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:
24 July 2024
FTC sets its sights on surveillance pricing: Key points
The Federal Trade Commission (FTC) has launched a significant investigation into "surveillance pricing" practices, signalling a new frontier in consumer protection and data privacy. This will have implications for risk managers and compliance professionals across financial services. Here are five key aspects to consider:
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.
11 July 2024
Regulatory challenges await post Corner Post ruling
The Supreme Court's Corner Post ruling is set to raise the stakes on regulatory bodies in the U.S.
10 July 2024
Proposed OCC rules for $100b+ banks will spur Internal Audit hiring
At MBK Search, we expect that this will spur hiring in key risk management and compliance functions. Here are the key takeaways:
5 July 2024
Key takeaways from the Bank of England's Financial Stability Report 2024
The Bank of England released its biannual Financial Stability Report, and there was plenty for GRC professionals to sink their teeth into. Here are six key takeaways.
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