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Customer Experience and Design

Success Factors for Ensuring Compliance with CCAR Programs

Banking organizations continue to face a changing regulatory landscape. Compliance failures can result in stiff financial penalties and reputational damage that can negatively impact an organization. Some bankers may view compliance as a necessary evil. An opposing point of view is that regulatory exercises are an opportunity to achieve organizational growth. Regulatory Compliance

While most organizations are focusing on improving the efficiency, and reducing the cost, of compliance to not just survive but thrive in the current regulatory environment, compliance efforts can deliver other benefits for banks. Financial institutions who have undergone the stress testing programs can leverage insights for not only capital planning decisions but day-to-day business decisions. Unfortunately there is no “one-size fits all” solution for banks; however, there is one key ingredient to success – automation.

I recently wrote an article featured on Wall Street Technology Association that discussed two key areas of automation as banks shift toward a more “hub and spoke” model to manage the requirements for stress testing programs. Maintaining a forward-looking view of enterprise risks and applying those processes elsewhere in the organization may not only change your view on compliance efforts, but may be a game-changer for your organization in the years to come.


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