FHL Bank Topeka selects Providus' RiskResolve for op risk management

The Federal Home Loan (FHL) Bank Topeka, a Kansas-based privately owned, federally chartered corporation that finances mortgage credit in member financial institutions, has selected Providus' operational risk management solution, RiskResolve, to boost its enterprise-wide risk management efforts.

According to Martin Schlossman, the vice-president in charge of ERM implementation, the adoption of RiskResolve is to align the corporation to the ERM and operational risk standards required by Sarbanes-Oxley.

“We determined that Providus’ RiskResolve is suitable for ERM because it allows us to expand our reporting capabilities and has a necessary emphasis on internal control. Although our primary regulator is the Federal Housing Finance Board, we intend to register with the Securities

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