Whitepapers

The Risk & Compliance Platform Europe offers a qualitative online database with white papers, case studies and best practice articles on risk and compliance. This free information is used by many professionals to inform and orient a possible purchase or policy decision.

Do you want to publish your white paper / case study / best practice article on the Risk and Compliance Platform Europe? Simply send an email to info@riskcompliance.nl including your contact details and a brief summary of your proposed article. Our editorial staff will contact you as soon as possible to discuss the options for publishing your document / article.

Visitors to the Risk & Compliance Platform Europe can download any white paper / case study / best practice article for free. This service is intended for those with a professional interest in risk and / or compliance.

Whitepaper

Diligent

5 Climate Change Risks You’re Probably Not Talking About… (But Should Be)

16 May 2022

Support for environmental proposals has never been higher, and companies are feeling the pressure from stakeholders of all kinds: not only investors, but also customers and employees. The climate crisis can have a huge impact on your business – and while the longer-term implications may be obvious, there are a number of specific operational and business risks that your organization may not have considered. In their brand-new whitepaper, Diligent outlines five key climate change risks you could be in danger of overlooking – and highlights the benefits of addressing them proactively.

* Transition Risk – we’re all familiar with the business-adjacent physical risks that come with climate change. But organizations must also give serious consideration to transition risk: the legal, technology, market and reputation risks associated with climate transition planning.

*Scope 3 Emission Risk – the regulatory grip is tightening on Scope 3 emissions (defined as all indirect emissions that occur in the company value chain, including both upstream and downstream emissions). While reporting on Scope 3 emissions is not yet mandatory for most businesses, it will soon become a requirement.

*Talent Risk – the success – or failure – of an organization is dependent on the skills and expertise of those leading the way. As companies adjust to a low-carbon economy, they must anticipate the operational, reporting and leadership challenges ahead – and anticipate the skill sets they will need across all lines of business.

*Diversity Risk – diversity needs to be given serious thought from a climate standpoint. Failure to include marginalized voices will encourage a myopic approach to climate issues, which need to be considered from every angle.

*Profit Risk – organizations must identify ways to create value now through investments in businesses or in capabilities that will contribute to solving the climate crisis.

Your reaction to climate change now will define how your business fares in the future. Download this whitepaper on our platform for free to discover what the benefits are of addressing these climate change risks.

Whitepaper

PwC

Know Your Customer’s ESG Risks

24 April 2022

Why ESG should be part of a Financial Institution’s Customer Due Diligence process !

Customer Due Diligence is a key component of a compliance framework and an essential tool for managing the risk of financial crime and money laundering. However, as the regulatory landscape continues to evolve and issues relating to climate change, human rights and social responsibility are gaining importance, financial institutions are under pressure to broaden their view of ESG risks when assessing their current and potential customer base.

Why should a Financial Institution’s Compliance and Risk professionals care about ESG? What are key considerations for a successful ESG risk assessment? And finally good practices and recommendations are to be found in this whitepaper.

Whitepaper

Diligent

A Buyer’s Guide to ESG Data Management Software

31 January 2022

Are ESG initiatives meeting expectations, deadlines and commitments? Is data being consistently disclosed across stakeholders and frameworks? An ESG solution can help boards and executives keep their fingers on the pulse of activities and progress — and spot red flags before they escalate into issues. For these reasons and more, monitoring and reporting capabilities are core to an effective ESG solution. A dashboard, particularly a customizable one with real-time data, can give organizations visibility into KPIs, metrics and commitments. And automated monitoring can help ESG teams sift through mountains of information in a fraction of the time.

Preparing your organization for today’s ESG data challenges and beyond ? This whitepaper can be downloaded for free.

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Whitepaper

Hyarchis

Regulatory Technology on the Rise

09 October 2021

The 2008 financial crisis paved the way for a wave of new laws and regulations in the financial sector. The financial system’s collapse had a profound impact on the global economy, which led to stricter scrutiny over financial institutions and specifically their role as gatekeepers. Increasingly, the responsibility of combating financial crime is shifting to the private sector, and there are now estimated 750 institutions worldwide that regulate activities within the financial services industry. This has a huge yet largely unseen impact on the industry. Compliance with laws and regulations is thus becoming less of a prerequisite and instead becoming a core competency for financial institutions.

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Whitepaper

IIA

Risk in Focus 2022

28 September 2021

Risk in Focus is an annual thought leadership research project analysing the top risks faced by organisations across Europe. It is an essential tool for audit committees and a barometer of what Chief Audit Executives (CAEs) and others perceive as their organisations’ risk priorities for 2022 and beyond. Climate change and environmental sustainability is now seen as a top five risk by as many as 31% of CAEs, representing an increase of more than 40% on last year’s survey.

The new report identifies leading risks to organisations in 2022 as: cybersecurity and data security, change in laws and regulations, and digital disruption and AI. As businesses weigh up what working models to embed post-pandemic, the risks to culture, morale and staff cohesion should not be underestimated. Human capital, diversity and talent management is cited by 40% of CAEs as among their top five risks. Moreover, the report takes its lead from COVID-19 and the dizzying pace of change and uncertainty that the pandemic has brought as regards data security, workplace fatigue, financial risk, etc. It also looks to climate change as a principal risk at what is a time of conflicting priorities for internal audit.

As a visitor to the Risk & Compliance Platform Europe, you can download the new Risk in Focus 2022 report for free.

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Whitepaper

Fourthline

KYC Remediation: Mistakes and Best Practices

01 December 2020

Regulatory scrutiny obliges banks to re-validate existing clients. Done right, it leads to better customer data and less fraud – but done wrong, it can be the ultimate money pit Visitors to the Risk & Compliance Platform Europe can download this white paper about KYC Remediation for free. This document is intended for those with a professional interest in risk and / or compliance.

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Whitepaper

Neo4j

Effective Internal Risk Models Require a New Technology Foundation

07 October 2020

Fundamental Review of the Trading Book (FRTB) regulations are part of the upcoming Basel IV set of reforms and create specific capital-reserve requirements for bank trading desks based on investment-risk models. The new regulations require banks to reserve sufficient capital to maintain solvency through market downturns and avoid the need for governmental bailouts. Banks are using FRTB mandates as an opportunity to build a firm foundation for future risk management and compliance applications that lowers development and staffing expenses, optimises reserve ratios, maximises available capital and drives investment profits. Relational database technology is not the best when it comes to banking and risk modelling and finding the right foundation for building compliance solutions is key. Neo4j answers the demands of Fundamental Review of the Trading Book (FRTB) regulations while building a foundation for future investment and risk compliance applications. Discover what it takes to create effective internal risk models and how to track investment data lineage using a graph database like Neo4j.

Visitors to the Risk & Compliance Platform Europe can download this white paper for free. This document is intended for those with a professional interest in risk and / or compliance.

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Whitepaper

IIA

Risk in Focus 2021: Covid-19 changes the risk profile of the organisation

24 September 2020

Let it be known, Covid-19 has serious consequences for the risk profiles of many organisations and therefore also for the audit plans for 2021. It is therefore not surprising that “Disasters and Crisis responses” has entered new and high in the top 10 hot topics for internal audit. This list of hot topics is included annually in IIA’s Risk in Focus report. Every year, the European Institutes of Internal Auditors join forces to assess the risks Chief Audit Executives foresee for the following calendar year. As the results of the report reveal, for the third year in a row, cybersecurity risks remain at the top. Macroeconomic and geopolitical risks were up 29 percent from last year. The importance of resilience and adaptability is clear from the report. The results of the report are also very valuable for organisations that have to prepare the audit plans for 2021 and it provides a good overview of the challenges ahead in the coming year. As a visitor to the Risk & Compliance Platform Europe, you can download the new Risk in Focus report for free.

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Whitepaper

Efficient Frontiers

Simplifying the Customer Journey – Little changes, BIG impact

01 July 2020

Compliance with tax regulations often involves the collection of data from customers that needs to be validated and used for withholding tax purposes and/or tax reporting. How this data is collected and validated can have a significant impact on the customer journey.

Customer relationships can be won and lost based on their experiences with completion of this important tax documentation. The financial and reputational risks associated with getting the tax compliance and reporting wrong are high. Getting the balance right can be tricky.

We are pleased to share a recent case study that outlines how our tax and technology experts helped to develop a solution for a client that streamlined their IRS W-Series Tax form process.

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Whitepaper

 

Neo4j Privacy Shield Turn Privacy Regulations into Opportunity

15 April 2020

General Data Protection Requirements (GDPR) is the European Union regulation governing how EU residents’ personal data can be stored and managed. All companies, wherever they are based, must tightly understand, control and manage their possession of European personal data, or face prosecution and heavy fines. According to PwC, 92 percent of multinationals view GDPR compliance as a top priority. Of those companies, more than three-quarters have allocated over a million dollars for compliance efforts, and nearly ten percent plan to spend more than ten million dollars each. To reap high returns from your GDPR investment, look beyond compliance issues. Instead, pursue a well designed privacy and cybersecurity strategy for the personal information you manage across your enterprise.

Discover Neo4j’s Privacy Shield comprehensive solution for EU’s GDPR regulation. Neo4j Privacy Shield helps individuals visualize their private data and control its use while internal staff members provide fast answers to privacy inquiries. It also enables privacy managers to trace data flows, investigate potential breaches, and prove compliance to regulators. Without graph technology, it’s almost impossible to understand the full lifecycle of personal data. The visualization, data lineage, connected data analysis and pattern detection tools in Neo4j Privacy Shield make it a uniquely powerful solution.

Visitors to the Risk & Compliance Platform Europe can download this whitepaper for free. This document is intended for those with a professional interest in risk and / or compliance.

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