The Third-Party/Vendor Risk Management Survey conducted between June and August 2014 by RMA, in association with MetricStream, sought to capture the range of practices in third-party/vendor risk management (VRM) over a cross section of RMA member institutions, and to gather detailed information on some of the key challenges that banks and other financial institutions are facing. 655 more words
Tags » Operational Risk
The recent hack of Sony’s systems and databases has elevated the cyber risk debate to the highest level. President Obama has come down on the side of Cyber Vandalism as no American’s were killed by the attack. 567 more words
Andy Zolper, senior vice president and chief IT security officer at Raymond James Financial, tells FTF News about the potential threats that keep him up at night. 29 more words
Op Risk veteran Lourenco Miranda speaks with FTF News about how firms can prepare for the stress tests, and the hidden benefits they might see after the process. 11 more words
Big operational risk!
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Tim MacDonald, chief risk offcer (CRO) at Boston Private Bank, speaks with FTF News about why firms should be taking into consideration the potential operational risks of new financial products, especially in the early developmental phases. 43 more words
In early November, the Federal Financial Institutions Examination Council (FFIEC) released a report covering the results of a recent cybersecurity assessment conducted by its member agencies (FDIC, OCC, and Federal Reserve). 392 more words