The European Data Protection Board (EDPB) has issued its annual report for 2023, detailing its activities and major enforcement actions taken by EU data protection authorities over the past year. The report serves as a compliance wake-up call for businesses operating in the EU, with substantial fines levied for violations of the General Data Protection Regulation (GDPR).
Boeing's safety practices have come under intense Senate scrutiny, shedding light on potential lapses in compliance and risk management within the aviation giant.
Lloyds Banking Group is set to slash jobs within its risk management division, following an internal review that identified the function as a potential impediment to the bank's strategic transformation.
BaFin, the German Federal Financial Supervisory Authority, released its Risk in Focus 2024 report, offering a comprehensive analysis of the current state of the financial landscape. The report delves into seven major risks that demand immediate attention, coupled with three emerging trends that are reshaping the future of finance.
Renowned GRC expert Michael Rasmussen took center stage at LogicGate's Agility conference in Chicago, captivating attendees with his keynote address focused on the pressing challenges facing organizations in governance, risk, and compliance (GRC) management. Delving deeper into each challenge, Rasmussen offered insightful strategies and practical solutions to empower companies to navigate the complex GRC landscape effectively.
Acting Comptroller, Michael Hsu, addressed the Institute of International Bankers (IIB) Annual Washington Conference, shedding light on the critical importance of operational resilience in the banking sector. Amidst the backdrop of discussions often dominated by capital and liquidity concerns, Hsu emphasized that operational resilience plays a pivotal role in ensuring the safety and soundness of banks and maintaining financial stability.
In a recent talk at Vanderbilt University, Michael Hsu, Acting Comptroller of the Currency, delved into the critical issue of managing risks in the financial sector, particularly concerning the blurring lines between banking and commerce. The event, hosted by Professor Morgan Ricks, provided Hsu with a platform to share insights gained from his extensive experience, spanning the 2008 Global Financial Crisis to his current role overseeing the federal banking system.