Tagged: Risks

Episode 357 — Updating Your Risk Profile Under the New Trump Administration

Are You Ready for the Next Wave of Corporate Risk? Corporate risks are shifting, and every board, C-suite, and compliance team must take a fresh look at their risk landscape. While some risks like cybersecurity, data privacy, and artificial intelligence remain high priorities, others—such as anti-corruption and antitrust enforcement—are evolving in unexpected ways. With regulatory changes and new enforcement priorities emerging, businesses must stay ahead...

The Board’s Perspective: Wrapping Your Arms Around Risks

This week I attended the Diligent Elevate annual meeting in Houston, Texas.  For those of you who don’t know Diligent, it is a great event, and you can meet risk and compliance professionals, board members, and lawyers.  Diligent conducted numerous board education sessions at which board members spoke about new and significant risks; these included increased stakeholder expectations and the burdensome review of education and...

The Banking Stepchild:  Money Service Businesses

The Banking Stepchild: Money Service Businesses

Sometimes risk analysis can result in paralysis. Finding your risk tolerance and applying it to specific situations requires a nuanced approach. I am always wary of anyone who tells me categorical rules – e.g. we do not do business in Russia because it is too risky. In this era of oversimplification, such statements border on intellectual dishonesty. A careful approach to risk analysis always involves...