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The risk landscape for financial institutions is constantly changing with a myriad of new regulations and growing cybersecurity threats. In this environment, surveys continue to show that Boards of Directors and Senior Management lack confidence in their institution's cybersecurity capabilities and that cybersecurity governance is often inadequate...
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With the advent of new regulations, such as NYDFS Part 500 Cybersecurity Requirements and General Data Protection Regulations ("GDPR"), more focus has been placed on securing data in transit and data at rest...
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The recent tax law changes, which became law on December 22, 2017, will have a significant impact on future tax payments...
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As institutions continue to face challenging regulatory regimes and examinations, there are certain takeaways that banks, especially domestic branches of foreign banking organizations (“FBOs”), can benefit from, and adapt to, as a result...Read Full
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I was asked this week, how and when does Regulation E apply to business customers if they report a claim? My answer: it doesn’t, but it could...Read Full
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At this point, we have all heard about the Equifax breach that has affected approximately 143 million U.S. consumers along with certain citizens in the UK and Canada...
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Over the past year, we have seen the regulators more closely scrutinizing banks’ expenditures as they relate to Officer’s Travel and Entertainment (“T&E”). Depending upon the nature of the bank’s business, asset size, and officer structure, controls in this area might vary greatly. However, one thing for sure is that we are moving towards the fact that institutions should have an adequate process in place to address their specific risks...Read Full
OnCourse is a blog dedicated to providing an informative and fresh look at matters that affect the banking and financial industry including the direction of risk, compliance matters, audit, and more.
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