Getting Ahead of the EBA’s Guidelines on Outsourcing Arrangements

Requirements surrounding outsourcing in the EU are about to get tougher. Last month, the European Banking Authority (EBA) held a public hearing on its new draft guidelines on outsourcing arrangements. Financial leaders shared their thoughts, including concerns about their ability to effectively manage outsourcing relationships under the guideline’s expanded scope. The directive establishes a single [...]
  • October 8, 2018
  • Richard Saville
  • The Hard Costs of “Soft” Risks: Managing Corporate Responsibility and Sustainability

    In an article published last month in the US version of The Guardian, they cite that reputational risk damage done to Nike as a result of a corporate responsibility issue caused a loss of half of Nike’s market capitalization, from which it took Nike six years to recover. The Guardian article is excerpted from the […]

    • October 4, 2018
    • Eliot Madow
  • Supply Chain Risk: Creating a Risk Map

    During a recent presentation at the University of Massachusetts, a group of students in the College of Management’s Supply Chain program were asked to brainstorm all the different ways in which they thought a supply chain could be disrupted. In fifteen minutes, these undergrads generated a list of dozens of supply chain risks in about […]

    • August 27, 2018
    • Eliot Madow
  • 4 Third-Party Risk Management Trends in Singapore

    Third parties are a staple of modern business, letting companies embrace digital transformation, expand into far-flung markets and do more than ever before. But managing those third-parties for risk? That remains a major challenge for companies the world over. Recently, the Opus team met with Singapore compliance leaders at a special event focused on managing […]

    • August 17, 2018
    • Sacheen Williams
  • Data Privacy in Singapore and the Rise of Third-Party Breaches

    Singapore takes data protection seriously — to the tune of up to $1 million in fines for companies found in non-compliance with its Personal Data Protection Act (PDPA). It’s the steepest possible financial penalty in Asia for a lapse in data security, and Singapore companies are feeling the impact. In the past two years, Singapore’s […]

    • July 13, 2018
    • Pat McParland
  • Why Third Party Risk is Now a Board Level Concern

    Cyber security and regulatory risks are coming at businesses from all angles. Data breaches, compliance failures, bribery, corruption — information security and risk management professionals have their hands full. And they aren’t the only ones who are feeling the heat as the pressure ramps up. Boards of directors and c-suite executives are recognizing the need […]

    • June 20, 2018
  • Supply Chain Risk: Is it a Problem Too Big to Solve?

    Companies that are part of global supply chains find risks lurking around every corner, from tsunamis to factory fires to labor actions. Some of these risks are man-made, while others come from the natural world. When you begin to list out all the ways that the supply of goods and services can be interrupted — […]

    • May 24, 2018
    • Eliot Madow
  • GDPR Checklist: Preparing for Compliance with GDPR Articles 28 and 30

    In just 10 days, the much talked about new age of data protection will be here. On May 25, 2018, the European Union’s General Data Protection Regulation (GDPR) will come into force, introducing tougher requirements around how companies hold and process the personal data of EU citizens. By now, most organizations are well on their […]

    • May 15, 2018
    • Richard Saville
  • 8 Steps to Third Party GDPR Compliance and Data Protection

    Compliance and information security professionals are working diligently to prepare their companies for the EU’s General Data Protection Regulation (GDPR). But what about your third party vendors? Are they also taking the necessary steps toward GDPR compliance? Under GDPR, companies that use third parties to process the personal data of EU citizens are responsible for […]

    • May 11, 2018
    • Richard Saville
  • FinCEN is Here- Are You Ready?

    Know who you are doing business with: a simple concept that should be easy in an age when there is so much information at our fingertips. But the Panama Papers and the more recent Paradise Papers showed us this is far from true. These two data leaks exposed a world of shell companies, offshore accounts, […]

    • May 9, 2018
    • Lee Kirschbaum
  • Data Management: How to Use Your Company’s Biggest Asset to Reduce Risk and Drive Business Results

    Customer and Vendor data is the lifeblood of your business. It’s a company’s greatest asset — but can often be its greatest weakness. From identifying new sales opportunities to assessing the overall risk exposures within business – the opportunities are endless, and artificial intelligence is pushing the possibilities even further. However, it’s impossible to make […]

    • May 3, 2018
  • Third Party Risk Management (TPRM) for Financial Institutions: Moving Beyond Compliance to Achieve Business Resiliency

    Financial institutions have long led the way in TPRM (third party risk management). Driven by intense regulatory scrutiny, the industry has quickly matured its process to meet increasingly stringent reporting and monitoring requirements. Already driven by overall Know Your Customer (KYC) compliance requirements, the enhanced due diligence rules of FinCEN and global implications of new […]

    • May 3, 2018
  • 5 Must-Know Data Regulations for 2018

    It’s hard to believe the long-awaited FinCEN Customer Due Diligence (CDD) Rule is upon us. May 11 is just around the corner, and as financial institutions work to prepare, one thing is clear: it will be nearly impossible for businesses to avoid regulatory change this year. In the worlds of data and finance, change is […]

    • May 2, 2018
    • Sara Rona

Next Page »