Blog library

Whilst many banks have embedded management of traditional financial risks such as credit and market, CROs and CCOs are under increasing pressure to address known and emerging non-financial risks. Pressure is further exacerbated by shrinking budgets and increasing costs of managing expanding control stacks, as well as remediation programmes driven by risk and control self-assessment (RCSA) blind spots for non-…

What’s it like being a female leader in professional services, and how has the sector changed? Nina Haldorsen from Protiviti’s iGROWW network interviews Janet Barberis, managing director at Protiviti UK about her career and why ‘being yourself’ matters.

Robotic process automation (RPA) and artificial intelligence (AI) are helping financial institutions transform their operations. But many institutions are in the early stages of their journey. The UK Finance COO Forum in April discussed the benefits of intelligent automation and how institutions can leverage it to enhance customer experience.

CASS Audit Preparation for Firms that are Newly Authorised or Waiting for their Permissions Introduced in July 2018, the temporary permissions regime (TPR) enabled relevant EEA firms that were passporting into the UK when the transition period ended to continue operating temporarily in the UK. In 2021, the FCA started accepting applications for the Part IV Permission so that the firms can become fully authorised.…

Increasingly, environmental, social, and governance (ESG) initiatives have become a strategic priority for financial institutions. The recent UK Finance COO Forum explored how these initiatives are developing across the financial services sector. Among the insights gleaned from the forum is that most institutions are taking a measured approach to ESG strategy as they acquaint themselves with ESG risks and assume…

The Potential of Machine Learning (ML) to deliver value to banks has created something of a gold rush in adopting this methodology for banking applications. ML can produce immense benefits when applied to complex nonlinear problems where there is a large amount of data, particularly unstructured data. Use cases for incorporating machine learning in banking include asset management, fraud detection, credit risk…

Several Key Policies Take Effect March 31, 2022 On March 29, 2021, the Bank of England (BoE), the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) issued a series of policy statements to both refine and finalise their approach to operational resilience for financial services firms. Almost concurrent with the release of the policy statements, the Basel Committee on Banking Supervision…

The war in Ukraine is impacting economic growth and inflation across the world. Speaking at the first Tackling Tomorrow Today event of 2022, economist John Ashcroft explained what that would mean for the immediate future – and why the Chancellor’s Spring Statement has caused some confusion. In December 2021, John Ashcroft delivered an optimistic verdict on economic recovery after another year of turmoil.…

Galvanised by the need to digitise, more and more businesses are moving operations to the cloud – but a careful strategy is required if full value is to be achieved Cloud-based services allowed many businesses to continue to function productively at the peak of the pandemic, thanks to the flexibility they offer. Digital acceleration and working from home policies are likely to result in further systems and…

Innovation is critical for the longevity and continued profitability of an organisation but maintaining the momentum that originally fuelled it can be problematic. Consultancies can bring objectivity, expertise and energy to the challenge. What qualifies them for their role, and how can they pull it off?