Tom Osborn

London

Risk Benchmarking Editor at Risk.net

https://t.co/oOTnvC7fGx

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Articles

NY Fed Home Loans Bank spurns multi-cloud model

2 weeks ago | waterstechnology.com | Tom Osborn

Migrating its tech stack to the cloud has helped the Federal Home Loan Bank of New York get off “the tech debt treadmill,” according to its chief information officer, but the mortgage specialist ruled out adopting a multi-cloud model, concluding that the potential gains from diversification were outweighed by the difficulties of migrating its custom setup. “We’ve discussed the issue of multi-cloud,” said Michael Radziemski, chief information officer at the NY FHLB, speaking at WatersTechnology’s
NY Fed Home Loans Bank spurns multi-cloud model

3 weeks ago | risk.net | Tom Osborn

Migrating its tech stack to the cloud has helped the Federal Home Loan Bank of New York get off "the tech debt treadmill", according to its chief information officer, but the mortgage specialist ruled out adopting a multi-cloud model, concluding that the potential gains from diversification were outweighed by the difficulties of migrating its custom setup.
De'Aaron Fox May Have Surgery For Dislocated Left Pinky Soon

Mar 8, 2025 | basketball.realgm.com | Tom Osborn

San Antonio Spurs guard De'Aaron Fox has been playing through a dislocated left pinky finger. Fox has said that the injury will necessitate surgery. Now, there might be a timeline forming for when Fox will have that surgery. The veteran guard will meet with doctors in Los Angeles when the Spurs travel to play a makeup game against the Los Angeles Lakers on Marcy 17. Fox said that meeting will tell him how to move forward. "The surgery may or may not happen that day," Fox said.
On resilience risk, banks prepare to let the bad times roll

Jan 7, 2025 | risk.net | Tom Osborn

Jump to: Organisation and staffing | Controls | Regulation | Mini-methodologyBack in the distant pre-pandemic days of 2018, UK financial regulators - reeling from a series of outages at several of the country's largest high street lenders that left customers locked out of their accounts for more than a week - announced plans to bring together disparate best practice guidance around disaster recovery and business continuity under the banner of operational resilience.
For banks, change risk is inevitable; managing it, optional

Jan 2, 2025 | risk.net | Tom Osborn

Jump to: Taxonomy | KRIs| Scenario analysis | Mini-methodologyLast year's Op Risk Benchmarking survey saw widespread acknowledgement among regional banks that effectively managing the risks arising from organisational change was increasingly important - and that regulators were showing growing interest in it - but little agreement was reached on how to tackle it, or even what to call it.
As supplier risk grows, banks check their third-party guest lists

Dec 25, 2024 | risk.net | Tom Osborn

Jump to: KRIs | Regulation| Reporting | Mini-methodologyThird-party risk management (TPRM) jumped from seventh in last year's Top 10 Op Risks survey to the third top concern this year among regional banks - the result of a litany of failings at key service providers that have brought trading in some markets to a halt more than once in the last 18 months, as well as a regulatory response placing the onus on banks to manage vendor relationships more effectively.
Banks feel regulatory heat on op resilience

Dec 10, 2024 | risk.net | Tom Osborn

Banks are reporting growing scrutiny of their operational resilience frameworks as a number of regulatory deadlines loom. In the latest round of Risk.net 's Operational Risk Benchmarking survey, five large banks said their primary regulator's focus on operational resilience had increased "significantly" during the preceding 12 months. Most commonly, say banks, this scrutiny has taken the form of enhanced reporting requirements, with two citing this as a supervisory tool of choice.
US cyber cops: report hacks without fear of sanction

Oct 16, 2024 | risk.net | Tom Osborn

Tweet Facebook LinkedIn Save this article Send to Print this page Financial firms that fall victim to cyber crime should report incidents to federal law enforcement without fear agencies will shop them to their regulators, senior investigators have suggested.
Letter: Vote to protect environment

Oct 9, 2024 | columbian.com | Tom Osborn

As Vice President Al Gore noted, climate change is “an inconvenient truth.” Scientists have explored the connection between fossil fuels and the rise of global temperatures for over 50 years, and all reputable scientists accept this certainty. Global warming is just one aspect of climate change. Global warming refers to the rise in global temperatures due mainly to the increasing concentrations of greenhouse gases due to the burning of coal, oil and natural gas.
Banks must loosen up on ChatGPT use – risk chiefs - WatersTechnology.com

Oct 8, 2024 | waterstechnology.com | Tom Osborn |Anthony Malakian |Max Bowie |Rebecca Natale

The hard line taken by many banks towards staff access to popular third-party artificial intelligence tools is showing signs of wavering. When the latest generation of GPT-based large language models (LLMs) emerged last year, most banks moved to impose initial blanket bans on their use by most staff, with data privacy and copyright concerns the most commonly cited reasons. Senior risk managers are now acknowledging publicly what many long feared in private: simply blocking tools, rather than