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Banks less anxious about risk, but should they be?

Joe Mont | January 23, 2019

There has been plenty of discussion in recent weeks about risk management at financial institutions. Efforts to quantify and rank those challenges have come in recent reports and guidance from the Federal Reserve, the Office of the Comptroller of the Currency, and the Financial Stability Oversight Council.

Added to these resources is the business consultancy Wolters Kluwer, a global provider of software and services. It recently released the latest edition of its “Regulatory & Risk Management Indicator,” an annual initiative designed to illustrate the overall level of regulatory and risk management pressures faced by U.S. banks and credit unions. A key takeaway from its 2018 survey data that was assessed: “There is a notable easing in the anxiety levels of U.S. banks and credit unions in managing their risk and regulatory compliance obligations as compared to the 2017 survey results.”

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