Tag: compliance

What Is Basel III Endgame and Why It Matters Think of Basel III Endgame as the grand finale of a decade-long regulatory saga. Basel III, originally introduced in the wake of the 2008 financial crisis, was all about making banks safer, ensuring they hold enough capital and manage risks so we don’t get a repeat […]

What Is Streamlined Compliance and Why Does It Matter? “Streamlined compliance” refers to the process of making regulatory adherence faster, more efficient, and less prone to error through automation and integration. Traditional compliance processes are manual, fragmented, and cumbersome, often resulting in delays, errors, and missed opportunities. Financial institutions need a new way forward, one […]

In today’s regulatory landscape, financial institutions face a multitude of challenges in complying with regulatory requirements, particularly when it comes to data collection and management. The Consumer Financial Protection Bureau’s (CFPB) Section 1071 Rule, which mandates the collection and reporting of data related to small business lending, presents unique challenges for institutions in the banking […]