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Risk Insights Newsletter | April 2019  Edition | Issue 53
TOP STORY
A comprehensive report with over 850 end-user perspectives on the Financial Technology Ecosystem.

“One of the biggest challenges in the FinTech space as a consumer is sorting through what is available, how it is used, and ultimately answering ‘how will this help me?’ I think the CeFPro research will bring some straight-forward clarity and expertise the industry needs.” - CeFPro FinTech Advisory Board Member and Head of Electronic Trading at Mizuho Securities.

Access your copy of the report findings here.

Risk EMEA, 11-12 June, London
RISK INSIGHTS ARTICLES


"Given that many firms are global institutions, having differing jurisdictional requirements (e.g. OCC, PRA, EBA, etc.) can make Implementing a cohesive and consistent Third-Party Risk Management Framework across the group difficult and costly."

Article by Steven Wyles, Head of Santander Services Risk & Director Third Party Risk Management, Santander UK.

"The key roles vary depending on the nature of the organisation but typically It Is the risk function that would manage the risk appetite and limit processes – with businesses challenging for greater limits to grow portfolios in areas where they see opportunity. In many cases – (though not all!)."

Interview with Catherine Keane, Head of Bank and Country risk, Bank of Ireland.

"Identifying all the possible sources of risk is important. An inventory requires categorisation and classification. This requires setting rules and definition. Although this looks very administrative and legalistic, it is the pre-condition of creating a useable and relevant inventory."

Interview with Tanguy Dehapiot, Head of Valuation Risk, BNP Paribas.

"Very early into our research it became apparent that one of the main concerns keeping liquidity professionals awake at night was Brexit. Of course Brexit is an issue which is plaguing multiple industries, but for liquidity professionals in particular this has caused a great burden and increased workload."

Insight from Shannon Harris, Senior Research Executive, CeFPro.

"So far, markets have absorbed remarkably well the issuance of these new TLAC/MREL debt instruments, and that is really a testament to the hard work done by banks in terms of investor education, work with rating agencies, bond index providers, credit default swap market participants etc..."

Article by Gilles Renaudiere, Director, Capital Products, BNP Paribas.

"Cloud storage may become an even more time-consuming activity for financial firms. In order to deeply comprehend cloud storage, security and soundness, its services should be clearly defined."

Insight from Guglielmo Migliori, Senior Research Executive, CeFPro.

Featured insights
Cybersecurity is consistently in the organizational crosshairs. Executives and board members want to be sure the enterprise is doing its best to avoid compromises and attacks. Yet, how can you be sure your security investments are making a difference? How can you identify gaps in security performance, while making decisions to better manage the effectiveness of your tools, technologies, and people?

BITSIGHT
FInTech Leaders - April 2019
RISK INSIGHTS TV


The Center for Financial Professionals hosted Risk Americas 2018, at this event, we interviewed Nasser Fattah, Managing Director, Bank of Tokyo Mitsubishi UFJ on cyber security simulated threat exercises.

Nasser Fattah, Managing Director, Bank of Tokyo Mitsubishi UFJ
CeFPro hosted the 4th Annual Operational Risk Management USA in October 2018. At this Congress, we filmed a key panel discussion, looking into utilizing FinTech infrastructure to drive process automation.

Led by: Division Risk Officer, MUFG; former Head of Technology & Cyber Security Risk, JP Morgan; Director, Operational Excellence, American Express; and Director, KPMG US.



2 Panel discussion: Utilizing FinTech infrastructure to drive process automation and support increase in digital banking structure
ORIC INTERNATIONAL
REPORTS AND RESOURCES
Complimentary 50+ page financial risk and regulation publication - Written by the industry, for the industry.

Issue Ten contains articles, interviews and filmed conference sessions with thought leaders from: HackerOne, U.S. Department of Homeland Security, Citi, Scotiabank, BNY Mellon, Starling Bank, FinTechReguLab, Bank of America Merrill Lynch and more.

Taking place on 2 May 2019, 2pm – 3pm (GMT)

Led by: Global Head of Third Party, Outsourcing & Inter-Entity Risk, UBS; Head of Third Party Risk Management, CIB, BNP Paribas; Global Head of Procurement Services and Regional Head of Procurement and Third Party Risk, Standard Chartered Bank; Head of Sourcing, ICBC Standard Bank; and Regional Sales Director, BitSight.

Assessing and managing cyber risk of third parties and vendors has never been more critical. Breaches and security incidents affecting third party vendors continue to dominate the news, leading global regulators to adopt new requirements and closely examine third party cybersecurity programs.

The objective of this report is to develop an understanding of emerging best practices in managing third party cyber risk, with a focus on: Tools, technologies, and approaches; Budget and decision-making; Executive oversight; and Future direction.

A global survey with risk professionals from across the industry, the survey results will be collated and analysed to form an in-depth report. This annual survey is designed to help benchmark some of the key questions that can indicate the status and health of your third-party risk/supplier risk/vendor risk program.

Take part here.

The survey is completely anonymous and all who take part will receive a copy of the final report.

This report is an attempt to assess the current state of how organisations are managing conduct risks across various geographical regions. The key topics covered by the report include:

Treatment of conduct risk in relation to a wider range of operational risks; Understanding the scope of risks covered as part of conduct risk framework; Key regulatory drivers for conduct risks; Practices on raising awareness on conduct risks within the 1st line; and Key controls implemented for managing conduct risks.

Third-party cyber risk for financial services
WILL YOU BE JOINING US?
 

8th Annual Risk EMEA 2019


11-12 June, 2019 | London

The Premier Financial Risk, Regulation & Technology Summit

 

8th Annual Liquidity Risk Management Europe


13 June, 2019 | London

Exploring the scope of liquidity risk management and changes to markets, funding and regulation

 

4th Annual Vendor & Third Party Risk Europe


18-19 June, 2019 | London

Addressing most recent regulatory guidelines to maximise utilisation of high-end technology

 

Model Risk Management Europe


20-21 June, 2019 | London

Aligning global regulations, the role of the three lines of defence and leveraging new technologies

 

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For a full listing of our financial risk and regulation thought leadership please visit www.risk-insights.com

Keep updated on our thought-leadership by following us on social media. We provide all LinkedIn group members preferential rates to attend our events.

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