Regulatory compliance costs the banking industry hundreds of millions of dollars every year. And now, the new risk management guidelines mandate that you have policies and procedures for everything from credit risk to liquidity risk. Even interest rate and legal risks must have their own policies and procedures.

More stringent compliance regulations in the past ten years mean financial institutions must adapt to a constantly changing landscape.

Does your bank have all the policies the regulators require? When was the last time your policies were updated and refreshed to align with the current operating environment?

Outdated policies can leave your organization at risk. Old policies may fail to comply with new laws and regulations.