Report Management

What are Best Practices for Hotline Reporting?

In the days before the Sarbanes-Oxley Act (SOX), a hotline reporting program was often viewed as a luxury rather than a necessity. However, in the 12 years since the law passed, the anonymous hotline has become an essential part of any successful ethics and compliance program. Hotlines have become a critical means for detecting any kind of misconduct within [...]

Why Hotline Reporting Matters

Attention to ethics in the workplace and the demand for ethics and compliance regulations gained momentum as a result of several highly publicized corporate accounting scandals that occurred in the early 2000s, most notably those involving Enron, Tyco and WorldCom. In the wake of these financial debacles, public outcry demanded that the federal government st [...]

Why you Should Manage Tomorrow’s Surprise Today

Even though reports state that more than 65% of organizations have adopted Enterprise Risk Management, many executives remain unimpressed and skeptical of the value their ERM programs are providing versus what is needed.A report by APQC finds that fewer than 1 in 5 executives say their companies are effectively managing emerging risk, and the report's a [...]

Cutting Compliance Costs and Making Regulatory Management More Efficient Amidst Rising Regulatory Scrutiny

As compliance professionals, we are constantly trying to balance compliance and risk headcount needs with available resources ($) due to the constant and significant increases in the regulatory environment. More often than not, the cost center nature of compliance drives our institution's executive management to reject additional requests for headcount due t [...]

Perspectives: Automation and Banking

AutomationWhat comes to mind when you hear the term 'automation'? Do you ever think of how many processes in your daily life are automated? Automation is used pretty much every day in our lives. How many times do you run to an ATM for cash, or how often do frequent a "Redbox" for DVD rentals, or maybe you're in a hurry at the supermarket and decide to us [...]