New survey data from business consultancy Wolters Kluwer shows an easing in anxiety levels among U.S. lenders compared to previous years. However, the research also affirms certain compliance and risk challenges remain high, notably in the areas of keeping current with changing regulations, formalizing enterprise risk management (ERM) systems, and automating compliance processes.
The “Regulatory & Risk Management Indicator,” now in its seventh edition, canvassed 704 professionals from banks, savings and loan institutions, and credit unions in 2019. Two-thirds (67 percent) of respondents were vice presidents, C-level officers, presidents/CEOs, or on the board of directors at their institutions.
