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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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Bridging the Gap: How Risk Managers Empower Boards

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Bridging the Gap: How Risk Managers Empower Boards Last Updated: April 5, 2024 Welcome to the first installment of our series on presenting Enterprise Risk Management (ERM) to the board. Increased Pressure for ERM Reporting The landscape of Enterprise Risk Management (ERM) reporting is experiencing a significant shift.

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Thinking Forward: Enterprise Risk Management for 2024 & Beyond

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Thinking Forward: Enterprise Risk Management for 2024 & Beyond Last Updated: January 12, 2024 Going into 2024, practitioners and managers of Enterprise Risk Management programs are under more pressure than ever. Also, this allows management and board members easier access to data for informed decision-making.

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Strategic Risk Management

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Strategic Risk Management Last Updated: December 19, 2023 Strategic Risk Management (SRM) is integral to navigating the complexities of today’s business landscape and securing long-term objectives. What Is Strategic Risk Management? What Is Enterprise Risk Management (ERM)?

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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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