Compliance

One side isn’t reckless about risk, and the other knows more words than "no."

A view from the front lines with BAI's Ed Marcheselli.

Companies across the globe are moving to the cloud, but financial institutions have typically been slow to make the transition.

Whether you view it as a necessity, or a necessary evil, there’s no getting around the fact that from all angles, compliance is expensive.

The Current Expected Credit Loss accounting standard (CECL) takes effect for financial institutions as early as next year, though palpable foot-dragging has accompanied the ramp up.

And now, this not-so-trick question: Who within a bank’s operations will feel the impact of the upcoming Current Expected Credit Losses (CECL) accounting standards? “Everybody,” says Steve Picarillo, managing director and head of risk management practice for Washington D.

To some bankers, the Current Expected Loss Standard (CECL) might as well be a reboot of Y2K.

Legal, finance and HR departments have long-standing, well-defined roles within organizations.

In recent weeks, regulators have reprimanded leading investment banks for insufficient money laundering controls within their markets and broker-dealer business.