About: Christine Thomas
This author has not yet filled in any details.5 Considerations for Banks Implementing AI-Powered Solutions in Compliance Management Process
Regulatory bodies create and supervise the compliance rules that are mandatory for banks and other financial institutions. It is critical for organizations to strictly abide by these regulations. Noncompliance can ...
How Banks Can Develop an Effective Framework for IT and Cyber Risk Assessment
Cybersecurity and IT risk management have become quite critical for modern banking operations. Increasing reliance on technology has brought in a new era of convenience and efficiency for customers, allowing them to utilize banking se...
Top 6 Foremost Practices for Effective Third-Party Risk Management
The importance of effective third-party Risk Management (TPRM) must be addressed in the current era, where financial organizations' ecosystems are progressively becoming interdependent and complex. The EY Global Third-Party Risk Man...
The Regulatory Change Management Process: A 2026 Framework for Finance
Global financial regulators issued more than 230 regulatory updates a day in 2022, according to Thomson Reuters Regulatory Intelligence. Basel III Endgame implementation, the CFPB's evolving Section 1071 smal...
Managing Static Reporting Requirements with a Dynamic Regulatory Change Management Process
In the current financial environment, regulatory compliance stands as a foundation stone. As organizations navigate their ways, they are continuously challenged to adjust to changing regulations. The regulatory change management pro...
How to Build Digital Risk Insights for Successful Risk Management
In the current, swiftly evolving digital environment, every click, swipe, and tap produces valuable data. As we live on the cusp of digitalization, financial enterprises are at a crossroads. On one side, there is the temptation of h...
How Internal Audit and Risk Management Work Together
Internal audit and risk management work together by splitting risk management as a second-line function and internal audit as the third line so assurance covers every material risk without duplicated work. This ar...
10 Compliance Management Framework Considerations for 2026
The pace of regulatory change in 2026 has not slowed for banks and credit unions. The CFPB's Section 1033 personal financial data rights rule, finalised in October 2024, is moving through its phased complia...
Enhancing ERM Through the Effective Use of KRI Risk Management
According to AuditBoard, only 37% of risk leaders are confident their assessments capture all key risk drivers. This points to inefficient frameworks being used to measure risk within organizations. Enterprise risk management (ERM) ...
Important Aspects of the CFPB Regulation Section 1071 Rule Compliance
In the ever-challenging world of financial regulation, one new rule is capturing attention and making waves for financial enterprises: Section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. But what story revo...