Zeenat Akhtar’s Post

Excellent thoughts on business resilience in financial institutions by Victoria Adams .- 'If the foundations of operational resilience are in place, banks can explore digitisation with confidence to drive efficiencies, maximise growth potential in an ever-changing integrated market, and make a real impact on customers' #operationalresilience #bankingindustry #thirdpartyriskmanagement #riskmanagement #globalbanking #rethinkthesystem

The OCC, FDIC, and Federal Reserve Board have released a guide to support community banks in managing risks presented by third-party relationships. This guide will be an invaluable resource for community banks as they navigate the potential risks of these relationships. Check out the link below to learn more about this important resource. https://lnkd.in/eDuZk9nv

Sharing this insights video in advance of Bank Director Bank Audit & Risk Conference, June 10-12 in Chicago. During the event we hear more from industry leaders on the issues faced by banks today including - #Liquidity Management, #Regulatory & #Compliance Risk, #AI Oversight and much more! I hope to see you there.

50% of the large banks have weak or insufficient risk management🤯 This was a finding of the OCC in a recent confidential assessment of 22 US banks that was subsequently reported on by Bloomberg News. We're in Africa...why should we care...because when the US sneezes the world catches a cold. The last global financial crisis is a very distant memory. People very quickly moved on from the global pandemic and soon they will move on from the global IT outage. Note how many times I said "global". We are not immune from the impact and ripple effect of global events and we need to be vigilant against complacency after an immediate danger has past. I for one am concerned when 50% of potentially Globally Systemically Important Financial Institutions (G-SIFIs) and Systemically Important Financial Institutions (SIFIs) are found to have poor risk management in place. It's time to get the house in order before the next thing lands....and there will be a next thing.

Hence My Passion is Compliance and Risk Mangement 🌸📍

[𝐍𝐞𝐰𝐬𝐥𝐞𝐭𝐭𝐞𝐫] 𝐅𝐒 𝐫𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 [#RegCentre] Launching our first quarterly newsletter as Forvis Mazars Group, enabling subscribers to keep their finger on the pulse of financial regulations. This issue covers Basel 3 implementation, operational resilience requirements for cross-border banks, and the pressure on EU banks to enhance their risk data capabilities. We also analyse the challenges the EU’s new Anti-Money Laundering and Countering the Financing of Terrorism Authority may face and present the 8th edition of Financial reporting of European banks, focusing on expected credit loss levels. To read more, subscribe here: https://lnkd.in/dhViCw92 #FinancialServices #FSregulatoryinsights #FSnewsletter

[𝐍𝐞𝐰𝐬𝐥𝐞𝐭𝐭𝐞𝐫] 𝐅𝐒 𝐫𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 [#RegCentre] Launching our first quarterly newsletter as Forvis Mazars Group, enabling subscribers to keep their finger on the pulse of financial regulations. This issue covers Basel 3 implementation, operational resilience requirements for cross-border banks, and the pressure on EU banks to enhance their risk data capabilities. We also analyse the challenges the EU’s new Anti-Money Laundering and Countering the Financing of Terrorism Authority may face and present the 8th edition of Financial reporting of European banks, focusing on expected credit loss levels. To read more, subscribe here: https://lnkd.in/ev4QKkgp #FinancialServices #FSregulatoryinsights #FSnewsletter

[𝐍𝐞𝐰𝐬𝐥𝐞𝐭𝐭𝐞𝐫] 𝐅𝐒 𝐫𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 [#RegCentre] Launching our first quarterly newsletter as Forvis Mazars Group, enabling subscribers to keep their finger on the pulse of financial regulations. This issue covers Basel 3 implementation, operational resilience requirements for cross-border banks, and the pressure on EU banks to enhance their risk data capabilities. We also analyse the challenges the EU’s new Anti-Money Laundering and Countering the Financing of Terrorism Authority may face and present the 8th edition of Financial reporting of European banks, focusing on expected credit loss levels. To read more, subscribe here: https://lnkd.in/dqSgusVD #FinancialServices #FSregulatoryinsights #FSnewsletter

[𝐍𝐞𝐰𝐬𝐥𝐞𝐭𝐭𝐞𝐫] 𝐅𝐒 𝐫𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 [#RegCentre] Launching our first quarterly newsletter as Forvis Mazars Group, enabling subscribers to keep their finger on the pulse of financial regulations. This issue covers Basel 3 implementation, operational resilience requirements for cross-border banks, and the pressure on EU banks to enhance their risk data capabilities. We also analyse the challenges the EU’s new Anti-Money Laundering and Countering the Financing of Terrorism Authority may face and present the 8th edition of Financial reporting of European banks, focusing on expected credit loss levels. To read more, subscribe here: https://lnkd.in/dWynMbMm #FinancialServices #FSregulatoryinsights #FSnewsletter

[𝐍𝐞𝐰𝐬𝐥𝐞𝐭𝐭𝐞𝐫] 𝐅𝐒 𝐫𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 [#RegCentre] Launching our first quarterly newsletter as Forvis Mazars Group, enabling subscribers to keep their finger on the pulse of financial regulations. This issue covers Basel 3 implementation, operational resilience requirements for cross-border banks, and the pressure on EU banks to enhance their risk data capabilities. We also analyse the challenges the EU’s new Anti-Money Laundering and Countering the Financing of Terrorism Authority may face and present the 8th edition of Financial reporting of European banks, focusing on expected credit loss levels. To read more, subscribe here: https://lnkd.in/esd72ppt #FinancialServices #FSregulatoryinsights #FSnewsletter