Another US Regional Bank Failure? First Republic Bank was seized by the Federal Deposit Insurance Corp. (FDIC) and sold to JPMorgan Chase in a fire sale on May 1, 2023. This marked the end of the San Francisco-based lender that specialized in banking wealthy individuals and marked the third US regional bank to collapse in…
Historically, most organizations and their stakeholders have vehemently pursued business and financial growth while taking a reactive approach to risk management. Although facilitating business growth will remain at the top of organizational leaders’ priority list, companies can no longer afford to be defensive regarding risk management. Forward-thinking decision-makers are keenly aware of this fact, which…
What are the New Climate Disclosure Rules for Federally Regulated Institutions? These regulations state that starting in 2024, federally regulated financial institutions, like banks and insurance companies, will be required to disclose their climate-related risks and exposure. For example, there are physical risks associated with climate change, such as extreme weather events and water scarcity….
What is the CSA Corporate Diversity Reporting Rule? The goal of this rule is to influence management teams at Canadian corporations to advance Diversity, Equity, and Inclusion (DEI) in the workplace, as well as to promote greater disclosure on these topics. The Corporate Diversity Reporting rules apply to federally incorporated public companies from January 1,…
Am I Setting Myself Up for My Next Career Move? If you have ambitions to grow and advance your career, your current job and other professional involvements should serve as a canvas to develop, show what you can do, and make an impact. That impact is summarized by the “bullet points” in your resume, and…
What is the Climate Investment Taxonomy Regulation? The Climate Investment Taxonomy criteria’s objective is to provide financial market participants with greater clarity on what constitutes a climate investment. Specifically, these regulations were intended to lay out the criteria for investments and other economic activities that can contribute to Canada’s ambition to reach net-zero emissions by…
There’s no denying Artificial Intelligence (AI) is the hottest topic in tech right now. Some businesses are running towards it, while others are trying to slow its progress—and whether we’re ready or not, the introduction of OpenAI’s ChatGPT and other tools like it have changed the way we access and consume information. Hosted as a…
If there’s one topic we all can’t stop talking about, it’s artificial intelligence. Across platforms, industries, age groups, and dinner tables, AI’s enormous potential — and pitfalls — is dominating conversations. What does the development of AI hold for finance and banking professionals? How is AI being used today and what can we expect in the…
What are the SEC’s Climate Risk Disclosure Regulations? In March 2022, the SEC published its proposed Climate Risk Disclosure regulations, also known as “The Enhancement and Standardization of Climate-Related Disclosures for Investors.” For the first time in history, management at publicly traded U.S. companies must provide information on the climate risks associated with their operations…
What are the Human Capital Disclosure Rules? The SEC Human Capital Disclosure Rule, also known as “The Securities Exchange Commission (SEC) Modernization of Regulation S-K Items 101, 103, and 105,” entered into effect on November 9, 2021. At its core, these rules require management at publicly traded companies to disclose information about their workforce, including…
