Introduction to Bank Regulatory Agencies
The role of compliance in the banking industry has evolved over time due to a myriad of issues including, but not limited to, the rapid advancement of technology, changes in retail and commercial customer financial needs, and the ability of financial institutions to provide access to capital or transact anytime, anywhere in the world. In the simplest of forms, compliance organizations within a financial institution were tasked with policing activities of the firm and issuing policies and procedures aligned to regulatory recommendations. That approach is no longer acceptable as banking compliance organizations are now expected to not only police bank activities while issuing policies and procedures ...
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