Insights for banks & credit unions
Risk, Compliance and Technology Thought Leadership Updates and Insights
A bank or credit union proves compliance program effectiveness with a record showing that it found its own compliance problems, traced each one to a root cause, corrected it promptly and validated the fix, so that ...
Credit union risk management at a small credit union needs seven elements drawn from NCUA rules and examination procedures. These elements include board oversight, an annual supervisory committee audit, written bo...
The banking trends US bank leaders should prioritize for 2027 are examination evidence that links each risk to its control, test and issue, governance of AI models, and operational resilience across critical operat...
The red flags in vendor due diligence are findings in a third party's file that question its ability to perform the activity safely. This could include exceptions on relied-on controls, a carved-out subservice orga...
Control mapping connects each statement in a bank's policies to the regulatory requirement it implements, the control that enforces it, the person who owns that control, the test that checks it and the evidence the...
An AI governance checklist for a bank or credit union should include a map of each AI use to the guidance that governs it and six governance steps (inventory, risk rating, pre-use testing, human review, ongoing mon...