American Banker

24 July 2014

Financial firms have made significant investments to meet today’s heightened regulatory demands, note Kurt Salmon North American Consumer Financial Services partner Michael Archer and senior manager Randi Weinberg in American Banker, including focusing heavily on hiring oversight staff. But as they point out, effective oversight of compliance, operations, credit and other risks requires more than adding bodies. Oversight teams, they write, must be empowered, engaged and forward-thinking if they are to proactively address risks and regulatory expectations.

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