White Paper
Policy & Procedural Regulations: The New Risk Management
Policing policies through well-defined procedures and time-tested processes
The proliferation of new risk management regulations has made it increasingly difficult for banks, investment firms, insurance companies, and other financial services firms to effectively manage their policies, processes, and procedures.
No fewer than 20 different federal laws regulate information sharing and provide consumer privacy protection, five of them specifically targeted at regulating data sharing by financial institutions: the Gramm-Leach-Bliley Act, the Fair Credit Reporting Act, the Electronic Fund Transfer Act, the Right to Financial Privacy Act, and the Telephone Consumer Protection Act. And let’s not forget about SOX, or the PCI Security Standards Council’s Data Security Standard (PCI-DSS), which provides an actionable framework for developing a robust payment card data security process, including prevention, detection, and reaction to security incidents.
This white paper addresses three primary ways of simplifying the process in order to optimize, control and enforce the necessary policies, processes and procedures.
Read “Policy & Procedural Regulations: The New Risk Management” to learn Nahteava’s step-by-step strategy, framework, and approach to effectively manage your policies, processes, and procedures to ensure compliance with the ever-changing rules.