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  • Blog
    January 30, 2020
    In Latest Operational Resilience Proposals for UK Institutions, Regulators Outline Expectations for Outsourcing Arrangements and Third-Party Risk Management
    Financial institutions should expect their outsourcing and third-party risk management practices to come under increased scrutiny as part of the growing regulatory focus on the operational resilience of the financial services sector. The series of coordinated consultation papers on operational resilience, published by the UK supervisory authorities in December 2019, provide the strongest…
  • Blog
    February 3, 2020
    The 2020 Audit Committee Agenda: Asking the Right Questions
    With accounting standards changing and regulatory scrutiny expanding beyond financial performance, 2020 offers an opportunity for audit committees to work on improving the broader risk and control environment, including non-financial — enterprise, process and technology — risk disclosures. As in years past, Protiviti has prepared a recommended agenda for audit committees to help focus their…
  • Blog
    February 6, 2020
    Insurers Targeted in UK Supervisory Authorities’ Latest Effort to Develop Formal Operational Resilience Regulations
    The resiliency of the insurance industry, especially its ability to protect policyholders from the impact of severe operational failures, is a major focus of the latest regulatory effort to strengthen the operational resilience of the UK’s financial services sector. When the Bank of England (BOE), the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) signaled…
  • Blog
    February 11, 2020
    Gender Diversity Can Aid Cybersecurity: CISO Panel Suggests Keys to Greater Female Participation
    It’s no secret that the current skills shortage is especially acute in the area of cybersecurity. A 2018 study by the International Information System Security Certification Consortium, or (ISC)², reported a shortage of nearly 3 million cybersecurity professionals globally, including a gap of roughly 500,000 trained staff in North America alone. And CIO/CTO respondents to Protiviti’s latest Top…
  • Blog
    February 17, 2020
    Succession Planning in Finance: Sourcing the Next Generation of Leaders
    According to Protiviti’s most recent Top Risks survey, succession planning is among leaders’ top concerns. At the same time, another survey conducted by Robert Half among chief financial officers (CFOs) only shows a startling 48% of them had not identified their own successors. Of those, 64% cited their own intentions to stay in their current positions as their rationale for not prioritizing…
  • Blog
    February 18, 2020
    Cybersecurity Trends in 2020: What to Expect and How to Prepare
    Cyber attacks continue to rank among the leading business concerns in 2020, according to the eighth annual Executive Perspectives on Top Risks, a joint survey by Protiviti and NC State University’s ERM Initiative. Drawing on responses from 1,063 board members and executives from around the world, the survey found that cyber threats represented a “significant impact risk” to senior managers, one…
  • Blog
    February 19, 2020
    Risks at the Intersection of Talent, Culture, Innovation and Technology
    Certain kinds of risks, if left unaddressed, inhibit organizations’ capacities to deliver on strategic targets. Particularly noteworthy are the crucial relationships between such risk areas as talent, culture, innovation and technology, which prompt further inquiry into how these areas intersect: What culture attracts top talent? What talent is needed to be agile, competitive, nimble and…
  • Blog
    February 24, 2020
    Innovating AML Compliance: The Next Regulatory Imperative?
    Incorporating innovative approaches into anti-money laundering (AML) and financial crime prevention remains a key agenda item for the financial services industry, trade associations, advocacy groups and, increasingly, the regulators. At the recent SIFMA AML conference, we joined industry panelists on stage to discuss not only the obvious benefits of integrating leading technologies into AML…
  • Blog
    February 25, 2020
    Economic Conditions, Digital Adoption and Talent Shortage Headline the Top Risks List for Tech Companies in 2020
    Technology, media and telecommunications (TMT) organizations around the globe entered 2020 feeling uncertain about their prospects for business growth in the year ahead. The potential for a downturn, which increases every day after the long streak of economic growth we’ve experienced, is one factor fueling that worry. So, too, are ongoing changes in tariff and trade policies. This is not a…
  • Blog
    February 27, 2020
    Assembling a New Labor Model in the Manufacturing Industry: Four Innovations to Consider
    Manufacturing organizations have to find innovative ways to tackle a game-changing skills shortage if they intend to thrive in the new decade. For the past two years, leaders of manufacturing companies around the globe have expressed a growing concern about their organizations’ inability to get skilled, in-demand talent. In our latest Executive Perspectives on Top Risks survey, conducted by…
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