The Risk Management Association

With Election Day approaching, the 2024 presidential race could bring significant change to the banking industry, as policies from Kamala Harris and Donald Trump diverge widely on key issues. From regulations and taxes to consumer protection, banks face a unique period of uncertainty as each candidate’s approach could reshape financial services. A new RMA Journal article explores what each potential administration might mean for the future of banking. https://lnkd.in/grRH5KpV

Don’t miss the 2024 RMA Annual Internal Audit Conference and discover how to make your internal audit function a strategic partner. Learn from industry leaders and regulators, stay ahead of the curve on emerging risks and regulatory trends, and connect with peers from across the financial industry. Learn more on our website about all sessions and speakers, including our Regulator Panel. Hear firsthand from regulators on key priorities, lessons learned, and emerging themes. Speakers include: Kristin Bogue, OCC Cheryl Bradley, Federal Reserve Bank of Atlanta Ira Goldberg, RSM William Wollman, FINRA Register here: https://lnkd.in/e_q9tQCq #IA2024 #InternalAudit #FinancialServices #RegulatoryCompliance #ProfessionalDevelopment #Networking

Missed the chance to catch RMA’s popular webcast on AI governance? You’re in luck! Join us for a re-broadcast of Look Before You Leap: Establishing a Governance Framework for AI at Your Bank on November 13 at 1 p.m. ET. Generative AI is a gamechanger, but its risks require careful management. This session will provide a clear roadmap for building a responsible AI framework, so your bank can harness the power of AI while protecting against potential pitfalls. Don’t miss the live Q&A chat with the presenter for real-time insights, register here: https://lnkd.in/ghRYCjPM #GenerativeAI #AIGovernance #RiskManagement #Banking

Elevate Your Internal Audit Game at the 2024 RMA Annual Internal Audit Conference! Join us for a conference packed with insightful speakers, relevant topics, and networking opportunities with peers from a variety of financial institutions. Position internal audit as a strategic partner within your organization, stay up-to-date on the latest regulatory landscape and emerging risks, and learn from industry experts and peers to enhance your internal audit practices. Learn more and register here: https://lnkd.in/e_q9tQCq #IA2024 #InternalAudit #FinancialServices #RegulatoryCompliance

The recent changes to the Community Reinvestment Act (CRA) bring new compliance challenges, especially as banks are now evaluated on both their physical branches and online lending activities. In this Q&A, Linda Ezuka, founder of CRA Today, offers practical strategies to help banks incorporate these new requirements. From managing expanded geographic assessment areas to building stronger community partnerships, Ezuka shares insights on how banks can align their goals with CRA compliance without straining resources. Read the full article for guidance on navigating the evolving CRA landscape. https://lnkd.in/g3wFcEmu #CRA #Banking #Fintech #RegulatoryChanges

Register now for RMA's Annual Risk Management Virtual Conference and gain the edge in today's uncertain financial landscape. Hear keynote speaker Mark Zandi, Chief Economist at Moody's, break down the impact of crises, pandemics, and rising interest rates. Discover essential strategies to strengthen traditional risk disciplines, combat depositor anxiety and escalating fraud, and address talent shortages in a competitive market. Connect with a global community of risk professionals and secure your future in this rapidly changing industry. Learn more here: https://lnkd.in/gYT2ZMhe #Annual2024 #RMAConferences #CreditRisk #RiskManagement

The European Union’s Artificial Intelligence Act went into effect on August 1, marking a significant new compliance burden for banks with operations in Europe. U.S. financial institutions are now preparing for the ripple effects of this new regulation, which focuses on AI governance, data privacy, and compliance. In this article, Michael Bender explores how the act could influence policy globally and what U.S. banks need to do to adapt. With AI continuing to reshape the industry, this is a must-read for anyone looking to stay ahead of regulatory changes. Read more for insights into how your institution can prepare. https://lnkd.in/gU6J5iwR #AI #AIRegulation #EU #EUAIAct

As insurance premiums rise and coverage becomes harder to secure, banks are facing increased pressure to maintain up-to-date insurance tracking processes to protect their collateral. In this Q&A, Will Del Biaggio, president of QuieTrack Insurance Services, shares insights on how banks are adapting to these challenges. From insights into managing the risks of uninsured or underinsured borrowers to leveraging advanced tracking technologies, this discussion provides practical strategies for navigating growing regulatory demands. Read the full article to learn how banks can stay ahead of heightened insurance tracking requirements and mitigate their exposure to uninsured losses. https://lnkd.in/gUhijXgx #Insurance #RiskManagement #Lending #CreditRisk

Join us for the RMA Annual Risk Management Virtual Conference as we delve into the evolving risk landscape in today's volatile market. Hear from industry experts, including keynote speaker Carrie Sheffield, a renowned columnist and broadcaster, as she discusses the challenges and opportunities facing risk professionals. From crises and the pandemic's lasting effects to rising interest rates and the importance of strengthening traditional risk disciplines, this conference offers invaluable insights. Don't miss this chance to connect with a global community of risk and financial professionals. Register now: https://lnkd.in/gYT2ZMhe #Annual2024 #RMAConferences #CreditRisk #RiskManagement

Are you ready to tackle the complex IT risks of today’s digital world? On October 10, KPMG’s cybersecurity experts Matthew Miller and David DiCristofaro will lead the webcast Navigating IT Risks in the Digital Age: A Focus on Cybersecurity and Regulatory Compliance. This timely discussion will cover the latest trends in IT risk management, including the challenges of regulatory compliance, third-party risks, and the rise of generative AI. Discover key takeaways from KPMG’s Cyber Security Survey Report and get actionable insights on protecting your organization from evolving threats. Secure your spot for this important conversation here: https://lnkd.in/gBpP7c-q #Cybersecurity #RiskManagement #ITSecurity #DigitalRisk