Commonwealth Bank of Australia (CBA) has strengthened its third-party risk management capabilities as financial institutions face increasing challenges from technology dependencies, outsourcing arrangements and interconnected digital ecosystems. The upgrade reflects the growing importance of managing risks arising from external vendors, Read More …
Category: Latest News
Commonwealth Bank of Australia Upgrades Third-Party Risk Management Framework
Regulators Update CAMELS Framework to Strengthen Material Financial Risk Management
US banking regulators are updating the CAMELS supervisory framework to improve the assessment of banks’ ability to identify, measure and manage material financial risks. The changes are designed to strengthen supervisory reviews by placing greater focus on risk management practices, Read More …
Absa Bank Modernises Credit Risk Management with Advanced Analytics
Absa Bank has strengthened its credit risk management capabilities through the adoption of advanced analytics and technology solutions aimed at improving risk assessment, decision-making and portfolio management. The initiative reflects the broader transformation taking place in banking, where financial institutions Read More …
Artificial Intelligence and Data Will Redefine Risk Management in the Coming Years
Artificial intelligence (AI) and data-driven technologies are expected to significantly reshape the future of risk management by improving risk identification, analysis and decision-making capabilities across industries. The growing availability of data and advancements in AI are enabling organisations to move Read More …
Why Risk Management Is an Essential Business Skill for Every Professional
Risk management has become an essential capability for professionals across industries as organisations face increasing uncertainty from economic changes, technology disruption, regulatory developments and operational challenges. Traditionally viewed as a specialised function handled by risk teams, risk management is now Read More …
Nigeria Insurers Association Targets Stronger Governance and Risk Management
The Nigeria Insurers Association (NIA) is focusing on strengthening governance standards and risk management practices within the insurance industry to improve resilience, transparency and confidence among stakeholders. The initiative highlights the growing importance of effective governance frameworks as insurers operate Read More …
AI Mistakes Identified as a Major New Professional Indemnity Risk for Businesses
The growing adoption of artificial intelligence (AI) across business operations is creating a new category of professional indemnity (PI) risks, as organisations face potential liabilities arising from inaccurate AI outputs, automated decisions and failures in AI governance. Businesses are increasingly Read More …
Vietnam Central Bank Promotes AI Adoption While Strengthening Risk Management
The State Bank of Vietnam (SBV) is encouraging banks and financial institutions to accelerate the adoption of artificial intelligence (AI) while emphasising the need for stronger risk management frameworks to ensure safe and responsible implementation. The approach reflects the growing Read More …
The Chief Risk Officer Role in GCC Banking Sector Is Being Reshaped
The role of the Chief Risk Officer (CRO) in the Gulf Cooperation Council (GCC) banking sector is undergoing significant transformation as financial institutions face increasingly complex risks, technological disruption and changing regulatory expectations. Traditionally focused on credit, market and operational Read More …
AI Cyber Liability Risk Is Outpacing Existing Insurance Coverage
The rapid adoption of artificial intelligence (AI) technologies is creating new cyber liability challenges for organisations, with emerging risks developing faster than many existing insurance policies and risk management frameworks can address. As businesses increasingly integrate AI into operations, concerns Read More …