Risk & Compliance Roundup: AI Risk & Regulation, TPRM Guidance
- August 9, 2024
- Quantivate
Welcome to your weekly roundup of risk and compliance management resources, brought to you by Ncontracts.
This edition covers topics including:
- The regulatory future for AI risk management
- Third-party risk management (TPRM) guidance
- Business continuity Q&A
New from the Nsight Blog
Regulating the Future: What Financial Institutions Need to Know About AI and Regulatory Risks
Wondering how AI is reshaping the regulatory landscape for financial institutions? This article explores recent regulatory developments and guidance on managing AI risks in the financial services industry. Learn about the U.S. Treasury’s recommendations, emerging compliance challenges, and why financial institutions can’t afford to wait to address AI-related risks in their operations and third-party relationships.
Regulators Offer Up More TPRM Insights: What You Need to Know
Regulators have issued a new interagency statement on managing risks in third-party arrangements involving deposit products and services, particularly banking-as-a-service (BaaS) relationships. Explore considerations for risk assessment, liquidity management, and other TPRM capabilities that examiners will be paying attention to.
Upcoming Webinar
The Ultimate Business Continuity Q&A
Do you have questions about operational resilience and business continuity? Get answers from an industry expert at Ncontracts’ August webinar. You can submit questions in advance or during the interactive event.
Topics will include:
- Strategies for assessing and mitigating operational risk
- Regulatory expectations
- Advice for updating and testing business continuity plans
- Cyber resiliency and its role in business continuity planning
- Third-party risk management
- Common challenges
Register to reserve your seat or get access to the webinar recording after the live broadcast.