Why aren’t Op-Risk Frameworks simply – Know your ops (Controls), Test your Ops (Controls self-assessment) and Fix your ops (based on risk incidents). We have often seen risk teams describe Op Risk Frameworks with lots of flow charts, decision trees, ...
Taking weeks and months to roll out a control across the group? Here is how you can do it in just a few clicks with CoVi Analytics! Got cross border operations and want to achieve operational efficiencies? MGAs with Appointed Representatives ...
At its heart, the Senior Managers Regime (SMCR) is about identifying the WHO for responsibilities … get that right and the rest falls in place. If you are an intermediary and recently threw the kitchen sink at the SMCR to ...
What is the key activity of a Board? If you are thinking Strategy; that’s an output, not an activity. Be outward-looking for two things – opportunities and threats. In Risk Speak, this translates to consideration of: #EmergingRisks – things on the ...
Ensuring consistency in cross-jurisdictional operations, while still catering for local nuances is the biggest challenge for Group Ops (COOs) teams. We recently demonstrated to a North American insurance group how their group policies can be quickly adapted or adopted across ...
Banks, Insurers, Brokers, Asset managers are all in the business of selling promises. Money today for an outcome tomorrow. Financial Regulation is all about making sure that these financial firms keep their promises. The bigger the promise the more the ...
“Call it a Compliance Manual and no one will read” … why do we call such an important set of instructions, such a discouraging name? “If you build it, he will come”, often misquoted as “they will come”, was the ...
Stop asking compliance teams “Why not?”, instead ask “What would it take?” and see the magic happen … Rather than asking “Why can’t it be done?” ask “Can we do it if we put these controls and monitoring in place?” ...
Why do compliance teams replicate in the business the very features they hate about regulation – ambiguity and dispersion? Ask a compliance person about their biggest frustration with regulation and they will be quick to point out how the rules ...
