Tag: operational risk

The Office of the Comptroller of the Currency (OCC) has announced additional steps aimed at supporting community banks by reducing unnecessary regulatory burden, while...

Many financial institutions still manage regulatory compliance with processes that are slow, labour-intensive and increasingly difficult to sustain. Compliance teams often describe a constant...

AI in financial services is no longer a “nice to have”. Boards are asking where it can reduce cost and improve decision-making, executives are...

Financial crime risk assessments are often discussed as exercises in methodology: the right framework, the right scoring model, the right template. But the real...

Financial crime risk assessments are ultimately defined less by frameworks, software or governance documents and more by the people who contribute to it. While technology...

Banks operate in one of the most heavily regulated environments globally, with compliance teams under growing pressure to keep pace with regulatory change, supervisory...

A more fractured global order is fundamentally changing how financial crime risk emerges, spreads and hides. Rising geopolitical rivalry, diverging regulatory regimes, fractured supply...

Reputational risk has long shaped how the U.S. financial system approaches supervision, governance, and customer trust. For decades, the concept served as a wide-ranging...

Financial institutions are operating in an era where FATCA and CRS reporting standards are no longer new, optional, or forgiving. Regulators expect precision, customers...

Financial institutions continue to underestimate how frequently they breach global tax reporting rules, with many falling short of their obligations under FATCA and CRS...