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Mitigating credit risks for boards and companies resulting from artificial intelligence

Mitigating credit risks for boards and companies resulting from artificial intelligence

To avoid the risks that AI poses to boards’ compliance with their fiduciary duties, boards must oversee all AI-facilitated operations, ensure adequate data security controls, and conduct at least annual reviews of AI vulnerabilities. Board oversight of and...
Understanding the Transition from LIBOR to SOFR

Understanding the Transition from LIBOR to SOFR

What Your Company Needs to Know About the Transition from LIBOR to SOFR Replacing US Dollar LIBOR with a Transaction-Based Rate: SOFR While several benchmark interest rates have been proposed to replace US Dollar LIBOR, the Secured Overnight Financing Rate (SOFR) was...
Cybersecurity risks in financial institutions

Cybersecurity risks in financial institutions

How cybersecurity risk awareness helps protect organizations from breaches In an era marked by increasing reliance on digital technology in most aspects of life, cybersecurity has become an integral part of organizations’ strategies to protect themselves from...

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