What is the Three Lines of Defense Approach to Risk Management? Last Updated: October 31, 2023 Recently, the FDIC unveiled new standards for financial institutions with over $10 billion in assets. The proposed standards emphasize a stronger corporate governance and include an over-arching requirement for these banks to adopt the Three Lines Model. While this news is relevant to banks, any organization that values proactive risk identification, effective risk management, and regulatory compliance would benefit from implementing the Three Lines Model to safeguard their operations and reput ..read more

How Banks Can Prepare for the FDIC’s Proposed Standards Last Updated: October 19, 2023 FDIC Proposes Stricter Corporate Governance for Banks with $10 Billion or More in Assets On October 3, 2023, the Federal Deposit Insurance Corporation (FDIC) proposed new standards for corporate governance and risk management for financial institutions with $10 billion or more in total assets. In what is seen as a significant shift, the Proposed Standards will move away from the reliance on state law in favor of establishing governance and oversight obligations for banks. The affected banks will find the ..read more

Customer Value Story: Streamlining Audit Management Last Updated: October 16, 2023 A LogicManager customer in the banking industry, despite a small auditing team, faced challenges managing audit tasks efficiently using spreadsheets. LogicManager’s solution streamlined task delegation, automated workflows, and saved significant time, allowing the bank to focus on strategic objectives and maintain a complete audit trail for regulatory compliance. Company Profile This LogicManager customer works for a savings bank and has been using the product for almost two years now. Working in the ban ..read more

What Is Policy Management & Why Does It Matter? Introduction to Policy Management In a world where policy management and compliance regulations are only increasing in both stature and scope, it is essential that organizations are prepared for not only the current regulatory environment but also what is coming on the horizon. As our expert advisory team will note, regulatory compliance is just the bare minimum. To truly protect your organization's reputation, you must be forward-thinking and embrace solutions across the entire enterprise. As the leading Enterprise Risk Management provide ..read more

Empowering Credit Unions: Insights and Actions for NCUA’s 2023 Supervisory Priorities In the ever-evolving financial industry, staying ahead of regulatory requirements and industry best practices is crucial for credit unions to protect member data, brand reputation, and growth targets. The National Credit Union Administration (NCUA) has recently released its priorities and areas of focus for the 2023 examinations, which include Interest Rate Risk, Credit Risk, and Information Security Risk. LogicManager, a trusted integrated risk management system, has responded to these priorities by intr ..read more

Stay On Top Of The Latest From The SEC 2023 Overview In keeping up with the evolving regulatory landscape from the SEC, we’re here to discuss the latest set of rules regarding Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure by Public Companies. We’ll cover what changes are coming down the pike, how your organization will be impacted, and how to best prepare. As the industry-leader in Enterprise Risk Management since 2005, LogicManager’s solutions will keep you ahead of the game and ready for tomorrow’s surprises today. What’s Changing The latest rule c ..read more

Empowering Credit Unions: Insights and Actions for NCUA’s 2023 Supervisory Priorities In the ever-evolving financial industry, staying ahead of regulatory requirements and industry best practices is crucial for credit unions to protect member data, brand reputation, and growth targets. The National Credit Union Administration (NCUA) has recently released its priorities and areas of focus for the 2023 examinations, which include Interest Rate Risk, Credit Risk, and Information Security Risk. LogicManager, a trusted integrated risk management system, has responded to these priorities by intr ..read more

Strengthen Your Cybersecurity with LogicManager’s Latest Additions In today's ever-evolving digital landscape, organizations bear a fiduciary responsibility to safeguard not only their internal assets but also their stakeholders' data, adhering to robust IT best practices. By aligning with these practices, they not only improve their corporate governance approach beyond the minimum requirements but also enhance the overall company performance. The rapid rise of technology has introduced new challenges and risks, making cybersecurity of paramount importance in protecting both valuable asset ..read more

Navigating New Data Privacy Laws: Key Considerations for Businesses in Today’s Interconnected World The Importance of Data Privacy in the See-Through Economy In today's interconnected world, data privacy has become a critical concern for businesses. With the introduction of new data privacy laws in several states, similar to California's CCPA and European GDPR standards, organizations must be proactive in protecting customer data and ensuring compliance. As data breaches continue to make headlines, customers and investors are becoming increasingly cautious about sharing their personal infor ..read more

IMPACT 2023 Diving Deeper into Integrated Risk Management with Industry Experts Duration: 35 Minutes Presenter: Mark Mondani, Advisory Solutions Lead at LogicManager, Danielle Mummert, Brianna McKenzie, and Patrick Edwards In this presentation, industry experts delve deeper into their Integrated Risk Management programs and processes, building on their previous presentations. The panelists share insights on how they tackled challenges while implementing their risk management programs and provide a comprehensive view of the best practices for managing risks effectively. They bring a wealth ..read more