Weekly OpRisk Updates: AI Risk & Governance, DORA, Misconduct, Cyber Insurance (4th November 2024)

Stay ahead of the curve with our weekly operational risk news update! In this brief podcast, we cover the latest developments that could influence your organization's risk management strategies:

- Key operational loss events reported last week.
- FCA urges UK wholesale sector to strengthen misconduct governance.
- BoE promotes ethical AI through new governance framework TRUSTED.
- AI governance gaps expose firms to escalating compliance risks.
- CSA and NYDFS address AI-driven cybersecurity threats and safeguards.
- EU's DORA enforces stringent ICT risk management for financial sector.
- Gallagher Re reports rising cyber claims amid declining insurance rates.

All the insights mentioned in this podcast are derived from news articles and detailed analysis captured within the RiskSpotlight Portal—the world's first forward-looking operational risk content service. Don’t miss out on any critical updates!