ERM regulation

SEC Reprioritizes ERM in 2014

The Security and Exchange Commission announced its examination priorities for the New Year, and Enterprise Risk Management heads the list. The priorities, selected by Senior Staff from the National Examination Program, aim to address areas of weakness that threaten fair, orderly, and efficient markets. On the subject of Enterprise Risk Management, the NEP states that…

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How to Buy ERM Software

NYT: How to Buy ERM Software in 2014

In previous blogs, I’ve covered the differences between ERM and GRC offerings. One critical difference I’d like to explore more fully is the concept of Software-as-a-Service, especially as it pertains to the IT departments and legal councils charged with approving your ERM or GRC solution. Due to Software-as-a-Service’s relatively recent entry into the Business to…

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Credit Union Industry

OCC Stresses Importance of ERM in Vendor Risk Management

On October 30, 2013 the Office of the Comptroller of the Currency (OCC) published a bulletin to the CEOs and CROs of all national banks stressing the need for an enterprise risk management approach to vendor risk management. In the bulletin, entitled, OCC: Third-Party Relationships: Risk Management Guidance, the office recognizes, “integrating the bank’s third-party…

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