Tag: risk management

Credit Suisse

Compliance Lessons from Credit Suisse’s $387M Risk Management Failure Penalty

On By Jaclyn Jaeger

UBS Group has been ordered to pay approximately $387 million in total penalties in a global resolution stemming from significant risk management failures by Credit Suisse related to its relationship with hedge fund Archegos Capital Management, the Federal Reserve Board announced. On July 24, the Federal Reserve Board announced a Read More

How Employees Are Using ChatGPT on the Job

On By ChatGPT

Office workers are using ChatGPT, or similar conversational AI models, for various tasks and purposes. Some of these uses can create risks of which compliance officers should be aware. Here are a few examples: 1) Virtual Assistants: ChatGPT can act as a virtual assistant, helping office workers manage their schedules, Read More