Subject to some of the world’s most stringent oversight, business leaders in the financial sector must navigate a complex regulatory landscape with numerous requirements for achieving compliance. What’s more, companies that operate within this business space rely upon… Continue reading Everything You Need to Know About Regulatory Reporting for Financial Institutions

What are the Top Regulatory Compliance Concerns for Financial Services Companies?

Financial services providers are subject to stringent regulatory oversight and as such, compliance is a major concern that must be addressed as business leaders develop their organization’s risk management strategies.  To effectively address Regulatory compliance concerns, financial services providers must have a solid understanding of their regulatory compliance requirements. Once these issues are identified, business… Continue reading What are the Top Regulatory Compliance Concerns for Financial Services Companies?

What is Financial Regulatory Compliance?

Regulatory oversight affects virtually every industry and business space to some degree, but there are a handful of industries that are subject to extremely stringent oversight. This includes the financial sector, which stands alongside the healthcare space as one of the most highly-regulated areas of business. Regulatory compliance has a significant impact on a company’s… Continue reading What is Financial Regulatory Compliance?

How to Avoid the Complete Breakdown of SOX Compliance Requirements

    Avoiding the complete breakdown of SOX compliance requirements is critical for organizations. The challenges associated with the Sarbanes-Oxley Act of 2002 are numerous, complex, and often include high costs.  Section 404 of SOX Compliance is particularly challenging as it places the responsibility on management to maintain internal controls for financial reporting and requires… Continue reading How to Avoid the Complete Breakdown of SOX Compliance Requirements