On May 23, at the 13th Summit on Anti-Corruption, Integrity & ESG in São Paulo, organized by American Conference Institute , I had the pleasure of interviewing Luiz Navarro, the Chief Compliance and Risks Officer at BNDES. In the aftermath of the Car Wash operation, BNDES faced challenges in regaining relevance and reputation. Luiz emphasized the importance of implementing stricter internal controls and compliance measures to rebuild trust and transparency. BNDES is focusing on strengthening due diligence procedures and assessing the severity of red flags to mitigate risks in financing decisions. BNDES is actively exploring mitigation strategies and corrective action plans for companies with red flags, aiming to harmonize compliance requirements with business imperatives. One notable shift is that companies seeking BNDES credit lines will now be required to present their compliance programs. This move aligns with BNDES's commitment to upholding integrity and aligning with regulatory standards. It is expected that BNDES will adhere to the guidance provided by the CGU (Controladoria-Geral da União) to enhance its compliance practices further. Overall, my interview with Luiz Navarro shed light on the proactive measures BNDES is taking to navigate the evolving compliance landscape and ensure responsible financing practices. Through a strategic focus on compliance, risk management, and transparency, BNDES is poised to strengthen its position as a leading financial institution committed to integrity and sustainability. #BNDES #Compliance #ESG #CGU #Integrity #tozzinifreire #CorporateGovernance
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GPC Announces the Shortlisted Companies for the 2024 Excellence in Governance Awards #EGA2024 Governance Professionals of Canada (GPC) is pleased to announce the shortlisted companies for the 2024 Excellence in Governance Awards (EGAs). This year marks a significant milestone for GPC, as we also celebrate our 30th year as an organization focused on supporting and guiding Canadian governance practitioners. In its 11th year now, the EGAs recognize and shine a light on the important contribution that organizations, their Boards and their Governance Professionals make in terms of best practices that build and sustain stakeholder value, which in turn raise the bar for good governance in Canada. Click here to view the full press release and shortlisted companies in each category - https://lnkd.in/ghwWeiuG Congratulations to all the shortlisted winners! #shortlisted #governance #engagement #risk #strategy #ESG #purpose #EDI #organizationalgovernance
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Only four out of an estimated 6,000 captive insurance companies worldwide have signed up to the UN Principles for Sustainable Insurance and we are proud to be recognised as one of the companies which has implemented the principles. Franck Baron, Group Deputy Director at International SOS and president of IFRIMA – The International Federation of Risk and Insurance Management Associations, shares on Commercial Risk how International SOS has used its captive to invest in risk management initiatives linked to its ESG agenda, such as implementing software to measure its carbon footprint. Learn more: https://okt.to/mNxejc #RiskManagement #ESG #Sustainability
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Ahead of the March 2025 transition deadline, the FCA issues a reminder to firms of how it expects its operational resilience rules to be implemented and embedded. The regulator outlines its observations on the sector’s preparedness and highlights the steps firms should take to meet its expectations across key areas of the operational resilience framework, including impact tolerances, scenario testing, and governance. Read PwC UK summary of the FCA’s publication and the actions for firms to consider here.
FCA issues operational resilience reminder
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The Fieldwork Phase: The Heart of #IASSB Audit Methodology! This critical stage of the #IASSB Audit Methodology focuses on three key areas: evidence testing, reasonable estimation, and control assessments. 📊✅ Our latest article takes a deep dive into the Fieldwork Phase and explores its significance in ensuring the credibility and reliability of #SustainabilityAssurance. Learn how this crucial stage contributes to the overall integrity of #ESG reporting. 🌿📈 Fore more insights: https://lnkd.in/dSbukYaT #IASSBFieldwork #EvidenceTesting #ReasonableEstimation #ControlAssessments #SustainabilityReporting
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#FASB activity slowed in the second quarter of 2024 but is expected to pick up in the third. Learn more in this overview from Forvis Mazars, which includes updates in outstanding exposure drafts and ongoing projects. https://bit.ly/3Lpt9lj
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Director @ PwC UK | Excited about solving your risk modelling & actuarial requirements | General Insurance - Lloyd’s - Risk - Actuarial - Regulatory - Remediation - Tools | Food & wine enthusiast
Ahead of the March 2025 transition deadline, the FCA issues a reminder to firms of how it expects its operational resilience rules to be implemented and embedded. The regulator outlines its observations on the sector’s preparedness and highlights the steps firms should take to meet its expectations across key areas of the operational resilience framework, including impact tolerances, scenario testing, and governance. Read PwC UK's summary of the FCA’s publication and the actions for firms to consider here.
FCA issues operational resilience reminder
pwcuk.smh.re
