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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2023-10-25T18:04:00
Mounting compliance requirements and technological innovations have chief risk officers (CROs) facing more complex risk environments, according to a new report.
A survey of 390 CROs conducted by KPMG and Forbes Insight found those in the position feel pressure in five key areas: de-risking, growth and strategy, regulatory compliance, effectiveness and efficiency, and costs.
The survey took place from July to September and was limited to CROs representing companies across six industry sectors. Respondents worked for companies with at least $4 billion in annual sales or $25 billion in assets under management. The results of the survey were published Wednesday.
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News and analysis for the well-informed compliance or audit exec.
Annual Membership best value
Subscribe now for $365
Our lowest price ($1 per day) for one year.
2023-11-15T20:20:00Z By Adrianne Appel
Taking risk mitigation further and understanding your third parties and their risks can create value for your organization, practitioners discussed as part of a panel at CW’s virtual TPRM and Oversight Summit.
2023-10-24T14:00:00Z By Neil Hodge
Companies are still struggling to report meaningfully on societal risks as part of their efforts to meet demands for better environmental, social, and governance disclosures, experts discussed at Compliance Week’s Europe conference in London.
2023-10-19T20:59:00Z By Adrianne Appel
The finance and real estate industries are at higher risk of experiencing a high-cost material cybersecurity incident, compared to other sectors, according to new research from risk modeling firm Kovrr based off data from U.S. Fortune 1,000 companies.
2024-07-15T16:45:00Z By Jeff Dale
The Treasury Department’s Financial Crimes Enforcement Network updated an alert first issued in February warning financial institutions of Israeli extremists fomenting violence in the West Bank.
2024-06-28T19:30:00Z By Jeff Dale
A Bank of England report warned of private equity risk management deficiencies as interest rates remain stagnant, with international coordination important.
2024-06-20T15:40:00Z By Aaron Nicodemus
Compliance departments at financial institutions must become more involved in ensuring their firm’s operational resiliency to address emerging risks, the Treasury Department’s Office of the Comptroller of the Currency said in its semi-annual risk perspective.
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