FSB Flags Third-Party Risk in New Consultation Paper
The Financial Stability Board today issued a paper on outsourcing and third-party risk management.
Tag: Risk management
OCC: Pandemic, Low Rates Shape Risk Environment for Banks
The response to the coronavirus pandemic continues to shape the risk environment for banks, according to the OCC’s Semiannual Risk ...
CFTC Finalizes ABA-Advocated Relief on Swap Clearing for BHCs, S&LHCs
The Commodity Futures Trading Commission today finalized a rule that exempts from clearing requirements certain swaps entered into by financial ...
NYDFS Outlines Expectations for Managing Climate Risks
The New York Department of Financial Services today issued a letter to state-regulated financial institutions outlining the department’s expectations for ...
Basel Committee Considering Climate Risk Assessment Techniques
The Basel Committee on Banking Supervision is considering the use of stress tests, heat maps and scenario analysis to gauge ...
Staying Ahead of the Criminals: Fighting Money Laundering in a Global Pandemic
By implementing a few changes, banks’ financial crime and compliance teams can become more agile, efficient and effective in a ...
Is Banking on Lawyers a Formula for Success?
Lawyers now occupy seats on three-quarters of U.S. bank boards, and new evidence suggests their rapid rise is linked to ...
Treasury Issues Ransomware Advisories as Part of Cybersecurity Awareness Month
The Treasury Department issued a pair of advisories today as part of Cybersecurity Awareness Month, to help combat ransomware as ...
OCC Outlines Supervision Priorities for 2021
The OCC today released its bank supervision operating plan for fiscal year 2021, identifying what each of the agency’s supervisory ...
New York Fed’s Held: ‘Libor Countdown Has Not Stopped’
Despite the pandemic, financial institutions should not expect a delay in the Dec. 31, 2021, date when publication of the ...
