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The Role Corporate Governance Plays in Risk Management

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The Role Corporate Governance Plays in Risk Management Last Updated: June 4, 2024 As an auditor, compliance officer or risk manager, you’re used to balancing the delicate processes that impact your company’s performance.

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

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What is the Three Lines of Defense Approach to Risk Management? The proposed standards emphasize a stronger corporate governance and include an over-arching requirement for these banks to adopt the Three Lines Model. This includes risk management, compliance, and internal control departments.

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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. Failing to implement an ERM program under these circumstances is negligence.

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How Banks Can Prepare for the FDIC’s Proposed Standards

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In what is seen as a significant shift, the Proposed Standards will move away from the reliance on state law in favor of establishing governance and oversight obligations for banks. Among the areas expected to see change within compliance management of these banks will include obligations, board composition, duties, and committee structure.

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What Are Barriers in Risk Management?

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Enterprise risk management (ERM) can be a challenging endeavor – but a rewarding one, too. That said, numerous barriers to effective ERM can exist within a corporate organization. To reap the full benefits, risk management teams must understand what those barriers are, and the techniques you can use to overcome them.

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What Are Barriers in Risk Management?

Reciprocity

Enterprise risk management (ERM) can be a challenging endeavor – but a rewarding one, too. That said, numerous barriers to effective ERM can exist within a corporate organization. To reap the full benefits, risk management teams must understand what those barriers are, and the techniques you can use to overcome them.

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The Relationship Between Internal Controls and Internal Audits

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Any modern organization looking to navigate today’s risk environment successfully needs both strong internal controls and ongoing internal audits. This guide aims to eliminate that confusion by explaining the meaning and importance of internal controls and internal audits. What Are Internal Audits?

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