Financial Industry Risk & Regulation Expert Candice Nonas to Speak at Prominent Operational & Risk Management Conference in N...
October 10 2017 - 3:05PM
Business Wire
She’ll Discuss Why Banks Still Suffer Loss in
This Key Risk Area
RGP Managing Consultant Candice Nonas will discuss the
challenges banks and other financial institutions face when trying
to manage operational risk and mitigate resulting losses at the 3rd
Annual Operational & Enterprise Risk Management Congress 2017
on October 19-20, 2017, at the New York Marriott Downtown in New
York, NY.
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the full release here:
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Candice Nonas to Speak at Prominent
Operational and Risk Management Conference in New York City (Photo:
Business Wire)
“News headlines are filled with accounts of losses banks and
other financial institutions suffer as a result of not managing
operational risk,” said Nonas, a veteran in the financial services
industry who has spent her career in investment banking and bank
regulation. “If we look back at the major causes of the recent
recession, we see that many banks and financial institutions lacked
basic processes and procedures to capture and mitigate operational
risk. As a result, regulators have sharpened their pencils and
introduced new regulations in these areas and increased standards
for holding banks accountable.
“Financial institutions are increasingly engaging with third
parties to support core business processes, provide critical
technology support and conduct direct customer-related activities,
making it more important than ever that these institutions get risk
management right for both business and strategic reasons,”
according to Nonas, who previously worked for the FDIC in
Washington, D.C.
“Third-party risk is a key talking point in the industry and at
the conference because financial institutions are being held
responsible for the actions of third parties taken on their behalf,
including lenders, servicers, and lawyers,” said Nonas. “Since that
responsibility goes all the way up to the board of directors, risk
managers must have a governance process that informs the board of
the entire cycle of managing third-party risk: risk assessment, due
diligence and selection, contract structuring and oversight,”
according to Nonas.
About RGP
RGP is a multinational business consulting firm that helps
leaders execute internal initiatives. Partnering with business
leaders, we drive internal change across all parts of a global
enterprise – accounting; finance; governance, risk and compliance
management; corporate advisory, strategic communications and
restructuring; information management; human capital; supply chain
management; and legal and regulatory.
RGP was founded in 1996 within a Big Four accounting firm.
Today, RGP is a subsidiary of a publicly traded company, Resources
Connection, Inc. (NASDAQ: RECN), with over 3,300 professionals,
annually serving over 1,800 clients around the world from 69
practice offices.
Headquartered in Irvine, California, RGP has served 87 of the
Fortune 100 companies. Visit www.rgp.com/global-offices to find the
office nearest you. (RECN-M)
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