Regulators require that financial services companies take a risk-based approach (RBA) to maintain compliance, which can seem like a heavy burden on businesses in terms of costs, workforce and ...

A new joint report published by Europol and its partners provides financial institutions with a structured, risk-based ...

Learn how the Advanced Internal Rating-Based (AIRB) approach helps financial institutions internally assess credit risk using key metrics like LGD, EAD, and PD.

To assist program managers with these efforts, the GAO developed this technical appendix, which supplements and complements ...

After much criticism and debate over the best approach to regulating business, in December the Public Company Accounting Oversight Board proposed a new audit standard for Sarbanes-Oxley Section 404 ...

A risk-based cybersecurity approach prioritizes threats based on their likelihood and impact. The goal is to shift security from a reactive checklist to a proactive driver of resilience, efficiency ...

In December, the three branches of the European Union came to a hard-fought agreement on the world’s first set of rules on the development and use of artificial intelligence. The so-called AI Act uses ...

Background. As part of an international effort to recalibrate how banks calculate their risk‑based capital, U.S. bank regulatory agencies (the “Agencies”) recently proposed major changes to how banks ...

The National Academies of Sciences, Engineering, and Medicine are private, nonprofit institutions that provide expert advice on some of the most pressing challenges facing the nation and world. Our ...