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Jul 15, 2012
ATM and Card Security Update
This special alert discusses the need for security compliance reviews of institutions with automated teller machines (ATM) and instant issue credit/debit cards. Large fines are possible if compliance is not followed. There are important security review dates to meet so please read this article for all the latest information.
Apr 9, 2012
Model Risk is Operational Risk, OCC says
Model risk continues be a focus of regulators for financial institutions, particularly in light of the OCC guidance issued last year on the subject. In this issue of Bank Safety & Soundness Advisor, Eric Holmquist, head of Accume’s ERM Advisory Practice, was asked to provide thoughts on model risk and management best practices.
Jun 26, 2012
Understanding Risk
This Alert examines what exactly is risk, and more importantly, what exactly is risk management? This Alert highlights some approaches to understanding risk and points to consider when evaluating an organization's risk management program.
Jun 26, 2012
Risk Management and Business Strategy
All strategic business initiatives must consider three critical factors: the potential benefit, cost and risk. Therefore, it is imperative that the risk management process start right at the point of setting strategy and continues throughout execution. But, risk management involves much more than the simplistic “What could go wrong?” This article, written by Eric Holmquist, Managing Director, explores some of the cultural challenges of assessing risk and some practical approaches to holistically incorporating risk management into strategic planning.
Apr 16, 2012
Data Security - Securing Customer Information and Data Privacy
Customer information security and data privacy are increasingly in the news media with reported instances of data breaches, loss of customer privacy and security. The breaches are the continued focus of management, customers and regulators. Learn more through this Alert which focuses on key aspects of data security and privacy, risk evaluation, internal communication and ongoing monitoring in building an enterprise-wide information security initiative.
Mar 26, 2012
Proper Management of Third Party Relationships
Banks rely on third-party vendors for a variety of products and services. However, reliance on third-party relationships can also increase an institution’s risk profile. Regulatory guidance provides a roadmap for proper management of vendors to achieve desired results through appropriate oversight and controls. This Alert proivdes an overview of ways to control these risks.
Feb 13, 2012
Successful Op Risk Management Requires Subjective Data, Experts Say
Eric Holmquist is Managing Director, Enterprise Risk Management and was interviewed for this article, which appears in Bank Safety & Soundness Advisor. Successful estimation of operational risk levels remains challenging for risk practitioners. Eric was asked to weigh in on various assessment techniques and strategies. Bank Safety & Soundness Advisor provides independent, executive intelligence on bank exams, enforcement and risk management. This article was reprinted with permission from Bank Safety & Soundness Advisor. Copyright 2012.
Feb 22, 2012
Building an Effective Enterprise Risk Management Program
Financial institutions are being told to adopt an enterprise-wide risk management (ERM) program; however, there is limited guidance available as to what this means or how to go about it. This Alert will provide practical, straightforward guidance on what to expect from an ERM program and how to go about building it.
Dec 9, 2011
Year-End Compliance Review and Update
Here is a summary of all the major changes in the banking world this year and what to expect for next year.
Nov 15, 2011
Rethinking Strategies for Problem Assets
Approaches for managing problem assets and reducing a bank's exposure are described. Learn more...
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