Following a drop in a year that saw passage of a major regulatory reform law, U.S. financial institutions’ anxiety levels over compliance obligations rebounded in 2019, according to a survey released today by Wolters Kluwer.
The mindset of bank compliance officers is shifting to focus on how they can support product innovation and change management, applying their expertise in regulations and process management ultimately to accelerate the innovation process.
Elementary principles to keep in mind when choosing a regulatory change management regtech solution.
Compliance professionals are more than go-to people for regulatory questions or monitoring. They must understand how to manage change effectively to support the bank’s strategic goals.