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  • Blog
    November 26, 2019
    Dynamic Markets, Changing Regulations: Is Your Loan Portfolio Management Practice Moving in Step?
    The loan portfolio is one of the greatest sources of risk to a bank, according to the Office of the Comptroller of the Currency (OCC). As such, effective loan portfolio management (LPM) is fundamental to a bank’s safety and ability to identify and take action to address changes in the credit environment. This is particularly evident when one considers the wide variety of events that can affect…
  • Blog
    December 3, 2019
    FFIEC’s Updated BCM Booklet Highlights Operational Resilience Concepts
    Compared to the 2015 version, the updated business continuity management booklet released in November 2019 by the Federal Financial Institutions Examination Council (FFIEC) offers increased clarity, with detailed examples designed to make it easier for financial institutions to comply with its guidance and to help examiners determine whether management are addressing risks related to the…
  • Blog
    December 5, 2019
    Focused on Digital Transformation? Lead With People, Not Technology
    Many observers rightly consider the digital transformation of the business landscape and beyond to be the next industrial revolution. And like previous such revolutions, it will have far-reaching effects on how businesses operate, resulting in many new successful enterprises and an even larger number of failing ones. In grappling with digital transformation, organizations often make the…
  • Blog
    December 11, 2019
    In Transformations, People Are at the Heart of Success
    In our age of digital transformation, finance leaders have unprecedented opportunity to transform operations and create strategic advantages through technologies such as artificial intelligence and machine learning, virtual reality and robotic process automation. When finance leaders guide their organizations through these transformations, they can help secure their own success by encouraging…
  • Blog
    December 12, 2019
    Operational Resilience Supervision Moves into High Gear with Latest Consultation Papers for UK Institutions
    As part of a series of coordinated consultation papers, UK supervisory authorities on December 5 proposed new rules and expectations aimed at strengthening the operational resilience of the financial services sector. The latest proposals represent the most significant effort to date by any financial regulator to create formal rules around the topic of operational resilience and bring the policy…
  • Blog
    December 13, 2019
    Regulatory Changes, Economic Uncertainty, Culture Among Top Risks for Organizations, According to New Survey
    Entering into a new decade, boards and C-suite leaders around the globe are concerned with the escalating competition for specialized talent, their organizations’ culture and the ability to advance their digital maturity and embrace the transformative opportunities of technology. Business leaders contend that, coupled with the ongoing economic uncertainty and unknown future regulatory changes,…
  • Blog
    December 16, 2019
    OCC Flags Warning Signs of Operational, Credit and Interest Rate Risks
    In its Fall 2019 Semiannual Risk Perspective, the Office of the Comptroller of the Currency (OCC) highlights operational, credit and interest rate risks among key risk themes posing threats to the financial institutions it regulates. The themes, addressed by the OCC in this report, cover current and emerging risks facing national banks and federal savings associations as of June 30, 2019. The…
  • Blog
    December 18, 2019
    Winning the Finance Talent War: Five Strategies
    Recruiting and retaining the right resources in the finance function has never been more critical due to accelerating adoption of new technologies and complying with a growing list of regulations. But a finance labor shortage often stands in the way of these imperatives, posing operational risks. Protiviti’s latest Executive Perspectives on Top Risks Survey, conducted annually by Protiviti and…
  • Blog
    December 20, 2019
    CECL and the New AICPA Practice Aid: What Audit Committee Members Need to Know (Part 1)
    With the deadline around the corner for large companies to adopt the new accounting standards on current expected credit losses (CECL), the AICPA has published a Practice Aid to help management, internal auditors and audit committees prepare. The new CECL standard fundamentally changes the way financial services organizations calculate expected loan losses and raises the bar on financial…
  • Blog
    January 2, 2020
    Artificial Intelligence and Internal Audit: A Pragmatic Perspective
    Companies have high hopes for transformational technologies, especially those that leverage the vast amount of data being collected. Approaches using methods such as artificial intelligence (AI), machine learning (ML) and deep learning are becoming increasingly accessible and gaining significant traction, as they allow for deep insights to be extracted from large and varied data sets. As noted in…
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