Insights

News, updates, and meaningful insights from the MBK Search team.

LATEST INSIGHTS
25 July 2024
What new ARGA legislation will mean for UK GRC
The King's Speech has unveiled plans for a Draft Audit Reform and Corporate Governance Bill, signalling significant changes in the UK's regulatory landscape. MBK Search has pulled out these crucial aspects that risk managers and compliance professionals need to understand:
22 July 2024
How Risk Managers Should React to the Microsoft / Crowdstrike Outage
On July 19, 2024, a major IT outage caused by an update from security software provider Crowdstrike brought critical infrastructure worldwide to a standstill. Here are key insights and steps for risk managers and compliance professionals to avoid similar crises in the future.
18 July 2024
What New Mortgage AVM Rules Mean for Hiring
Federal regulators have introduced new rules to ensure the quality and reliability of AVMs. Here’s a breakdown of what you need to know about these changes and how they'll affect hiring in GRC:
17 July 2024
EU's Corporate Sustainability Due Diligence Directive: A New Era for Business Accountability
The European Union has taken a big step toward corporate responsibility with the Corporate Sustainability Due Diligence Directive. This new law ensures companies address human rights and environmental impacts throughout their value chains. Here are five key aspects of this transformative directive:
16 July 2024
FSB Unveils Cross-Border Payment Guidelines
The Financial Stability Board (FSB) wants banks and payment service providers (PSPs) involved in cross-border payments to enhance the consistency of their regulatory and supervisory practices. In a report released in July, the FSB outlined six key recommendations along with steps for implementation. Here's a summary from MBK Search:
12 July 2024
CFPB proposes streamlined loss mitigation framework rule
The Consumer Financial Protection Bureau (CFPB) has proposed amendments to Regulation X to make it easier for homeowners to get help when they struggle to pay their mortgages.
27 June 2024
5 key trends in cybercrime: What GRC professionals need to know
MBK Search explores 5 key trends from SoSafe's 2024 Cybercrime Trends report.
5 June 2024
FDIC Risk Review points to more GRC hiring
The FDIC's 2024 Risk Review paints a complex picture for the U.S. banking sector. While the industry demonstrated resilience in 2023, several key risks demand close attention from financial professionals, regulators, and bank executives, with clear implications for hiring and recruitment.
3 June 2024
Audit to Hire: What the Fed's deposit survey could mean for Internal Auditors
The 2024 Senior Financial Officer Survey (SFOS) conducted by the Federal Reserve emphasized the crucial role that internal auditors play in ensuring the effectiveness and compliance of these strategies.
31 May 2024
Top Cybersecurity Jobs in 2024: What Banks Need to Know
MBK Search explores what these issues mean for financial firms looking to bolster their cybersecurity ranks.
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