Reporting and GovernanceRSS
Jack Pilkington

First line of defence 'must take the lead' on risk controls

Financial institutions should review their approach to internal control functions in light of the increasing and evolving demands being placed on them, according to a new report from Deloitte. 

Luke Carrivick

Accelerating the digitalisation of operational risk

The financial services landscape has changed drastically in recent years, with digitalisation accelerated by the Covid-19 pandemic. Despite this rapid shift, the digitalisation of operational risk still has to catch up.

Chris Mullan

To unlock automation in financial services first focus on data extraction

The senior vice-president product at Eigen Technologies, a platform that provides automated data extraction and processing solutions, suggests an upfront focus on fundamental weaknesses in existing data will lead to better outcomes when seeking to improve organisational efficiency and effectiveness via new data solutions.

EI photo

Three lessons for risk managers and regulators from SVB’s collapse

The spectacular collapse of Silicon Valley Bank (SVB) has reverberated throughout the US financial markets and beyond. While the fallout continues to be assessed, there are already some valuable lessons to be drawn for risk managers and regulators argues Evgueni Ivantsov, chairman of the European Risk Management Council.

GET ESG laggard v leader

Inconsistent ESG ratings due a regulatory shake-up

The use and influence of ESG ratings has grown considerably in recent years, but regulators are concerned about how reliable these metrics really are. 

Marshall Choy

How AI can help banks minimise their exposure to fines and penalties

AI is transforming risk management across all areas of financial services, demonstrating measurable risk impacts in credit, portfolio, market, fraud and underwriting.

FINMA tells banks to establish frameworks for managing climate risk

Banks and insurers operating in Switzerland are expected to establish frameworks for managing climate risk based on established practices and relevant to their individual businesses.

ESMA advises use of DTIs as part of its digital asset reporting pilot

Market participants are being advised to use digital token identifiers (DTIs) by the European Securities and Markets Authority (ESMA) in relation to its reporting pilot for digital assets.

Hester Peirce

SEC climate disclosure rules unlikely to be effective, suggests commissioner

With the US Securities and Exchange Commission (SEC) due to publish its final climate disclosure rules in April this year, commissioner Hester Peirce shares her views about its proposed approach in an exclusive interview with Global Risk Regulator.

Federal Reserve Board issues 'level playing field' policy statement, addressing uninsured state banks discrepancy

The Federal Reserve Board (FRB) has published a new policy statement “to promote a level playing field for all banks with a federal supervisor, regardless of deposit insurance status”, prompted by queries from state member banks about undertaking new activities, in areas such as crypto assets.