Citibank Failures in Risk Management - a podcast by Tom Fox

Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. In this episode Matt and Tom go into the weeds to look at the recent fine of $400 million against Citibank for its poor risk management processes. Some of the issues we consider are:
·      Four areas of concern(1) Poor ERM; (2) Poor compliance; (3) Poor internal controls; and (4) Data governance.·      How the OCC Order is an audit road map.
·      What does that mean for compliance on the Board?·      Did the OCC push out Michael Corbat?
·      Focus on the ERM Blueprint.  Resources
See Matt’s blog posts on Radical Compliance-Citigroup’s Governance Issues, Part 1 and Citigroup, Part 2-Better ERM ProgramLearn more about your ad choices. Visit megaphone.fm/adchoices

Further episodes of Compliance into the Weeds

Further podcasts by Tom Fox

Website of Tom Fox