Michael Cohn

Dir WolfPAC Solutions, CPA, CISA, CGEIT-Risk management programs for financial institutions. Interested in ERM, vendor management, BCP.

[Michael Cohn @MikeDCohn]

After recovering from a back injury in 2022, 2023 will mark my 6th year participating in the 192-mile PanMass Challenge ride on August 6-7. I was honored to ride as part of the Rockland Trust team in the past but in 2023 I have jo…https://t.co/G5JyA1LNJ8 https://t.co/mMzpspiJhZ

[Michael Cohn @MikeDCohn]

Will be attending the ABA Risk and COmpliance conference with my associates who will be speaking. Visit us at our booth for an informative conversation on the new, innovative risk services and projects we are tackling (e.g., climate risk, AI, digital tran…https://t.co/kwDVIM9hRr

[Michael Cohn @MikeDCohn]

At the risk of a post that might be a tough read running up to the Memorial Day holiday, the challenge for risk managers to view into future threats and keep the organization safe is simply hard. So much attention is placed on the…https://t.co/M074tJk3dY https://t.co/kAEoBaP8F1

[Michael Cohn @MikeDCohn]

We started this article before California regulators seized First Republic. A subsequent read confirms all our points are on target. Risk management programs are not keeping our organizations safe. Without changes, we are repeating…https://t.co/75P4CFNKti https://t.co/NL9hDbpgZn

[Michael Cohn @MikeDCohn]

Here is our response, one in an ocean of ideas, that addresses the great resignation and the shortage of deep technical experts. Check out our vSuite of c-level executive services. Whether for an interim period due to an expected separation by the former…https://t.co/ye0OIL5VF7

[Michael Cohn @MikeDCohn]

Providing unparalleled guidance and thought leadership to our clients helps maintain our position as an advisor of choice. Through the efforts of everyone here at Wolf, we help make a difference in our communities and with our empl…https://t.co/2ubhLY1PL6 https://t.co/9l0a0xmc6n

[Michael Cohn @MikeDCohn]

Being a risk professional does require you to understand metrics and forecasts, and I would argue to also have high EQ when dealing with potential, hot button emotional issues. One way to unpack the current social and political tur…https://t.co/dOjLMjNSz7 https://t.co/0XbfMJ0MOS

[Michael Cohn @MikeDCohn]

Bankers know how to manage risk; it is the bread and butter of the industry. And those who follow me know I am , albeit selfishly, a strong proponent of commercial grade risk management tools like our WolfPAC ERM platform to identi…https://t.co/drpsTKLO7q https://t.co/JZhx6THNxw

[Michael Cohn @MikeDCohn]

The analysis of SVB will teach us that the role of the Chief Risk Officer is undervalued, and the true franchise-ending threats to the enterprise are clouded by the enormous volume of tactile operational and compliance issues. ERMv3.0 needs to be launched…https://t.co/4jqUb3TQTF

[Michael Cohn @MikeDCohn]

Data security and privacy compliance varies by state, and companies must be compliant based on where their customers reside, not where the company resides. Read more on the likelihood of federal guidance. Our risk management privac…https://t.co/t3Rdm1PEuf https://t.co/A1cKu9hN42

[Michael Cohn @MikeDCohn]

Tens of thousands companies that are customers of the 3 failed institutions have met over the past several days to understand the impact to their business. For a summary of what happened check out our analysis. https://t.co/58Ba82HW7o

[Michael Cohn @MikeDCohn]

ICYMI-Treasury taking at least a small step by evaluating policy issues to further the possibility of a US CMDC by convening a working group . The key principles include first, it would be legal tender; second, it would be convert…https://t.co/eh4GKYRVSA https://t.co/UZxO4C0BZU

[Michael Cohn @MikeDCohn]

As we pass the midpoint of another calendar quarter without SEC finalizing their ESG and climate risk management guidance, we are observing firms moving forward with their climate risk programs with the first step being a Climate-r…https://t.co/kRU7nuCV5P https://t.co/VwmP5xPCkJ

[Michael Cohn @MikeDCohn]

As presented recently at the ABA Conference for Community Banks, to understand how to better leverage core banking technology to grow your business, you first should understand the distinction between technology systems of engageme…https://t.co/2jjZmefDUv https://t.co/0NEuTwaGvo

[Michael Cohn @MikeDCohn]

Never thought there was a link between digital transformation and ESG but... Firms that invested in DT initiatives over the last decade - transitioning to cloud computing, migrating to SaaS platforms, and unpacking then implementing data management and da…https://t.co/K0b2HkkIYi

[Michael Cohn @MikeDCohn]

Although CA legislature is reintroducing a bill in 2023 to require carbon disclose, leading companies of all sizes (including community banks), many early adopters among our clients, are moving forward with Climate-risk Vulnerabili…https://t.co/UYzxdMD0HY https://t.co/XAt5vdmd5u

[Michael Cohn @MikeDCohn]

Fintech's growth and importance to the banking industry likely increases in the near term. To that end, better risk management is required. Wolf's Rich Fay documents critical areas, and illustrates the basis of our Fintech Risk Ass…https://t.co/PhrG9MXCp3 https://t.co/8luHAQ2WGr

[Michael Cohn @MikeDCohn]

FTX Failure. Story on the failure of risk management (Again!): Customer position risk; conflict of interest risk. No one FTX person responsible for risk management. And certainly no one person to provide credible challenge and powe…https://t.co/JXl3jebYYV https://t.co/kZyZmMvUXj

[Michael Cohn @MikeDCohn]

Wolf has partnered with Greenly Earth () to provide our clients quantitative carbon accounting and climate disclosures to support corporate carbon neutral goals. With this partnership our ESG service offerings continue to expand to…https://t.co/YQ8OPJRuNT https://t.co/JEe6oJot2x

[Michael Cohn @MikeDCohn]

ICYMI - The department of labor which oversees investing and a fiduciary’s proxy voting activity under the Employee Retirement Income Security Act issued a new rule that ESG factors may be, but are not required to be, considered as…https://t.co/6P5zzGpGsL https://t.co/uohNK9gec7