EMERGING ISSUES TRACK: Business Controls - Effective Lines of Defense
Join industry regulatory experts for an in-depth panel discussion on the anticipated shift from federal to state oversight in the coming years. The session explores key risk categories—financial, stakeholder/customer, regulatory, reputational, and operational—and examines the concepts of inherent and residual risk within the Three Lines of Defense model. Gain insights on implementing effective business controls, with a focus on Risk and Control Self-Assessment (RCSA) and issue management. The discussion also explores oversight frameworks such as Fannie Mae’s use of CORE (Counterparty Operational Risk Evaluation) and Freddie Mac’s MORA (Mortgage Operational Risk Assessment). Sponsored by Cooley.