Risk Management Resolutions for 2013: Compliance Risk Seem to Be Main Concerns

Posted by Joachim Bartels | Feb 7, 2013 | Compliance, Legal & Compliance, Risk Solutions - Prediction, Uncategorized | 0 |

Strategic risk is more connected to compliance risk, which is complex and “Fair lending” requirements seem to impact most products offered by banks. Reputational risks are increasingly linked to operational missteps and compliance violations, civil money penalties and fines. Thanks to social media, pervasive content sharing and strong opinions are the new norm. Smartphones, real-time news feeds and geo-located review sites enable stakeholders to publish content that can put entire organizations – or individual employees – in the hot seat. Compliance violations are headline news and penalties can impact earnings.

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About The Author

Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

The BIIA library is approaching 10,000 news items and best demonstrated practices. BIIA members receive regular news alerts on key developments in the industry and the regulatory environment. The BIIA readership is widespread: between 4 to 5 thousand unique visitors access BIIA.com per month.