The Top CLM for Obligation Management - See Who Leads!
Find out which platform leads the industry. Download the full rankings report now.
Ask Our Experts FAQ
On this page, we answer questions submitted by our clients, website visitors and social media followers. We only post our responses. We never post the personal details of anyone submitting questions.
Have a question for for our team?
Click any item below to read our response to the question
What do you see as the common challenges that financial institutions face when trying to meet regulatory requirements?
Navigating the complex, ever-changing regulatory landscape can be very challenging for financial institutions. Here are some of the issues our clients have engaged our team for help . . .
How can banks strengthen their efforts to comply with ongoing regulatory changes?
Our bank clients are constantly seeking ways to stay ahead of the curve and position themselves to adapt quickly to regulatory changes. They rely on our expertise to identify gaps in their existing compliance efforts, help them build more resilient compliance programs, and select the right tools to meet their specific needs. Some of our more common recommendations include . . .
Can you explain the Federal Reserve's recent enforcement actions and fines against Deutsche Bank?
On July 13, 2023, the Federal Reserve Board (FRB) issued a Cease and Desist Order and imposed a $186 million civil money penalty against Deutsche Bank AG, its New York Branch, and its U.S. subsidiaries due to persistent deficiencies in their compliance with anti-money laundering (AML) and Office of Foreign Assets Control (OFAC) regulations.
We keep hearing the term “Community Bank” in regulations & industry discussions. What exactly are community banks, and why are they so important to the economy?
Community banks are the backbone of the U.S. banking system, making up approximately 97% of all banks in the country. As of December 31, 2024, there were 4,700 community banks nationwide, collectively holding a significant share of total domestic deposits. Their role extends beyond just financial transactions—they are critical in supporting small businesses, local economies, and financial inclusion . . .
How can community banks optimize compliance costs while maintaining strong oversight?
Banks are facing increasing regulatory pressures, with compliance costs rising year after year. Balancing cost efficiency while ensuring robust regulatory oversight is a key challenge for many institutions, especially community banks. Our bank clients frequently seek our guidance on optimizing compliance operations without exposing them to heightened regulatory or operational risks. Here are some of our top recommendations . . .
Ready to change how you do compliance, let us show you how we can help.