The document summarizes the results of Grant Thornton's 2012 survey of 300 chief audit executives (CAEs) in the United States. It finds that CAEs are shifting from a compliance focus to enhancing business value. While half of respondents said their organizations do not effectively use governance, risk, and compliance technology, data analytics use is growing. Emerging risks like cloud computing and cybersecurity require attention. Most CAEs expect their staffing levels to remain the same or increase and continue conducting fraud investigations and monitoring anti-corruption efforts.
CAEs speak out: Cybersecurity seen as key threat to growthGrant Thornton LLP
In Grant Thornton LLP’s fifth annual survey of chief audit executives (CAEs), financial services CAEs revealed that they see considerable room for improvement when it comes to their risk management functions. Here are our findings.
Grant Thornton LLP’s fourth annual survey of more than 400 chief audit executives (CAEs) from U.S. organizations finds CAEs are facing the realities of a greater compliance burden. See the full survey: http://gt-us.co/1ijnAke
Third-party Governance and Risk Management - 2018Deloitte UK
This report shows how Third-party Risk Management had continued to benefit from greater executive awareness in 2017 which have allowed organisations to tackle the topic with a renewed focus and investment. This is even more important due to amid prevalent threats of high profile business failure, illegal third-party actions, or regulatory action with punitive fines.
CAEs speak out: Cybersecurity seen as key threat to growthGrant Thornton LLP
In Grant Thornton LLP’s fifth annual survey of chief audit executives (CAEs), financial services CAEs revealed that they see considerable room for improvement when it comes to their risk management functions. Here are our findings.
Grant Thornton LLP’s fourth annual survey of more than 400 chief audit executives (CAEs) from U.S. organizations finds CAEs are facing the realities of a greater compliance burden. See the full survey: http://gt-us.co/1ijnAke
Third-party Governance and Risk Management - 2018Deloitte UK
This report shows how Third-party Risk Management had continued to benefit from greater executive awareness in 2017 which have allowed organisations to tackle the topic with a renewed focus and investment. This is even more important due to amid prevalent threats of high profile business failure, illegal third-party actions, or regulatory action with punitive fines.
The IT Auditing Series is a series of 10 2-hour webinars.
The study program consists of 5 modules Basic and 5 modules Advanced spanning a broad range of topics and issues in the IT Auditing field. The emphasis in all webinars is therefore on practical aspects, of Internal Auditing.
The course content is based upon ISACA Framework which has been accepted world-wide as the basis of skills and competencies required for all IT Auditors.
This session covers risk analysis for auditors
This report examines the benefits and challenges experienced by current legal management software users and can help guide future buyers in their search for the right software to grow their practice.
Modernizing compliance: A tech lens on value protection and creationDeloitte United States
Almost half (48.3 percent) of risk and compliance, internal audit, C-suite executive and board professionals plan to modernize their compliance functions by changing core compliance execution practices during the next 12 months, according to a recent Deloitte poll. Meantime, resource levels for compliance teams are expected to increase (27.5 percent) or stay flat (37.6 percent) in the year ahead for the majority of organizations.
https://www2.deloitte.com/us/en/pages/about-deloitte/articles/press-releases/nearly-half-of-orgs-plan-compliance-modernization-in-year-ahead-deloitte
2017 Linedata Global Asset Management Survey Linedata
Asset managers, administrators embrace differentiation to navigate challenging conditions; cite political concerns and ongoing regulatory constraints
• Seventh annual survey of global asset management industry highlights socio-economic and political concerns
• Disruption more likely to come from external factors rather than industry trends
• Differentiation now a major concern for respondents
• MiFID II the most important regulation over the next three years
Benchmark your financial close infographicSarah Fane
The financial close is an essential process for any organization, and is a key indicator of the efficiency of your finance function.
So how do you compare with your peers in the R2R process? And what can you do to improve?
sharedserviceslink and Adra recently conducted a financial close survey with over 100 finance professionals.
The survey sought to better understand your financial close process and to help you map your process maturity and drive improvements.
Controls that are designed to mitigate the risk of fraud are not perfect. Enterprise software such as Oracle and SAP may have built-in controls, but they are limited in scope to the data and processes that the software "touches". The most successful fraudsters know how to exploit interfaces between different processes and systems. Furthermore, the typical fraud case persists for 14 months prior to detection*.
Deploying data analytics for continuous testing can overcome many of the limitations of traditional fraud detection. Timely and appropriate detection will help organizations mitigate the impact of frauds. Robust fraud detection systems will also act as powerful deterrents.
*ACFE Report to the Nations: 2020 Global Study on Occupational Fraud and Abuse
Learning Objectives
In this session we will raise awareness of the various types of frauds and how they can be detected using automated data analysis techniques.
The Innovator’s Journey: Insurance Sector InsightsState Street
On behalf of State Street, Longitude conducted a global survey of senior executives at investment
organizations during October and November 2014. We asked them to self-assess their confidence and
progress across six data capabilities, including infrastructure, insight, adaptability, compliance, talent and
governance. The 400 respondents were drawn from 11 countries and included insurance companies,
private and public pension funds, fund-of-funds, foundations, central banks, endowments, sovereign
wealth funds and supranationals. One-hundred insurance companies participated in the survey.
According to the HP sponsored1 2014 Executive Breach Preparedness Research Report, more than 70 percent of executives think that their organization only partially understands the information risks they’re exposed to as a result of a breach. To add to that, less than half of c-suite and board-level executives are kept informed about the breach response process.
This report also found that business leadership knows that their involvement in data breach incident response is important – but they don’t believe, generally, that they are actually accountable for data breaches. In fact, only 45% stated that they think they are accountable for data breaches in their organization.
Read the full report for more insights.
While many organisations have implemented a whistleblowing mechanism, our survey findings indicate that there has not been a significant investment in the implementation of these, and there is a lack of awareness as well.
Social Media Lexikon für Personaler und MittelstandBarbara Braehmer
Täglich entstehen neue Begriffe im Web 2.0 - sie sind allgegenwärtig, im Beruf und Privat, in großen und kleinen Unternehmen, im Marketing und im Personalwesen. Was versteht man unter Microblogging und was ist ein Talentmagnet?
Keine Angst vor der Social Media Sprache - sie ist viel einfacher, als Sie annehmen!
Intercessio erklärt 'short and simple' (kurz und einfach) 270 Begriffe, hilft Ihnen zu verstehen und macht Sie erfolgreich. Schlagen Sie in unserem Social Media Lexikon nach. Das Lexikon von Intercessio bringt Klarheit in die technischen, sozialen und Business-Fachbegriffe mit dem Schwerpunkt Mittelstand und Personal.
Sie finden das Lexikon auch online unter: www.intercessio.de mit einer einfachen Suchfunktion. Wir arbeiten an weiteren Aktualisierungen und freuen uns über Ihre Hilfe, Anregungen und Unterstützung, um es zu ergänzen und zu verbessern.
BYOD User Survey 2015: Employees’ Choice for Mobility
In our latest whitepaper, get the data on employee preference when it comes to personal devices in the workplace and where their concerns lie. It shows a shift in how employees are choosing to work, with personal mobile phones gaining higher adoption.
This tyntec survey gathered responses from over 1300 professionals working in the US, UK and Spain. The results revealed that BYOD is the new norm across the board, but employers are lagging when it comes to policy. Employees expressed privacy and reimbursement concerns as well as a strong preference for separate phone numbers for work and personal use.
Finansų maklerio paslauga yra skirta patyrusiems aktyviems investuotojams, kurie prieš priimdami investicinį sprendimą nori pasitarti su makleriu įvairiais kapitalo rinkų klausimais.
BUILD UP Skills Finland - 4 Puutalon energiatehokkaat liitoksetMotiva
Energiatehokkaan rakentamisen parhaat käytännöt: Ilmanpitävien rakenteiden ja liitosten toteutus asuinrakennuksissa - ilmataskut sekä höyrysulkujen, tuulensuojalevyjen ja lämmöneristeiden asennukset.
Wer oder was ist Active Sourcing? - Wie Personalsuchen im Web funktionierenBarbara Braehmer
Dies ist die Präsentation des #HRInnoDays 2016 in Leipzig - Das Thema lautete:
---------------------------------------------------------------------------------------------------------------------
Wer oder was ist Active Sourcing?
Wie Personalsuchen im Web funktioniert | Die 12 schwersten Fehlschlüsse.
---------------------------------------------------------------------------------------------------------------------
Viele denken, weil Suchmaschinen immer Ergebnisse bringen, dass sie bereits erfolgreich suchen. Das ist genau der Grund, warum für den privaten Bereich Suchmaschinenanbieter Semantische Algorithmen eingeführt haben: Sie sollen das Gefühl geben, immer etwas zu finden, damit Sie wiederkehren.
Doch solche semantischen Suchprogramme kann man nicht mit Intuition oder ein paar Keywords zu Informationen von Talenten steuern. Es gibt viele Fehlschlüsse aus dem Recruiting Denken, die zwischen einem erfolgreichen Finden und Gewinnen der passenden Talente und dem Sourcer stehen.
In dieser Präsentation haben wir uns mit den schwersten Fehlschlüssen auseinandergesetzt und die Lösungen für Sourcer und Recruiter - in Kurz - erklärt.
Happy Sourcing!
Gern stehen wir für Fragen oder für eine kostenlose Live-Demo zur Verfügung, um zu zeigen, wie man Suchmaschinen professionell - auch mit der deutschen Sprache - steuert.
The IT Auditing Series is a series of 10 2-hour webinars.
The study program consists of 5 modules Basic and 5 modules Advanced spanning a broad range of topics and issues in the IT Auditing field. The emphasis in all webinars is therefore on practical aspects, of Internal Auditing.
The course content is based upon ISACA Framework which has been accepted world-wide as the basis of skills and competencies required for all IT Auditors.
This session covers risk analysis for auditors
This report examines the benefits and challenges experienced by current legal management software users and can help guide future buyers in their search for the right software to grow their practice.
Modernizing compliance: A tech lens on value protection and creationDeloitte United States
Almost half (48.3 percent) of risk and compliance, internal audit, C-suite executive and board professionals plan to modernize their compliance functions by changing core compliance execution practices during the next 12 months, according to a recent Deloitte poll. Meantime, resource levels for compliance teams are expected to increase (27.5 percent) or stay flat (37.6 percent) in the year ahead for the majority of organizations.
https://www2.deloitte.com/us/en/pages/about-deloitte/articles/press-releases/nearly-half-of-orgs-plan-compliance-modernization-in-year-ahead-deloitte
2017 Linedata Global Asset Management Survey Linedata
Asset managers, administrators embrace differentiation to navigate challenging conditions; cite political concerns and ongoing regulatory constraints
• Seventh annual survey of global asset management industry highlights socio-economic and political concerns
• Disruption more likely to come from external factors rather than industry trends
• Differentiation now a major concern for respondents
• MiFID II the most important regulation over the next three years
Benchmark your financial close infographicSarah Fane
The financial close is an essential process for any organization, and is a key indicator of the efficiency of your finance function.
So how do you compare with your peers in the R2R process? And what can you do to improve?
sharedserviceslink and Adra recently conducted a financial close survey with over 100 finance professionals.
The survey sought to better understand your financial close process and to help you map your process maturity and drive improvements.
Controls that are designed to mitigate the risk of fraud are not perfect. Enterprise software such as Oracle and SAP may have built-in controls, but they are limited in scope to the data and processes that the software "touches". The most successful fraudsters know how to exploit interfaces between different processes and systems. Furthermore, the typical fraud case persists for 14 months prior to detection*.
Deploying data analytics for continuous testing can overcome many of the limitations of traditional fraud detection. Timely and appropriate detection will help organizations mitigate the impact of frauds. Robust fraud detection systems will also act as powerful deterrents.
*ACFE Report to the Nations: 2020 Global Study on Occupational Fraud and Abuse
Learning Objectives
In this session we will raise awareness of the various types of frauds and how they can be detected using automated data analysis techniques.
The Innovator’s Journey: Insurance Sector InsightsState Street
On behalf of State Street, Longitude conducted a global survey of senior executives at investment
organizations during October and November 2014. We asked them to self-assess their confidence and
progress across six data capabilities, including infrastructure, insight, adaptability, compliance, talent and
governance. The 400 respondents were drawn from 11 countries and included insurance companies,
private and public pension funds, fund-of-funds, foundations, central banks, endowments, sovereign
wealth funds and supranationals. One-hundred insurance companies participated in the survey.
According to the HP sponsored1 2014 Executive Breach Preparedness Research Report, more than 70 percent of executives think that their organization only partially understands the information risks they’re exposed to as a result of a breach. To add to that, less than half of c-suite and board-level executives are kept informed about the breach response process.
This report also found that business leadership knows that their involvement in data breach incident response is important – but they don’t believe, generally, that they are actually accountable for data breaches. In fact, only 45% stated that they think they are accountable for data breaches in their organization.
Read the full report for more insights.
While many organisations have implemented a whistleblowing mechanism, our survey findings indicate that there has not been a significant investment in the implementation of these, and there is a lack of awareness as well.
Social Media Lexikon für Personaler und MittelstandBarbara Braehmer
Täglich entstehen neue Begriffe im Web 2.0 - sie sind allgegenwärtig, im Beruf und Privat, in großen und kleinen Unternehmen, im Marketing und im Personalwesen. Was versteht man unter Microblogging und was ist ein Talentmagnet?
Keine Angst vor der Social Media Sprache - sie ist viel einfacher, als Sie annehmen!
Intercessio erklärt 'short and simple' (kurz und einfach) 270 Begriffe, hilft Ihnen zu verstehen und macht Sie erfolgreich. Schlagen Sie in unserem Social Media Lexikon nach. Das Lexikon von Intercessio bringt Klarheit in die technischen, sozialen und Business-Fachbegriffe mit dem Schwerpunkt Mittelstand und Personal.
Sie finden das Lexikon auch online unter: www.intercessio.de mit einer einfachen Suchfunktion. Wir arbeiten an weiteren Aktualisierungen und freuen uns über Ihre Hilfe, Anregungen und Unterstützung, um es zu ergänzen und zu verbessern.
BYOD User Survey 2015: Employees’ Choice for Mobility
In our latest whitepaper, get the data on employee preference when it comes to personal devices in the workplace and where their concerns lie. It shows a shift in how employees are choosing to work, with personal mobile phones gaining higher adoption.
This tyntec survey gathered responses from over 1300 professionals working in the US, UK and Spain. The results revealed that BYOD is the new norm across the board, but employers are lagging when it comes to policy. Employees expressed privacy and reimbursement concerns as well as a strong preference for separate phone numbers for work and personal use.
Finansų maklerio paslauga yra skirta patyrusiems aktyviems investuotojams, kurie prieš priimdami investicinį sprendimą nori pasitarti su makleriu įvairiais kapitalo rinkų klausimais.
BUILD UP Skills Finland - 4 Puutalon energiatehokkaat liitoksetMotiva
Energiatehokkaan rakentamisen parhaat käytännöt: Ilmanpitävien rakenteiden ja liitosten toteutus asuinrakennuksissa - ilmataskut sekä höyrysulkujen, tuulensuojalevyjen ja lämmöneristeiden asennukset.
Wer oder was ist Active Sourcing? - Wie Personalsuchen im Web funktionierenBarbara Braehmer
Dies ist die Präsentation des #HRInnoDays 2016 in Leipzig - Das Thema lautete:
---------------------------------------------------------------------------------------------------------------------
Wer oder was ist Active Sourcing?
Wie Personalsuchen im Web funktioniert | Die 12 schwersten Fehlschlüsse.
---------------------------------------------------------------------------------------------------------------------
Viele denken, weil Suchmaschinen immer Ergebnisse bringen, dass sie bereits erfolgreich suchen. Das ist genau der Grund, warum für den privaten Bereich Suchmaschinenanbieter Semantische Algorithmen eingeführt haben: Sie sollen das Gefühl geben, immer etwas zu finden, damit Sie wiederkehren.
Doch solche semantischen Suchprogramme kann man nicht mit Intuition oder ein paar Keywords zu Informationen von Talenten steuern. Es gibt viele Fehlschlüsse aus dem Recruiting Denken, die zwischen einem erfolgreichen Finden und Gewinnen der passenden Talente und dem Sourcer stehen.
In dieser Präsentation haben wir uns mit den schwersten Fehlschlüssen auseinandergesetzt und die Lösungen für Sourcer und Recruiter - in Kurz - erklärt.
Happy Sourcing!
Gern stehen wir für Fragen oder für eine kostenlose Live-Demo zur Verfügung, um zu zeigen, wie man Suchmaschinen professionell - auch mit der deutschen Sprache - steuert.
Disruptive outsourcing leaps to the front. Our 2018 survey of more than 500 executives from leading organizations indicates that disruptive outsourcing solutions—led by cloud and automation—are fundamentally transforming traditional outsourcing. https://deloi.tt/2x7zxb8
The 2015 survey uncovers the latest issues organizations are facing as they respond to risks, assess the effectiveness of their risk mitigation activities and gain a deeper understanding of what they are doing to address cybersecurity.
Accenture 2015 Global Risk Management Study: Banking Report Key Findings and ...accenture
Accenture’s 2015 Global Risk Management Study: Banking Report provides the insights of 150 banking executives involved in the risk function. See the attached presentation for details of how the risk function in banking is repositioning itself to be a collaborative business partner. Visit www.accenture.com/riskstudy2015 to learn more.
Imagine … internal auditors identifying risks + opportunities from data. Internal auditors can + need to grasp this opportunity to transform their role and industry. More >> grantthornton.com/data-analytics
A renewed focus on enhancing extended enterprise risk management (EERM) maturity has emerged in the last year amid increasing perceptions of dependence on third parties, although moving up the maturity curve has been slower than expected.
PracticeLeague - The New operating Model of Corporate Legal DepartmentParimal Chanchani
The Innovation through Legal Ops Model is now a mandate. A Unified Legal Technology platform is the key to help legal gain the resource needed to measure and communicate their efficiency, productivity, and cost-effectiveness. To know more about the PracticeLeague, Call us on 9922 2222 60 or email Subi - sshaw@PracticeLeague.com
Representing life, property & casualty and reinsurance, some 150 insurance risk leaders participated in Accenture’s 2015 Global Risk Management Study: Insurance Report. See how these leaders are working to systematically operationalize risk management.
The 2022 CIO Survey Summary Report provides insight into the priorities, challenges, and opportunities facing IT leaders in the consumer products, retail, and life sciences industries this year. Businesses across the world continue to face talent and labor shortages as a result of the COVID-19 pandemic, and companies within the tech industry are no different. These shortages, combined with changes to the “normal” workplace environment, have resulted in many companies rethinking and assessing their current and future challenges, opportunities, and priorities within their IT departments. In late 2021, Clarkston Consulting conducted a CIO Market Study, aiming to better understand the current priorities and challenges of upper or C-Suite level IT professionals (CIO/CISO/CTO/VP) at large companies ($350M+ revenue) in the retail, CPG, manufacturing, or life science industries. The four key objectives for the 2022 CIO Survey were to:
Understand the overall relationship between IT and other departments within the company.
Understand current IT budget distribution, technologies/platforms used, and sources for technology-specific learning and development.
Identify attributes that are important in selecting outsourcing or managed services partners, a professional services provider, or a technology platform/vendor.
Determine priorities for the coming year and understand how COVID-19 has changed priorities in recent years.
Market Study Results
Through this CIO Market Study, Clarkston was able to gain valuable insight on the current status and perceptions of IT departments, including budget, ERP usage, investments, outsourced activities, and department health; department expectations, priorities, and plans for the upcoming year; and important attributes in outsourcing and managed services, among other key findings.
The results of this survey provide a detailed view of many of the challenges that IT departments across the consumer products, retail, and life sciences industries continue to face, particularly as they navigate the ongoing effects of the COVID-19 pandemic in the workplace.
Articles published as sponsored content in the Risk & Compliance Journal from The Wall Street Journal from August 2017 to August 2018. https://deloi.tt/2CMG6lI
Eversheds Report - Streamlining for success: M&A Divestment and Separation Tr...Rafal Wasyluk
Sieć Eversheds opublikowała globalny raport pt. „Streamlining for success: M&A Divestment and Separation Trends". Raport koncentruje się na trendach w zakresie wyjść z inwestycji. Za koordynację polskich prac nad raportem odpowiedzialna była Ewa Szlachetka, partner kierujący praktyką fuzji i przejęć w kancelarii Wierzbowski Eversheds.
Na potrzeby raportu przeprowadzone zostało globalne badanie, również wśród klientów Eversheds. Jego celem było uzyskanie odpowiedzi m.in. na poniższe pytania:
Jakie aspekty separacji lub dezinwestycji oraz ogólnego procesu planowania są największym wyzwaniem?
Jakie są przykłady najlepszych praktyk i rozwiązań w zakresie radzenia sobie z tymi wyzwaniami?
Gdzie poszukiwać obszarów, w których można uzyskać wzrost wartości oraz gdzie można najwięcej stracić w procesie separacji?
Które kwestie prawne są krytyczne dla sukcesu transakcji?
Kiedy prawnicy wewnętrzni będą najbardziej skuteczni w swojej roli?
Jakie są najważniejsze zagadnienia dotyczące różnych grup interesariuszy, w tym zarządu, dyrektorów, zespołu zajmującego się rozwojem korporacyjnym i doradców prawnych?
W jaki sposób w trakcie zbycia chronić wartości zarówno w spółce dominującej, jak i zależnej?
Więcej (ENG): http://www.eversheds.com/global/en/what/services/m-and-a/report-2015.page
Intelligent Automation Transition & Adoption Best PracticesJim Hussey
To better understand the challenges and opportunities to achieve IA deployments of enterprise scale, The Sourcing Change Management Institute conducted the Intelligent Automation Transition & Adoption Best Practices Survey. The survey was designed to gather perspective from the overall RPA/AI community on critical dimensions that impact how an organization reacts to the decision to utilize automation including:
Stakeholder Engagement & Management tactics
Sponsor Authority & Influence
Role of the Automation CoE
IA Transition & Adoption tactics
IA Resistance Characteristics
Security Regulations & Guidelines: Is Your Business on the Path to Compliance? Blancco
Explore key stats from our data protection research study and learn how you can stay compliant with security regulations.
See the full research study here: https://www.blancco.com/resources/research-studies/data-protection-prioritizing-regulations-guidelines/
Presentation slides from DVV Solutions Third Party Risk Breakfast Briefing March 2019 on the current state of TPRM program maturity in the UK including survey results from Shared Assessments "Tone at the Top" study.
An Applicant Tracking System (ATS) helps talent acquisition experts manage and organize the hiring process. This PDF comprises of the key findings of the survey conducted to understand the state of Applicant Tracking Systems in 2020. It also includes details about how prevalent applicant tracking systems are and the benefits of using an ATS. If you're looking for an applicant tracking and recruiting software, visit us at https://www.emptrust.com/ats/applicant-tracking-and-recruiting-software.aspx.
According to results of Callan Associates’ 2013 Risk Management Survey, more than half of fund sponsors (55%) say their risk management tools are effective at mitigating investment risk, but 14% see them as simply a means to improve risk identification and monitoring. One-third of respondents indicated they do not know yet the effectiveness of their risk management tools because they are new and untested in a true market crisis.
The survey found formal risk management processes are most prevalent at large funds. Half of the medium and small funds have adopted a risk management process or are doing so in 2013. Forty-two percent of respondents employ proprietary and/or third-party risk measurement tools, such as software or data services. Usage of third-party tools is most prevalent at public funds, while endowments and foundations more often use in-house (proprietary) tools.
Corporate and public funds are embracing policy-level approaches to risk management more so than endowments and foundations. Public funds have implemented economic regime asset allocations, risk parity, and risk factor-based asset allocations, while corporate funds favor liability-driven investing and funded status-based glide path de-risking.
Strategy-level approaches to mitigate risk are easier to implement than those that alter the fund’s overall investment policy, and Callan observed higher levels of adoption of strategy changes across fund types. Public funds and foundations and endowments are most heavily implementing or considering real assets, opportunistic fixed income, absolute return and long/short equity. Corporate funds are also embracing absolute return, but long duration is the most favored strategy-level approach used to address risk.
Many fund sponsors wrestle with whether or not to tactically manage plan risk. Only 30% of sponsors have made rebalancing decisions based on risk management findings. Of those that have not done so, 82% do not plan to in the future.Public (31%) and large (25%) funds are the most likely to use tactical implementations going forward.
According to the survey, most funds (94%) do not have a formal risk budget, but explicitly address risk management in their plan governance via asset allocation, investment objectives and disciplined rebalancing.
The investment committee is the body most regularly tasked with deciding when to take action based on the findings of risk management tools. The most common actions taken were asset allocation changes (64% of respondents), manager due diligence/search (56%) and increased manager monitoring (52%). Twenty percent of respondents had not yet taken any actions based on risk management findings.
The survey was conducted in November 2012 and includes responses from 53 fund sponsors representing $576 billion in assets.