On March 9, 2021, the Board of Governors of the Federal Reserve System from the Division of Supervision and Regulation issued SR 21-7: Assessing Supervised Institutions’ Plans to Transition Away from the Use of the LIBOR.1 This Supervision and Regulation letter is applicable to all firms supervised by the Federal Reserve and highlights what Fed…
In our last blog in this series we looked at the important role data plays in a modern Integrated Risk Management (IRM) framework. While data is indeed the foundation for IRM, tools and innovation are indispensable elements that help to organize processes, facilitate the ability to share and analyze data, and create a bespoke customer…
This newsletter covers some of the more recent regulatory changes impacting Banking, Capital Markets, Insurance, Energy, Utilities, Life Sciences, Communications & Media and Software & Platforms firms. We track more than 100 regulatory and industry bodies across North America, Europe and Asia Pacific. The shortlisted entries highlight the risks covered and business processes affected by…
In what we all hope is not a sign of more to come after a year that most would like to forget, the US economy was mere minutes away from a potential economic crisis just weeks into 2021. As the power grid and natural gas distribution network in Texas began to crumble under significant demand…
On November 3, 2020, California voters passed Proposition 24, the California Privacy Rights Act (CPRA), which would amend and expand the California Consumer Privacy Act (CCPA) – which itself only went into effect on 1st January 2020. The substantial provisions of CPRA goes into effect on January 1, 2023 and would apply to personal information…
Executive Summary If passed, the Equality of Act of 2021 could have significant implications to the ways financial institutions are required to serve newly protected classes of customers and potential customers. The Equality Act would amend several regulations (1964 Civil Rights Act, the Equal Credit Opportunity Act (ECOA) and the Fair Housing Act) which currently…
