Tag: Dodd-Frank

  • 5 “random” facts

    Fact 1 – According to the U.S. Bureau of Labor Statistics, the increasing complexity of financial regulations will spur employment growth of financial examiners.  In fact it is expected to experience the third largest growth of all career paths through 2018: Fact 2 – According to Rep. Shelly Moore Capito (R-W.Va.), author of H.R. 3461, […]

  • 2012 Compliance Trends, Part 5 – Uncertainty (UPDATE)

    Similar to my previous post on Risk Assessments, I believe Uncertainty is also a 2-part trend: – Uncertainty about future regulatory changes, and – Uncertainty about the interpretation of existing regulations

  • Thankful for…Dodd-Frank?

    I made a similar post last year about this time, so I thought I would continue the “Thanks-giving” tradition here…and no, I haven’t completely lost my mind about Dodd-Frank.  Let me explain.  Over the past year I’ve had the opportunity to give several presentations to various groups on the impact of Dodd-Frank (DFA) on community […]

  • Management of IT reflects overall management

    (This is an extract from an article written for Bank Technology News. The full article is here.) One of the reasons compelling the shift towards increased focus on IT is found in the only non-financial element in the CAMELS ratings: management…

  • 5 Key Elements of Risk Management

    As a financial institution, it sometimes seems that everything you do requires a risk assessment.  Information security, disaster recovery, ID theft, remote deposit capture, outsourcing, in fact the term “risk assessment” appears 215 times in the FFIEC IT Examination Handbooks.  But a risk assessment is only one step of a five step risk management process…and […]

  • Dodd-Frank and regulatory compliance

    In an excellent article by Lori Moore of ATTUS Technologies, she states that there are multiple reasons why bank examiners may be ramping up scrutiny: “Examiners who may already be on the defensive in regard to criticism about their actions prior to the fall 2008. Examiners who now have the Dodd-Frank Act on their side, […]