Glossary of Compliance
Compliance Glossary
Our list of curated compliance glossary offers everything you to know about compliance in one place.
Electronic Signature
An electronic signature, or e-signature, authenticates that an individual who demands to have created a message is the one who created it.
A signature can be defined as another layer of authentication and security as a schematic script related to a person.
Additional reading
DORA Compliance: Stay Ahead or Fall Behind
What happens when the global finance systems fail unexpectedly? In February 2022, a cyberattack on ION Group, a key service provider for banks and brokers, brought down trading systems in Europe and the United States. Overnight, firms were forced to manually process trades, scrambling to stay up with market movements. The disruption lasted many days,…
Risk Management Automation: A Comprehensive Guide
TL,DR: Risk management automation uses technology to streamline risk identification, assessment, mitigation, and reporting across the entire lifecycle, reducing reliance on manual methods and enabling real-time decision-making Conventional risk management systems are expensive and time-consuming. Automation reduces human error, enhances consistency and accuracy of risk assessments, and enables proactive responses to emerging threats through continuous…
Risk Acceptance in Risk Management: Understanding, Strategies & Best Practices
TL,DR: Risk acceptance is a deliberate decision to acknowledge and tolerate a risk without taking immediate steps to eliminate or reduce it, typically when the cost of mitigation exceeds the potential damage or the risk falls within acceptable levels Risk acceptance requires calculations based on the organization’s risk appetite and must be formally documented with…
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