Risk Management Resolutions for 2013

Comments (2)


(2) Comments



Full Retreat: Nonbank Financial Firms Abandon Banking
Insurers and brokerages have myriad reasons for setting up bank subsidiaries, including lower funding costs and a broader array of customer services. But increased regulatory scrutiny is prompting many to change their thinking. Here's a look at nonbanks that have or are looking to shed bank charters, citing the cost and time commitment related to complying with the Dodd-Frank Act and other obligations.

(Image: Thinkstock)

Comments (2)
At CONIX, our banking partners consistently tell us that their key risk management focus in 2013 will include the following fundamentals:

1.Common database solutions that ease their compliance burden and have the added benefit of reducing expenses through streamlined operations.
2.Solutions that embrace the growing RDC and mobile payments venues while adequately protecting against inherent risks. This means demanding Day 0 risk mitigation tools.
3.Solutions that adequately address the need for cross-channel protection. Single-silo risk mitigation is a thing of the past.
Posted by tinaeward | Friday, December 28 2012 at 1:52PM ET
Good article on business risks and their management. Read a whitepaper about this very topic "Which SOC controls report is right for your organization" it offers very good information readers will find it very helpful @
Posted by ksuresh | Wednesday, January 02 2013 at 5:58AM ET
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