Ransomware Attacks Ramp Up
With ransomware attacks increasingly targeting significant infrastructure providers, it’s critical for banks to be prepared.
Browsing: Risk management
FBI Warns of Ransomware Attacks Targeting Agriculture Sector
The FBI recently released an alert warning that ransomware attacks targeting the food and agriculture sector are disrupting operations, causing financial losses and harmfully impacting the food supply chain.
A Model Transition? Surveying Banks’ Post-Libor Rate Choices
As the Libor endgame continues to count down, what rates are America’s large and midsize banks planning to adopt to update their risk models?
Pandemic Reshapes Banks’ Internal Risk Response
Even the best employee can do or say something that could put their company in a difficult position, and COVID makes conduct and internal risk issues even more acute.
FSB Outlines Next Steps on Climate Risk Disclosures, Tackles Climate ‘Data Gaps’
As the annual summit of G20 finance ministers and central bank governors kicks off in Italy today, the Financial Stability Board released its roadmap for global regulatory coordination on climate-related financial risks.
FFIEC Issues New Booklet on IT Architecture, Infrastructure, Operations
The Federal Financial Institutions Examination Council today issued a new booklet providing guidance to help examiners assess the risk profile and adequacy of an entity’s information technology architecture, infrastructure, and operations.
Modeling Corporate Credit Climate Risk
Amid discussion by regulators and bankers of climate risk metrics, researchers propose a bottom-up approach for corporate credit climate stress.
ABA Urges Additional Clarity on Model Risk Management for BSA/AML Compliance
The American Bankers Association filed comments today urging the federal banking agencies and the Financial Crimes Enforcement Network to provide additional guidance on how the 2011 “Supervisory Guidance on Model Risk Management,” or MRMG, works in conjunction with Bank Secrecy Act/anti-money laundering and Office of Foreign Assets Control compliance.
Understanding the Biden Administration’s Cybersecurity Executive Order
New standards for vendors may ease banks’ due diligence responsibilities.
Podcast: Risk Management with the Customer in Mind
Nicole Kitowski started her career at Associated Bank as a teller in high school. Nearly three decades later, she brings that experience on the front lines to her role as Associated’s chief risk officer.