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
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Tag: BFSI
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
Final Rule Announced for SEC Climate-related Disclosures: What’s New in 2024
The world economy has reached a fair turning point after several long-drawn discussions about the impact of climate-related risks on investments. Recently, in the first week of March, the U.S. Securities Exchange Commission (SEC) announced a final rule to enhance and standardize climate-related disclosure for investors. The new amendments to the SEC climate-related disclosure rule… Continue reading Final Rule Announced for SEC Climate-related Disclosures: What’s New in 2024