Risk Management
CNSP Resolution No. 471/2024: Key Guidelines for Self-Assessment of Risk, Solvency, and Capital Management Unveiled
IN BRIEF Publication Date: September 25, 2024 Regulatory Authority: Superintendence of Private Insurance (“SUSEP”) Resolution Number: CNSP Resolution No. 471/2024 ...
Evaluating the effectiveness of your risk management framework
IN BRIEF Assessing the current state of your risk management framework Identifying regulatory compliance requirements Evaluating the role of audits ...
The role of audits in maintaining regulatory compliance in risk management
IN BRIEF Risk management audits are essential for ensuring adherence to industry standards. Regular audits play a critical role in ...
The Influence of Wealth: How Financial Power Shapes Agency Decisions
IN BRIEF Political Influence: Wealthy interest groups sway decision-making. Public Comments: Financial resources increase participation in rulemaking. Research Findings: Wealthier ...
How to create comprehensive risk management policies under regulations
IN BRIEF Identifying Challenges in implementing risk management standards EBA’s Guidelines for effective ESG risk management Incorporating Stakeholder Feedback into ...
EBA Unveils Conclusive ESG Risk Guidelines, Requiring Financial Institutions to Adhere by 2026
IN BRIEF Effective Date: Large institutions must comply by January 11, 2026; small and non-complex institutions have until January 11, ...
Common challenges in implementing risk management standards
IN BRIEF Limited visibility into potential risks affecting the organization Inconsistent processes across departments leading to inefficiencies Presence of siloed ...
EBA Unveils Comprehensive Final Guidelines for Effective ESG Risk Management
IN BRIEF EBA publishes final Guidelines for ESG risk management. Focus on identification, measurement, management, and monitoring of ESG risks. ...
Incorporating stakeholder feedback into risk management regulations
IN BRIEF Stakeholder feedback is essential for effective risk management regulations. Incorporating feedback promotes better understanding of potential risks. Engaging ...