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30 pieces by Mark Norman
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From Gatekeeper to Strategist - The New Model Risk Leader
Once viewed as a compliance custodian, the Chief Model Risk Officer is becoming a strategic driver of innovation. As regulation, AI, and enterprise risk converge, this role is…
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Fed Scrutinizes Banks as Private Credit Exposure Surges
The New York Fed is examining major banks’ lending to private credit firms as exposures to the fast-growing sector climb. Officials are focusing on risk management, collateral and…
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Static Risk Appetite Frameworks Are Dead, Long Live Scenario Simulation
This article explores new research from FIS and CeFPro showing that static, annual risk appetite frameworks are no longer fit for purpose. It outlines how financial institutions…
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Banks Are Facing an Automation Crisis - Why They're Falling Behind
Many banks are failing to keep up with the pace of financial reporting automation, and it's costing them in terms of efficiency and compliance. Despite widespread recognition of…
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The New Frontier of Fairness in Financial AI
Bias in AI has shifted from academic concern to regulatory flashpoint. As banks deploy machine learning in credit, biometrics, and fraud analytics, global watchdogs are demanding…
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How RCSAs Are Evolving from Tick-Box Task to Business Enabler
Risk and Control Self-Assessments (RCSAs) have long been viewed as compliance exercises rather than strategic tools. This article explores how forward-looking firms are redesigning…
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Is Fintech Losing Its Soul to Spreadsheets? Why Innovation is Getting Left Behind
Financial institutions are prioritising cost-cutting and compliance over innovation, turning fintech into a tool for optimisation rather than transformation. Drawing on findings…
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DORA disruption-shock reshapes financial institutions resilience strategies
With the Digital Operational Resilience Act (DORA) now in force, financial institutions are scrambling to adapt operational-resilience frameworks, third-party oversight and…
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Stagflation Stress Tests Treasury as Rates Bite and Liquidity Tightens
Stagflation risks put bank Treasury and ALM teams in a squeeze: funding costs stay high while growth weakens and credit strains build. That combination can magnify IRRBB through…
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How Tight Budgets and Global Tensions Are Strangling Future Fintech Innovation
Rising interest rates, inflation, and geopolitical instability are drying up fintech investment budgets just as innovation becomes more urgent. Financial institutions are caught…
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How Third Party Risk is Redefining the Future Role of Risk Leaders
This article explores how third-, fourth-, and nth-party dependencies are transforming the role of risk management within financial institutions. Drawing on findings from CeFPro’s…
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Banks Race to Validate the Machines They Can't Explain
As financial institutions deploy generative and agentic AI across fraud detection, risk modeling, and compliance, regulators are demanding proof these systems can be trusted. Yet…
