Financial Services Industry is the one that faces the most complex Regulatory landscape worldwide. The non Compliance Risks that many Global Financial Companies are trying to address, stem from the lessons learnt from the biggest governance failures in this sector. The latest bank in the news is a Danish lender that is being investigated for
Looking at the recent news on non-compliance in Companies globally, the stakes involved and the magnitude of consequences, it becomes clear that maintaining Regulatory Compliance is undoubtedly a priority and continuous concern for Organizations across all Industry Verticals. Organizations Operate under constant pressure from Regulators and are required to provide Regulatory Compliance updates at frequent
With the mounting amount of news around cyber security breaches, it is important for the Boards and C-Suite to have a clear vision on how a Company is addressing the Cyber-risks and how they impact the overall Business objective. Lack of visibility and transparency not only hinders the Risk Assessment program, but also affects effective
Risk & Compliance Managers across the globe are challenged by a rapidly changing and ambiguous external environment that continually creates unexpected Opportunities and Risks. However, when visualized as a part of an active Business dynamic, Risk, is more than just being a chance of loss, rather, risk has a potential for culminating into an Economic
As risks have grown more complex in the current Business Landscape due to factors ranging from Globalization, Technology, Regulations, public scrutiny so on and so forth, Companies around the global are realizing that their approach to Risk management functions might need to be revisited. For Sustainability, Resilience and for navigating the expanding Risk universe
Global Cyber Security and Corporate Governance Expert, Author and Speaker Bhavesh Bhagat will participate in the World’s largest annual gathering of Board of Directors hosted as NACD 2018 Global Board Leaders’ Summit in Washington DC, from Sept 29th-Oct 2nd, 2018. At the NACD 2018 Global Board Leaders’ Summit, Bhavesh will be presenting his Governance and
GDPR (General Data Protection Regulation) is an Exhaustive and Technically demanding Regulation around Data Privacy ever established. The inherent need of 360 degree Visibility and Strategic Enforcement presents a challenge for Companies globally wanting to be GDPR Compliant. Some of the major challenges around being GDPR Compliant is having a robust Data Handling and Data Storage
As per a recent Wall Street Journal article, a leading Big Four Company is charged with $625.3 million fine for failing to catch a fraud scheme that helped cause one of the biggest bank failures of the financial crisis. It was found that the Big Four Company had violated auditing rules by failing to design its
With new Regulations coming into action continuously, it’s time for Companies globally to adopt an innovative and agile methodology for their Risk Management Strategy. While the basic concepts of ERM best practices remain the same, the focus has now shifted from just identifying and mitigating Risks to building robust Strategy that has the potential to maximize the
The new EU Legislation, General Data Protection Regulation (GDPR) is a latest reform of Data Protection Rules that implies new extensive Data Protection Security and Reporting requirements in addition to increased financial penalties for non-Compliance. Organizations can have strong foundations for successfully achieving GDPR Compliance by acting early and adopting a holistic approach which includes