Issue 9 | 2 December 2020

Global TPRM: Cross Industry last chance to register your complimentary pass!

CeFPro’s Global Third Party Risk Management virtual Forum looks across industries at trends and best practices in third party risk. Register your complimentary pass today and join us on December 8-9 to hear from a range of thought leaders across sectors. For all information, visit the event website here.

 

CeFPro interviews Hella’s Global Head of Corporate Supply Chain Risk Management

Ahead of the above TPRM: Cross Industry forum, CeFPro interviewed one of the keynote speakers Jian Huang to discuss driving end to end supply chain risk management with a view from the automotive industry. Read the full article here.

 

Warning signs of BigTech risk to financial services

Concern grows for the long-term impact and risk to consumers of BigTech companies' conduct risk. The pandemic has further emphasised a reliance on technology, with consumers expectations evolving rapidly. The industry need to identify how technology works, who is accountable and how to react to mitigate against a repeat of the 2008 financial crisis.

FT

 

The New York Fed's Quarterly Report on Household Debt and Credit
The report showed total household debt rose to a new record of $14.35 trillion in the third quarter. Mortgage balances rose by $85 billion while non-household debt increased by $15 billion. The data likely reflects improvements in economic activity and the labor market, as well as the positive impacts of temporary relief measures provided through CARES Act provisions or offered voluntarily by leaders.
NY Fed 

 

FSB report on climate change and implications on financial stability
The Financial Stability Board has published a report outlining how climate risks could impact the financial system. The report found that current estimates of impact of physical risks on asset prices appear contained, however could be subject to considerable tail risk.

IPE

 

Offer better access to better credit offers in a pandemic economy
Learn how a few smart adjustments to your credit risk model(s) can help you more accurately differentiate credit risk in today’s pandemic economy so you can better understand and securely serve all your customers including those who may be receiving financial accommodations and “thin-file” or “no-file” consumers—without increasing your risk levels.

 

Technology debt in financial services

Technology debt remains a growing problem for financial services. It is formed by a range of factors from failing to update infrastructure platforms, limitations of legacy systems, inflexible software and non-standardized data. A survey with CIOs in financial services and tech firms identified that 10-20% of new product technology budgets is redirected to resolving issues related to technology debt.
Odgers Interim

 

Biden announces team to shape US economic policy and steer US through the COVID-19 pandemic

President-elect Joe Biden on Monday announced an economic team of experiences policymakers. “This is the team that will deliver immediate economic relief for the American people during this economic crisis and help us build our economy back better than ever,” Mr Biden said in a statement.;
BBCFT

 
Events & Webinars:
 
Global TPRM: Cross Industry
 
 
Global TPRM: Cross Industry
 
 
FinTech Leaders
 
 
Global TPRM: Cross Industry
 
10 Critical Issues
 
CeFPro Resources

Update your email preferences here

Unsubscribe