Chief risk officers (CROs) working in the financial services industry are feeling the pressure of operational disruptions, an evolving risk landscape, and economic uncertainty, amid other challenges, according to research from McKinsey & Company. Risk & Compliance Focus Areas for Bank CROs The survey of bank CROs identified several topics that are top of mind for risk executives now and in the near term. Climate Risk and Regulation: 92% of CROs predicted that climate…
The April Regulatory Compliance Briefing includes recent alerts, advisories, and pending actions and alerts to be aware of this month. (more…)
Cybersecurity is one of the fastest-growing priorities for organizations, as concerns over the risk of security breaches coupled with rising compliance obligations leave leaders scrambling to improve their security posture and cyber resilience. Cybersecurity has gained significant prominence within the world of governance, risk management, and compliance (GRC) due to the constantly evolving landscape of cyber risks and threats. A recent survey conducted by the Institute of International Finance and EY found that 72%…
Making Headlines The home appraisal process made national headlines in 2008 during the Great Recession, as analysts pointed to the role appraisers allegedly had in the upward spiral of property values. Mortgage lenders rely on independent appraisal reports to help them make sound underwriting decisions. Lenders routinely request a licensed real estate appraiser to provide an objective opinion on the market value of the property being purchased by the borrower. Following a visit to…
The March Regulatory Compliance Briefing includes advisories and pending actions and alerts to be aware of this month. (more…)