The Network in the News
Be Proactive in the Fight Against Fraud
February 06 2012
By Luis Ramos, CEO, The Network, in The Bank Board Letter (December 2011)
As we climb out of the economic crisis, which began in the last decade, financial institutions large and small face increasing regulatory and compliance demands. While banks and lenders are constantly on guard for consumer-level fraud, internal fraud often goes undetected and can cause irreparable harm. Even with limited resources, many community banks are leveraging progressive, proactive measures to combat…
Top 12 GRC Considerations for Financial Companies in 2012
January 23 2012
by Luis Ramos, CEO, The Network, in Corporate Compliance Insights (Jan. 18, 2011)
While regulation is certainly not a new concept to the financial industry, the risks posed by regulatory non-compliance will continue to drive global enterprises to tighten their focus on risk management – literally, the center of GRC – and find the balance between business value and business ethics.
Perhaps no market segment has been subjected to more criticism or felt…
Encourage Whistle-Blowers To Douse Fraud
January 20 2012
by Steve Watkins, Investor’s Business Daily, January 19, 2012
The number of fraud incidents that firms face is rising, according to two recent surveys. Company leaders can take steps to fight the fraud and limit damage if it does occur.
- Pay attention. The incidences and cost of chicanery have increased, according to accounting firm PwC’s recently released 2011 Global Economic Crime Survey. It showed that 45% of those surveyed said their company had…
Enhancing Compliance Initiatives Keeps You Ahead of Regulatory Change
January 18 2012
by Luis Ramos, CEO, The Network, in BankNews (January 2012)
While we are beginning to see some rays of sunshine amid cloudy economic times, beleaguered financial institutions continue to face increasing regulatory and compliance demands along with a great deal of consumer scrutiny. Community banks in particular struggle with the twin challenges of limited resources and a perpetually changing regulatory environment.
Because of limited resources, the fallout from regulatory non-compliance can be catastrophic…
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IN THE NEWS
Top 12 GRC Considerations for Financial Companies in 2012
While regulation is certainly not a new concept to the financial industry, the risks posed by regulatory non-compliance will continue to drive global enterprises to tighten their focus on risk management – literally, the center of GRC – and find the balance between business value and business ethics.
PRESS RELEASES
The Network and BDO Consulting Release 3Q Quarter 2011 Findings in the Corporate Fraud Index
Led by reports of theft, fraud incident reporting sets high mark; reporting volume increases substantially from previous year.
