Common sense on cybersecurity
Today’s post contrasts two recent pieces. PwC shared some very traditional thinking in Overseeing cyber risk: the board’s role.
internal control
How effective are your systems of governance, risk, and control/compliance (GRC)?
The majority of internal audit functions perform a variety of audits every year and provide an opinion (ideally) or at least a list of risk-ranked weaknesses (far less than ideally) on the scope of each audit.
The Bank for International Settlements issues paper on the regulation of digital payment services and e-money
In early July 2021, the BIS issued a paper on the regulatory requirements for digital payment and e-money services offered by non-bank service providers (“non-banks”). The paper addresses the proliferation of non-banks in retail payments and the questions that are related to their regulation.
