From AI Risks to Regulatory Shifts: The Biggest Debates Right Now
Center for Financial Professionals (CeFPro)
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BP is pulling back on renewables, AI is shaking up credit risk, and third-party oversight is tightening - what does it all mean for financial services? This week, we break down the biggest industry moves, plus insights from top experts and a brand-new event launch.
Fuel your week with curated intelligent insights from CeFPro Connect.
Connect Magazine Issue 5 is out now!
This month’s Connect Magazine dives into the critical forces shaping risk management, from AI’s role in decision-making to the next evolution of ESG. Discover how top experts are tackling climate impact, governance challenges, and the growing dominance of non-financial risk.
BP Retreats from Renewables, Refocuses on Fossil Fuels
BP’s decision to scale back its renewable energy ambitions underscores the growing tension between financial performance and sustainability commitments across the energy sector. As investor pressure mounts, oil majors are reassessing their strategies in a rapidly evolving market.
This shifting landscape was a key topic at CeFPro’s Sustainable Finance Summit last week, where industry leaders debated how to drive sustainable progress while navigating economic and political headwinds. Over two days, experts shared insights on maintaining a low-carbon future despite these challenges - stay tuned for exclusive behind-the-scenes interviews coming soon to Connect.
Why Spreadsheets Are Falling Short in Modern Risk Management
RCSA is evolving beyond spreadsheets as AI, automation, and real-time monitoring reshape risk management. Firms leveraging AI-driven risk models and robotic automation gain a competitive edge in mitigating threats. As risks grow more complex, outdated tools won’t cut it.
UK Unveils Stricter Oversight for Critical Third-Party Providers
The UK introduces a new regulatory framework for critical third-party providers (CTPs) to ensure financial system resilience. Key tech firms will face stricter compliance, while financial institutions retain responsibility for their own risk management.
This development aligns closely with the discussions at our upcoming Vendor & Third Party Risk Europe event, where evolving regulations will be a key focus of discussion. Don't miss your chance to hear from industry experts.
CeFPro Launches Vendor & Third Party Risk USA Event in NYC This June
CeFPro’s Vendor & Third Party Risk USA event lands in NYC this June, uniting top industry experts to tackle key issues, from cyber risk to resilience. Join the conversation on metrics, compliance, and contract management to stay ahead in third-party risk.
How Exit Strategies Can Bolster Resilience in a Stricter Regulatory Era
In a more stringent regulatory environment, organizations must develop exit strategies tailored to critical functions. Jeff Simmons discusses how effective plans must go beyond compliance, focusing on business continuity, resilience, and supplier disruptions to ensure operational stability.
AI Revolutionizes Credit Risk Modeling, But Risks Persist
As AI and machine learning reshape credit risk modeling, professionals face the challenge of balancing enhanced accuracy with interpretability. This shift requires managing inherent risks while ensuring models align with human judgment and regulatory standards.
Listen to the soundbite from Credit Risk Unlocked with Varun Nakra.