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News & Commentary
Content tagged with Compliance posted in July 2013
Financial Institutions Increase Spending on ERM
News  |  7/30/2013
Financial Institutions now spend more on risk management compared to 2010, according to a report by Deloitte.
Lessons Learned From The Fed Stress Tests
News  |  7/29/2013
With Federal Reserve Bank stress testing requirements set to extend soon to midsize banks, what are the key lessons learned since the tests were implemented four years ago? What can be done better and where will the industry go from here?
3 IT Tools to Drive Compliance
Commentary  |  7/26/2013
The back office can play a critical role in compliance efforts by demonstrating intent, fulfilling transparency obligations, and even proactively preventing regulatory violations.
How to Make Living Wills Work: A Big Data Solution to a Big Data Problem
Commentary  |  7/23/2013
Data lakes -- massive repositories of information that consolidate structured, unstructured, batched and streaming data into a single table -- could enable integration of different banks' living wills, providing transparency that would help identify hidden risks in the financial system.
Wolters Kluwer Acquires Regulatory Reporting Software Suite SVENSON
News  |  7/19/2013
The acquisition is designed to help banks and insurance companies in Austria meet national and international regulatory requirements.
Cordray Confirmed as CFPB Director
News  |  7/17/2013
The banking industry reacts to the news that acting CFPB director Richard Cordray will now head the agency on a permanent basis.
CFPB Appoints New COO
News  |  7/16/2013
Sartaj Alag previously headed the Office of Consumer Response at the agency.
AML and OFAC Compliance Straining Banks’ Budgets, Study Finds
News  |  7/15/2013
The cost of compliance with AML and OFAC requirements has been rising to the point that few institutions in a new study said their compliance budgets were adequate.
Stressed Out? Mid-Tier Banks Come Under Fed Scrutiny
Commentary  |  7/3/2013
Banks with between $10 and $50 billion in assets will now have to undergo Fed stress tests for the first time this year.
What Banks Need To Know About IFCPA
Commentary  |  7/2/2013
Starting July 1, Section 1244 of the Iran Freedom and Counter-Proliferation Act of 2012 (IFCPA) represents a significant expansion of activities and entities potentially subject to sanctions.
Jack Henry Releases New E-Banking Compliance service
News  |  7/1/2013
The Gladiator eBanking Compliance services outline compliance and regulations for financial institutions interested in launching mobile applications.
Automating Quality: Best Practices for Banks to Meet Quality Mortgage and CFPB Regulations
Commentary  |  7/1/2013
Using dynamic digital documents for mortgage disclosure forms can help mortgage lenders keep up with the CFPB’s regulatory mandates and cut costs associated with document management.

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