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What is the Three Lines of Defense Approach to Risk Management?

LogisManager

What is the Three Lines of Defense Approach to Risk Management? Last Updated: October 31, 2023 Recently, the FDIC unveiled new standards for financial institutions with over $10 billion in assets. Read on to learn what the Three Lines of Defense are and how you can utilize the framework to improve your risk management program.

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Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC

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Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC By Steven Minsky | May 5, 2023 Silicon Valley Bank (SVB) was closed by regulators and reminded us of the recession associated with Lehman Brothers and Washington Mutual Bank in 2008.

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Customer Value Story: Streamlining Audit Management

LogisManager

Customer Value Story: Streamlining Audit Management Last Updated: October 16, 2023 A LogicManager customer in the banking industry, despite a small auditing team, faced challenges managing audit tasks efficiently using spreadsheets.

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How Banks Can Prepare for the FDIC’s Proposed Standards

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Additionally, there will be an over-arching requirement for these banks to adopt the 3 Lines of Defense Risk Management Strategy. What Changes Can Banks Expect When delving into some of the specific changes banks can expect to see, the frequency of risk appetite statements will come into focus.

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Customer Value Story: Streamlining Audit Management

LogisManager

Customer Value Story: Streamlining Audit Management Last Updated: October 16, 2023 A LogicManager customer in the banking industry, despite a small auditing team, faced challenges managing audit tasks efficiently using spreadsheets.

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100 Data Protection Predictions from 75 Experts for 2023

Solutions Review

Solutions Review editors received 100 data protection predictions from 75 experts for 2023, part of the 4th-annual BUDR Insight Jam. In 2023, we will see more organizations reckoning with how to effectively comply with the new data privacy regulations while continuing to provide the best possible customer experience.”.

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Navigating New Data Privacy Laws: Key Considerations for Businesses in Today’s Interconnected World

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It became effective and enforceable on January 1, 2023. These amendments, known as the California Privacy Rights Act (CPRA) or Proposition 24, became effective on January 1, 2023, and are enforceable as of July 1, 2023. It became effective and enforceable on July 1, 2023.

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