This is the third and final article looking at new and emerging non-financial risks. It’s concerned with managing those risks and the wider governance arrangements firms will need to have in place. As I’ve said in the previous two articles, increased emphasis by firms and regulators on non-financial risks have made these risks at least […]
Tag Archives: governance
New and emerging non-financial risks – Part 3: Risk management and governance
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Also tagged board, early warning indicators, enterprise risk management, MI, non-financial risks, operational resilience, regulators, risk management, risk management framework
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What makes an outstanding board?
This started as an article about what makes a board of directors ‘effective’ but I decided that was aiming too low. Why shouldn’t a board be outstanding? Let’s begin though with board effectiveness. 1 Board effectiveness What made the board of a bank or other financial institution ‘effective’ a few years ago won’t hit the […]
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Also tagged board effectiveness, board of directors, boards, challenge, controls, corporate governance, culture, D&I, diversity, diversity and inclusion, EWI, groupthink, KRI, MI, non-executive directors, strategy
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FCA STRATEGY FOR CONSUMER LENDING – DEAR CEO LETTER OF 20 MARCH 2024
In a Dear CEO letter issued on 20 March 2024[1], the Financial Conduct Authority set out its agenda for the next two years for three portfolios in the consumer lending market: high-cost lending; mainstream consumer lending; and credit unions. The FCA says that A significant part of our supervisory activity over the next two years […]
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Also tagged access to credit, affordability, boards, complaints-handling, consumer duty, consumer lending, consumers, cost of living, Dear CEO letter, FCA, vulnerable customers
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