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Gabe Shawn Varges Examines Emerging International Indicators for Compliance Function Expectations, Particularly Positioning, Resources, and Authority

Global trends on risk management help foreshadow what may come to be expected of compliance functions in an increasing number of jurisdictions, particularly in respect of positioning, resources, and authority. Gabe Shawn Varges, Head of Governance at FINMA, the Swiss combined regulator for banking, insurance...

Gabe Shawn Varges Examines Emerging International Indicators for Compliance Function Expectations, Particularly Positioning, Resources, and Authority

Global trends on risk management help foreshadow what may come to be expected of compliance functions in an increasing number of jurisdictions, particularly in respect of positioning, resources, and authority. Gabe Shawn Varges, Head of Governance at FINMA, the Swiss combined regulator for banking, insurance...

Neil Cantle & Brad Smith, "The Big Picture: Enterprise Risk Management Can Reveal Key Pricing Concerns to Insurers That May Help Prevent Losses"

Guest View: Accounting for Pricing Risk Given the volatility in the capital markets over recent years, and the consequent adverse developments across the financial services industry, the calls have been raised for more sophisticated risk management techniques. Experience has shown that much of...

Foreign Business Partner under the FCPA: The Problem and Managing It

This article is the first in a series of articles detailing the risk assessment, evaluation and management of a foreign business partner under the Foreign Corrupt Practices Act (FCPA). This article sets out the parameters of the problem and suggests a format for risk assessment, suggesting an approach...

Foreign Business Partner under the FCPA: The Problem and Managing It

This article is the first in a series of articles detailing the risk assessment, evaluation and management of a foreign business partner under the Foreign Corrupt Practices Act (FCPA). This article sets out the parameters of the problem and suggests a format for risk assessment, suggesting an approach...

Risk Assessments: FCPA and UK Bribery Act Best Practices

We recently wrote about ongoing assessments as a key component of a best practices anti-corruption and anti-bribery program. One of our colleagues commented that such a tool is also one with which a company should begin to craft its compliance program. The simple reason is straightforward; one cannot...

Claims Expert, Eva LaBonte, Identifies Challenges Associated With America's Aging Workforce at National Workers' Comp Conference in Las Vegas

On November 11, 2010, Eva LaBonte, Risk and Benefits Analyst for Clean Water Services (Hillsboro, Oregon), presented an informative lecture entitled, "Will You Still Need Me When I'm 64? Workers' Comp for an Aging Workforce," at the 19th Annual National Workers' Compensation and...

FCPA Risk Assessments: New Input into Current Best Practices

We believe that Risk Assessment is a tool and is one with which a company should begin to craft its Foreign Corrupt Practices (FCPA) or UK Bribery Act compliance program. The simple reason is straightforward; one cannot define, plan for, or design an effective compliance program to prevent bribery...

How Do You Evaluate a Risk Assessment?

What is the amount of risk that your company is willing to accept? Before you even get to this question how does your company assess risk and subsequently evaluate that risk? In the July issue of the Compliance Week magazine, these questions were explored in an article entitled " Improving Risk...

Risk Management – More than Just Risk Assessment

In an article in the December edition of the ACC Docket, entitled " Disciplined and Practical Risk Management ", Jim Jackson, General Counsel of Medair, discussed risk management in the non-profit arena, focusing on his experiences on this issue during his tenure at Medair. Medair is an...

Risk Assessments under the UK Bribery Act

In the February 10, 2012 edition of the Houston Business Journal, in an article entitled " In order to solve a problem, it must first be identified ", author Harvey Mackay wrote "People don't usually buy products and services. They buy solutions to problems." He notes that...

OCEG Illustrated Series: Managing Corruption Risks

How do you move off dead center? That was a question posed by my colleague Mary Jones in a recent guest blog post. She gave several concrete steps in answer to her own question. This question was further explored in the January issue of the Compliance Week magazine which began a six-part " Anti...

Michael Bell on Vendor Risk Touchpoints

by Michael Bell It is often challenging to pinpoint specific sources of risk when law firms engage or supervise a third-party legal vendor. Focusing on the the sources of risk, or touchpoints, that create a disproportional level of exposure is an essential first step when conducting a comprehensive...

The Looming "Fiscal Cliff" and Business Risk

Next Tuesday, the country will elect its President for the next four years. Exactly one week later, Congress will return to take up a critical piece of deferred business that could dramatically affect the country for the next four years and even beyond, regardless of who wins the Presidential election...

Scam Artists from Texas and Compliance Risk Management

Billie Sol Estes died yesterday and when it comes to scam artists from the great state of Texas, before there was Allen Stanford and his magical Certificates of Deposits located in his private bank in Antigua, there was Billie Sol Estes. Before Sir Allen came along, Billie Sol had a 50 year run as...

Investor Survey Shows Sensitivity to Climate Change Risks

A survey published by the Global Investor Coalition on Climate Change – a collaboration among four regional climate change investor groups – reports on trends among asset owners and managers. The survey elicited information on the degree to which investments are being directed away from entities...

A Slow-Burning Fuse: Climate Change from the Risk Management Trenches

By J. Wylie Donald Yesterday morning was the only session on climate change at the 2014 annual conference of RIMS , the Risk and Insurance Management Society, the preeminent risk management trade group in the country. Over 9,000 individuals from insurers, policyholders, brokers and vendors are...

Risk Assessments-the Cornerstone of Your Compliance Program, Part I

Yesterday, I blogged about the Desktop Risk Assessment . I received so many comments and views about the post, I was inspired to put together a longer post on the topic of risk assessments more generally. Of course I got carried away so today, I will begin a three-part series on risk assessments. In...

Risk Assessments-the Cornerstone of Your Compliance Program, Part II

Ed. Note-Today, I continue my three-part posts on risk assessments. Today I take a look at some different ideas on how you might go about assessing your risks. One of the questions that I hear most often is how does one actually perform a risk assessment? Mike Volkov has suggested a couple of different...

Risk Assessments-the Cornerstone of Your Compliance Program, Part III

Today, I conclude a three-part series on risk assessments in your Foreign Corrupt Practices Act (FCPA) or UK Bribery Act anti-corruption compliance program. I previously reviewed some of the risks that you need to assess and how you might go about assessing them. Today I want to consider some thoughts...

Economic Downturn Week, Part III – The Desktop Risk Assessment

I continue my exploration of actions you can take to improve your compliance program during an economic downturn with a review of what my colleague Jan Farley, the Chief Compliance Officer (CCO) at Dresser-Rand, called the ‘ Desktop Risk Assessment ’. Both the Department of Justice (DOJ)...