Brexit Becomes Reality
After years of debate, negotiation and controversy, and an 11-month transition period, the United Kingdom formally completed its withdrawal from
Read moreFinancial Risk Management
7 Key Challenges for Operational Risk Professionals
Operational risk management teams in financial institutions had a tumultuous year in 2020, and it seems likely that 2021 will
Read moreClarifying Employee Reimbursement Calculations
Over the last several years, there has been an influx of high-dollar lawsuits focused on how employers should reimburse their
Read more3 Operational Risk Lessons from the OCC’s Citibank Fine
Recently, the Office of Comptroller of the Currency (OCC) levied a fine of $400 million at Citibank “based on the
Read moreERM in the Spotlight
In times of great upheaval for industries or financial markets, organizations often turn to the formal discipline of enterprise risk
Read moreCompliance Operations During COVID-19
Compliance is a critical function that receives attention from both internal audit teams and regulatory and legislative agencies. Given the
Read moreInsurance Coverage for Bankrupt Corporations
Many businesses forced to close due to COVID-19 have turned to insurance to recover resulting losses. Even in the best
Read moreAssessing Commercial Lease Obligations During COVID-19
A large number of companies – retailers, restaurants, fitness centers, movie theaters and more—have failed to make rent payments on
Read moreThe Link Between ERM and Organizational Financial Performance
Global economic uncertainty is placing organizations under increasing pressure to improve their risk management practices while simultaneously achieving consistently higher
Read moreCoronavirus Causes Global Business Upheaval
In Allianz’s Risk Barometer 2020, 17 years after the SARS outbreak, risk professionals ranked pandemics 17th on their list of
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