Magazine : Archives : 2nd Quarter 2019
Banks Regain Sovereignty Over Risk Practices
The financial crisis and the passage of the Dodd-Frank Act in 2010 had what could easily be described as an earth-shattering impact on risk practices in the financial services industry. Banks of varying sizes worked hard to wrap their arms around the regulatory requirements and recommendations, and adapt them to their own models and cultures. Less than a decade later, Bank Director’s 2019 Risk Survey, sponsored by Moss Adams, finds more than half of executives and directors from banks above $10 billion in assets saying their concerns around compliance risk have increased over the past year. Thirty-nine percent of all...
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