Governance, Risk & Compliance: GRC
Watch Now – Bank Regulations: Outlook for 2024 and what Financial Institutions Need to Know
On-Demand Webinar
As the regulatory landscape continues to evolve rapidly, financial institutions are facing unprecedented challenges in navigating the complex maze of compliance requirements. With the November 2024 U.S. election drawing nearer, regulators are intensifying their efforts to enact new rules aimed at bolstering the stability and integrity of the financial system.
In a collaborative webinar featuring Regroom and SAI360, industry experts delve into the pivotal role of technology in empowering financial institutions to effectively identify emerging regulatory requirements and proactively monitor their compliance posture.
After the collapse of three mid-sized banks in 2023, regulators have introduced a slew of prudential rules encompassing governance, capital adequacy, credit standards, liquidity management, and heightened assessment fees. These measures underscore the heightened scrutiny on risk management practices within the banking sector.
Moreover, consumer protection regulations are also undergoing significant revisions, with the introduction of amendments to the Community Reinvestment Act (CRA), Telephone Consumer Protection Act (TCPA), regulations governing non-sufficient funds (NSF) fees, and Equal Housing Lenders policies. These changes reflect a concerted effort to enhance transparency, fairness, and accountability in financial services, while safeguarding the interests of consumers.
In light of these regulatory developments, financial institutions are increasingly turning to advanced technologies to streamline their regulatory change management processes.
You will learn:
- Upcoming regulatory changes for banking and finance institutions and their impact of non-compliance
- How organizations can proactively monitor and track their compliance
- How technology can be leveraged to gain real-time insights into regulatory changes, streamline workflows and mitigate risks associated with non-compliance.
