Over the previous year and a half, regulators in the UK and EU have embarked on climate stress tests for financial institutions, following similar exercises lead by central banks in the Netherlands (DeNederlandscheBank) and France (Bank of France/ACPR). Most recently, the United…
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As risk is inherently unpredictable, the Board of Directors (BOD) and those charged with governance need to have timely and adaptable data, capable of depicting current risks affecting the lines of business they govern. Naturally, as discrete risk events such as inflation,…
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In Part Three of this series, we explored the identification of cryptocurrency red flags and how the financial industries’ regulatory environment protecting the consumer is not always in their best interest. In this blog, we analyze the challenges and best practices of indirect cryptocurrency…
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In Part Two of this series, we explored evolving privacy risks of universally accessible metadata and the dangers of centralized authorities. In this blog, we explore the identification of financial crimes red flags and how the financial industries’ regulatory environment protecting the…
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In our initial blogs we theorized that Intelligent Automation (IA) and, specifically Cognitive Artificial Intelligence (AI), would be essential in Governance, Risk Management and Compliance (GRC) programs to seek long term success and sustainability. Before this can occur, the areas in which…
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Laws and regulations reflect and promote societal values. The rapidly evolving legal and regulatory scrutiny around the processing (e.g., collection, use, storage, and sale) of children’s data is a direct response to consumer sentiment in support of increased privacy protections for children…
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Introduction Despite the increasingly recognized importance of ESG to decision-makers, most organizations have limited internal infrastructure that is necessary to incorporate ESG components into the business. Management teams struggle to incorporate ESG-related goals into their business strategy because they cannot measure their…
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Welcome to the North America ESG Regulatory Newsletter! The goal of this newsletter is to inform practitioners about current and upcoming ESG regulations, and to provide other information helpful to navigating the rapidly evolving ESG regulatory landscape. Trending Topics (in Collaboration with…
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In Part One of this series, we wrote about the maturation of the regulatory environment and the growing Privacy, Sustainability, and Financial Crime risks. In this blog, we explore evolving privacy risks of universally accessible metadata and the dangers of centralized authorities. …
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Introduction Companies dedicate resources to protect themselves from external fraud, but are sufficient resources devoted to internal fraud? To put it another way, are sufficient resources devoted to the prevention and detection of such things as asset misappropriation, corruption or financial statement fraud? In…
Read MoreOn March 30th, 2022, the Securities and Exchange Commission’s Division of Examinations (SEC) announced its 2022 examination priorities. The focus in 2022 will be on Private Funds and Registered Invest...
In our last blog, we discussed how businesses and their first line control partners should proactively manage risk as part of a successful transition to cloud and new technology implementation. The em...
Accenture frequently partners with leading innovative solution providers, such as 4CRisk, to bring the best technology and business solutions to our clients. 4CRisk.ai provides advanced AI Solutions f...
The 26th United Nations Climate Change conference was held in Glasgow, Scotland from 31 October to 13 November 2021. While much has been written about the successes and failures of this Conference of ...
As evidenced by last month’s United Nations Climate Change Conference (a/k/a “COP26”) in Glasgow, Scotland, global leaders are keenly focused on climate-change and the environment. As a result, compan...
Lately, we have seen an interest among clients in outsourcing parts of their legal operations to third party managed legal service providers. Specifically, labor-intensive, more mundane functions such...
On December 10, 2021, the Federal Trade Commission (FTC) issued a Notice that it was “considering initiating a rulemaking” in February 2022 that would empower the agency to take punitive action agains...
The past year has seen extraordinary growth and positive developments in environmental, social, and governance (ESG) compliance. One of the most surprising of these is that traditional rivals are now...
In earlier blogs, human capital risk was defined as the risk inherent in an organization and workforce. Broadly, this risk includes risk factors emanating from people behavior, organizational culture ...
Organizations have made significant progress in technology and cybersecurity over the past years, as reflected by the drop of 27% in the number of successful breaches in 2021, but cyber threats are gr...
