Author name: sale1000

Practical Insights for Every Business As the world becomes more aware of environmental issues, fair treatment of people, and the need for honest company management, businesses are feeling the push to adopt what’s known as ESG standards—which stands for Environmental, Social, and Governance. This trend isn’t just good ethics—it’s also becoming a legal requirement in […]

Navigating the Cloud: Ensuring Security in Digital Banking I’m currently delivering a risk and control assessment project for a digital bank “born in the cloud”, where it has outsourced nearly all of its IT Infrastructure to 3rd party providers. How do we ensure that our digital platforms are safe while in the hands of external

Digital Transformation and Cybersecurity Risks In recent years, our lives have seen a massive shift towards the digital realm. From banking from our smartphones to working from our living rooms, digital transformation has reshaped how we live, work, and interact. While these changes offer convenience and flexibility, they also open up a new world of

Risk assessment and quantification are essential processes for identifying, analyzing, and prioritizing risks within an organization. Several methods and techniques can be used to conduct these processes effectively. Here are some common approaches: Qualitative Risk Assessment:Risk Identification: Start by identifying potential risks relevant to the organization’s objectives, projects, or operations. This can be done through

Implementing a risk culture within an organisation is a strategic initiative that not only safeguards the firm against potential threats but also aligns with its overall strategic objectives, enhancing decision-making processes and organizational resilience. But does it need to be a long painful process? There are some quick wins that firms should consider to help

The increase in global polarization, the perceived decline of U.S. hegemony, and discussions about the emergence of a New World Order are complex phenomena that have significant implications for the global business environment and geopolitical stability. These trends are interconnected and influence each other in various ways. Understanding them requires a look at their broader

Under the new Corporate Governance Code Provision 29, Boards should monitor the company’s risk management and internal control framework and, at least annually, carry out a review of its effectiveness. The monitoring and review should cover all material controls, including financial, operational, reporting and compliance controls. The board should provide in the annual report: •

1. Understanding Good Risk Culture: A good risk culture is an environment where every member of the organization is aware, involved, and committed to managing and mitigating risks. Key characteristics include: Awareness: Employees at all levels understand the risks associated with their roles and the broader business context. Responsibility: Individuals take ownership of risk management

What is Corporate Governance? Corporate governance is defined as ‘the system by which companies are directed and controlled. Boards of directors are responsible for the governance of their companies. The Code applies to companies with a premium listing on the London Stock Exchange, regardless of where they are incorporated. To comply with elements of the

Introduction:The Digital Operational Resilience Act (DORA) is a significant regulatory framework set to come into effect in January 2025, focusing on strengthening the digital operational resilience of entities in the financial sector within the European Union. For small entities, navigating DORA’s requirements presents unique challenges. Understanding DORA: DORA aims to ensure that all entities in