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CeFPro Newsletter | November 2019 | Edition 60.


CeFPro Newsletter
Top stories
In our latest survey, we ask you who is the solution provider that you believe is the leader for the management of one, two or all of the following non-financial risks: Operational; financial crime; third-party; technology; conduct; and model. Take the quick poll here.
This poll is anonymous and all contributors who provide their details will receive a complimentary copy of the final report including ranking in January.


This research looks to provide insight across the industry and identify success factors from peers to benchmark and understand progress and review optimisation strategies. Take part in this Survey now!

Improving third party risk management programs to optimize operations
Featured Insights
Almost a decade after Service Organization Controls (SOC) reports were introduced, there is still confusion over the differing report types and their linkage to vendor risk analysis and internal control synergy. Read more to learn when to use the different report types and what to look for to ensure your organization is secure from third- and fourth-party threats.

The CECL deadline for Bucket 2 financial institutions has been pushed to 2023. Learn how you can use the investment made in preparing for CECL to establish an end-to-end framework that improves your current ALLL process today and sets the stage for future requirements. Regardless of when CECL ultimately takes effect, taking a proactive, strategic approach today will help minimize the CECL transition problems tomorrow.

Wolters Kluwer
CeFPro Insights Articles & Resources
"Financial institutions and the public sector have a symbiotic relationship. Financial institutions have a lot of information about financial activity, but they don’t always have the context to know what is useful or significant. The government has a better understanding of the context of financial crime through their..."

Article by Lester Joseph, Head, Global Financial Crimes Intelligence Group, Wells Fargo & Company.


This interview from Risk Americas 2019 provides us insights into lessons learned for rising women and leaders in technology, what the future holds for the future of digital currency and regulatory policy, whether the industry and government policy are on track for where the future is going and how Leaders foster an inclusive culture.

Interview with Melissa Murphy, Senior Manager of U.S. Regulatory Technology, Scotia Bank.


"A keen awareness of economics, law, and business issues will be critical, going forward. There is a distinct conflict between national security and personal privacy. As nation states, non-state actors, hacktivists, and criminal groups continue to assault our infrastructure, civil liberties may take a back seat to what is really going on. Cyber threats will increase and intensify".

Article by Philip Masqullette, SVP, CRO, Ulster Savings Bank.


At the Vendor & Third Party Risk Europe 2019 Congress, we filmed a key presentation led by Sam Lee, Head of Operational Risk, EMEA, Sumitomo Mitsui Banking Corporation Europe.

Did you know, the pre-agenda rate for the 5th Annual Vendor & Third Party Risk USA 2020 Congress event is now available online!


"There are a number of pitfalls associated with aggregating data. Anytime you aggregate, you may be losing the ability to identify data quality issues or you may be smoothing over some records that flag a risk by averaging. It is always good to be familiar with summary statistics such as max, min, standard deviations and to have investigated significant outliers. If your data hasn’t been standardized..."

Article by David Stomski, Director, Operational Risk Management, Credit Suisse.


The interview provides us with insights into how we can ensure effective testing of models for CECL use and how model risk management could advance over the years.

Insights from Nav Vaidhyanathan, Group VP, Head of Model Validation and Governance, M&T Bank.


"The long-term success of a risk management framework is driven by its ability to consistently map emerging patterns to measurable outcomes in an unbiased way. By addressing issues surrounding the preservation of firm value (economic as well as reputational) with the power of data science, financial technology has slowly started to redefine traditional lines of defense..."

Article by Alessia Falsarone, MD, Portfolio Strategy and Risk, PineBridge Investments


Risk Americas 2018 interview on cyber security simulated threat exercises and the key takeaways from the event.

Interview with Nasser Fattah, Managing Director, Bank of Tokyo Mitsubishi UFJ.

Risk americas
Research surveys and reports
Gain real world perspectives on finance, technology and innovation, financial risk and regulation with articles, interviews and report exerts from senior professionals across the industry.

Key topics include: Cyber Security | Emerging Risk & Innovation | Non-Financial Risk |Operational Risk | Model Risk |Liquidity Risk | Climate Change |Data Validation | FinTech Research | OpRisk Research | CECL.

Find out more and access your copy here.

Our team is currently working on the FinTech Leaders 2020 Report, which attracted more than 1200 end-users and 50 industry experts during the research phase between July and September 2019.
Based on their insights and opinions, the final report will be published in January and you can secure a complimentary copy now.
FinTech Leaders is the most comprehensive independent study of the global FinTech ecosystem and rankings of the leading FinTech players around the world. This research is unique within its field, with a focus purely on the practitioner perspective.


The report builds on last year’s research and is an invaluable resource to benchmark your programs against your peers, drive investment conversations within your organisation, and instil best practice approaches within your program. This report is available free of charge to participants and the wider third-party risk community to support education and benchmarking.


With Non-Financial Risk building momentum across the industry, CeFPro's research looks to assess the future of these risks, future trends and challenges and also provide peer led vendor and in-house software rankings!

Today is the last day to take a quick poll on ranking the NFR solution providers.

CeFPro Magazine
March 25-26, 2020 | New York City

The dates and location have been confirmed for the 2020 congress. Book your place now at the lowest possible Pre-Agenda Rate before the agenda launches!

June 2-3, 2020 | New York City

The dates and location have been confirmed for the 2020 congress. Book your place now at the lowest possible Pre-Agenda Rate before the agenda launches!


May 12-13, 2020 | New York City

The dates and location have been confirmed for the 2020 Convention. Book your place now at the lowest possible Pre-Agenda Rate before the agenda launches!



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