Regulatory compliance refers to how well a banking firm is following a set of industry regulations that help with overall risk management and adherence to local and federal laws. The standards for compliance tend to change constantly, and keeping up with the most up-to-date compliance regulations is essential for a banking firm to remain in good legal standing.
When it comes to digital banking, there is an added layer of legality and regulatory compliance that comes from having to create a secure and reliable digital space. Cybersecurity regulations can make compliance much more technologically extensive.
Rather than spending a significant portion of a business budget on the expansion of an IT department, CPQI can help to not only consult with customers about regulatory changes but implement those changes as well and ensure full FRTB compliance.
We don’t just consult on regulatory changes, we’re ready to do the work for you. Whether you’re struggling with FRTB or LIBOR transitions, we’re here to help you. Where appropriate, we use nearshore offices to create more financial resources, giving you the opportunity to leverage some of your regulatory change budget in other transformative areas.