Remember the March turmoil from the collapse of Silicon Valley Bank (SVB)? It was a rude awakening for the global banking and financial services industry, stirring regulatory actions to tighten the interest, liquidity, and credit risk management practices. Large banks crimped their lending practices and were ordered to load up reserves to build resilience and… Continue reading GenAI for Risk and Compliance in Banking & Financial Services
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Tag: Banking Regulations
Seven Valuable Lessons on Third-party Risk Management
Recently, a leading bank made headlines for suffering a massive third-party data breach that compromised tens of thousands of its customers’ personal data. Third-party associations help banking and financial institutions deliver innovative solutions and products to cater to customer demands. Often, third-party alliances are risky and, therefore, require a highly responsive and resilient third-party risk… Continue reading Seven Valuable Lessons on Third-party Risk Management
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